Accounts receivable refers to the amount that your customers owe to you for the goods and services provided to them on credit. Thus, the accounts receivable account gets debited and the sales account gets credited. This indicates an increase in both ...

Record your billable hours by project, so you know what client you’ll invoice for the work you’re completing. It will also help you track how much time you’re spending on each client’s project per billing cycle. Notice that we have an account called ...