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Credit Entry

oboloo Glossary

Credit Entry

Credit Entry is the accounting entry made when a business records incoming payments from their customers. This entry involves increasing cash and decreasing receivable balances on their books. Credit Entries are represented by amounts that are due to the company, which help reduce the net balance of debt that the company owns its customers. Credit Entries provide clarity and accuracy in tracking accounts receivables, allowing business owners to understand their financial performance in relation to customer payments. When properly managed, Credit Entry helps businesses remain profitable and successful.

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