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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.
Accounts Receivable (A/R) Accounts receivable is a current asset recorded on the balance sheet that captures the outstanding cash payments still owed from customers, i.e. the money owed from customers that paid using credit.
Accounts receivable (AR) is an accounting term for money owed to a business for goods or services that it has delivered but not been paid for yet. Accounts...
A company's balance sheet shows an account receivable when a business is owed money by its customers. Learn how to read one and why it matters.
Accounts receivable is the amount of credit sales that are not collected in cash. When you sell on credit, you give the customer an invoice and don’t collect cash at the point of sale. Accounts receivable is the exact opposite of accounts payable. Accounts receivable vs. payable.
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.
Accounts receivable appears as a current asset on the balance sheet. Here are some examples of current assets: If your accounts receivable balance is going up, that means you're invoicing more. If the balance is going down, that means you're collecting customer payments from previous invoices.