Examlex
________ is an advantage of cloud-based ERP systems.
Accounts Receivable
Money owed to a business by its customers for goods or services provided on credit.
Allowance
An accounting practice that reduces the value of assets or income for the purpose of conservative financial reporting and tax savings.
Percentage of Receivables Method
The percentage of receivables method is an accounting technique used to estimate the amount of a company's accounts receivable that will not be collected, based on past experience.
Allowance for Doubtful Accounts
An accounting concept representing the estimated uncollectible amounts from customers' outstanding accounts.
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