A company or business needs to keep track of its finances, which makes it function. Finances tend to be the backbone of a company and ensure its success or failure. A company needs to maintain accurate financial records so that everything is transparent and known. It is also essential to know whether your clients are paying on time. If a proper procedure is present, which accounts need to be alerted will be known. A useful document here is an account receivable and payable aging sheet. What is an account receivable and payable aging sheet? This is a document that helps…
