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Facilitated diffusion
Accounts Receivable
Accounts receivable is the money owed to a business by its clients or customers for goods or services delivered but not yet paid for.
Electronic Funds Transfer
A system that allows the transfer of money between bank accounts without the physical exchange of cash, checks, or other negotiable instruments.
Outstanding Checks
Checks that have been issued and recorded in the payer's financial statements but have not yet been cashed or cleared by the bank.
Bank Reconciliation
The method of aligning the figures in a company's financial records for a cash account with the relevant data on a bank statement.
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