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- Dictionaryaccounts receivable
plural
- 1. money owed to a company by its debtors.
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Feb 21, 2024 · Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivable is listed on the...
Accounts receivable is any amount of money your customers owe you for goods or services they purchased from you in the past. This money is typically collected after a few weeks and is recorded as an asset on your company’s balance sheet. You use accounts receivable as part of accrual basis accounting. Why is accounts receivable important?
Definition: Accounts receivable, often abbreviated A/R, is the amount of money that customers currently owe to the company for goods or services that were purchased on credit. Many companies offer credit programs to customers who frequent the business or suppliers who regularly order products.
What is Accounts Receivable (AR)? Accounts Receivable (AR) represents the credit sales of a business, which have not yet been collected from its customers. Companies allow their clients to pay for goods and services over a reasonable extended period of time, provided that the terms have been agreed upon.
Nov 2, 2023 · Accounts receivable is the money that customers owe a business for goods or services that have been delivered but not yet paid for. To keep your business running, you need a steady stream of cash coming in. If you invoice your customers, monitoring accounts receivable is a key part of your cash flow management.
Jan 8, 2021 · Accounts receivable (AR) are the amounts owed by customers for goods or services purchased on credit. The money owed to the company is called 'accounts receivable' and is tracked as an account in the general ledger, and then reported as a line on the balance sheet.
Sep 4, 2020 · Accounts receivable (AR) represent the amount of money that customers owe your company for products or services that have been delivered. AR are listed on the balance sheet as current assets and also refer to invoices that clients owe for items or work performed for them on credit.
