In this episode, Jay breaks down Accounts Receivable — the money owed to your business for goods or services already delivered but not yet paid for. Jay explains where AR sits on the Balance Sheet, why it's classified as a current asset, and how a high AR balance can create serious cash flow problems even when business looks good on paper. The episode also covers the AR Aging Report — a key tool for tracking overdue invoices and staying ahead of collection issues.

Presented by Cherokee Bookkeeping. Co.