Accounts Payable
Money a business owes suppliers, vendors, contractors, or other creditors for goods or services already received.
Read definition →TYS Accounting Glossary
Cash Flow, Receivables & Working Capital
Terms that help business owners understand collections, obligations, liquidity, and the resources available for near-term operations.
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15 terms in this topic
Accounts Receivable
Money owed to a business by customers for products delivered or services performed but not yet paid for.
Read definition →Allowance for Doubtful Accounts
An estimate of the portion of accounts receivable a business may not collect.
Read definition →Bad Debt Expense
The expense recognized when a business determines that receivables may not be collected.
Read definition →Cash Flow
The movement of cash into and out of a business during a period.
Read definition →Current Asset
An asset expected to be converted to cash, sold, or used within one year or the normal operating cycle.
Read definition →Current Liability
A debt or obligation expected to be paid within one year or the normal operating cycle.
Read definition →Current Ratio
A liquidity measure calculated by dividing current assets by current liabilities.
Read definition →Days Sales Outstanding
A measure of the average number of days it takes a business to collect payment after a credit sale.
Read definition →Liquidity
A company’s ability to meet short-term obligations as they come due.
Read definition →Payroll Liability
Amounts owed by an employer for wages, payroll taxes, withholdings, benefits, or other payroll obligations.
Read definition →Quick Ratio
A liquidity ratio comparing highly liquid assets, such as cash and receivables, with current liabilities.
Read definition →Sales Tax Payable
Sales tax collected from customers that a business owes to the appropriate taxing authority.
Read definition →Working Capital
Current assets minus current liabilities, a common measure of short-term operating liquidity.
Read definition →Write-off
The removal or reduction of a recorded amount when it is no longer expected to provide value or be collected.
Read definition →Work with a trusted advisor
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