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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 receivable are an asset account, representing money that your customers owe you. Accounts payable on the other hand are a liability account, representing money that you owe another business.
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.
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 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 is an accounting term that reflects the funds owed to your business by customers who have already received a good or service but have not yet paid for it.
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.
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.
Learn about accounts receivable and the different impacts it has on your company, and what you can do to ensure that it's managed effectively.
Accounts Receivable (A/R) is defined as payments owed to a company by its customers for products and/or services already delivered to them – i.e. an “IOU” from customers who paid on credit. How are Accounts Receivable Created?