For a business, shoddy record-keeping is always counterproductive, as is the overstating or understating of accounts receivable in financial statements. As a result, top leadership typically sets ...

Sometimes your customers or clients just don't pay what they owe. You will need to allow for or write off unpaid accounts receivable, and you need accurate records for taxes and financial statements.

The Financial Accounting Standards Board published an accounting standards update Wednesday with optional guidance on the measurement of credit losses for accounts receivable and contract assets. The ...