The "Receivable" Amounts and Loans
When a business is making a sale, the amount the customer has to
pay comes under the "receivable" amount. If a business lends a part
of its money at an interest rate, the amount payable comes under
"loans". These are two important cash gates that an accounting and
bookkeeping software should regularly maintain in order to avoid a
major financial glitch.
The Inventory Amount
Inventory is the amount a business has in its stocks. Thus it is
basically Australian dollars maintained safely. This amount must be
regularly checked in order to track any loss or mishap. Counting this
amount and updating it periodically irrespective of the fact that it
remains the same or not is an important part of accounting and
bookkeeping.