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General Ledger Accounting Software General Ledger Accounting Software
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Accounts Receivable Ledger

Choose An Accounts Receivable Ledger.

If you are in business you know how important it is to keep good accounts records. Keeping an accurate accounts receivable ledger is perhaps one of the more important records you can have in your business. Without an accurate accounts receivable ledger it is hard, if not impossible to figure out who owes you what and to collect the money owed you. Record keeping is the backbone of any business. Accounts receivable is the money that is owed by a customer for goods or services performed for them.

An accounts receivable ledger is considered an asset of the company because the money is usually due within a short period of time ranging from the end of the month, to perhaps a year. An accounts receivable ledger is the documentation of the moneys owed. Keeping track of payments and making sure they are applied to the correct account is part of the job in accounts receivable. A good practice is to make sure that you have full documentation in the accounts receivable ledger. While, a lot of business are using computers to keep their accounts receivable up to date, it is always a good idea to keep a hard copy in case of computer failure. An old fashion accounts receivable ledger can be found at just about any office store and well worth the money invested in it.

For some there is just no replacing the old fashion paper based book. Some how it just seems more real when seen in print with ink and paper. A hard copy of the accounts receivable ledger is sometimes necessary for tax purposes. Computers are great and checking your book keeping on the computer is usually very easy as it is an industry goal to keep the software programs user friendly. However, it cannot be said enough, especially when referring to the accounts receivable ledger, that you should back up all records. All records should be backed up on a daily basis without fail.

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