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The accounts receivable cycle is the same, no matter what the software. You invoice a customer, and they owe you money. You receive the payment, and deposit that money into your bank account. The accounts receivable cycle is closed at that point.
In this video, I throw in a monkey wrench, that we see a lot of with small business accounting. What do you do when the small business owner gets paid in cash, and never deposits the money into the business? That question is answered in the video.
Zoho Books, as you’ll see gives us some really nice forms, in a clean, and slick interface, that makes this process easy.