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Backlog in Accounting: Meaning, Types, and Business Impact
In business and finance, the term backlog often signals that tasks or obligations are piling up faster than they can be completed. In accounting specifically, a backlog usually means financial activities that remain unprocessed or delayed, such as invoices, reconciliations, or reports. Left unattended, these backlogs can interfere with decision-making, compliance, and growth. But backlogs…