How does a credit balance affect Accounts Receivable?
- 28 Nov 2023
- 1 Minute to read
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How does a credit balance affect Accounts Receivable?
- Updated on 28 Nov 2023
- 1 Minute to read
- Print
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When a family (or agency) has paid in advance or overpaid, their ledger card will have credit balance (negative balance). This reduces your accounts receivable. For example, if ten families owed you a total of 1,000 and one family had a credit of 200, your accounts receivable would be 800.
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