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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 balance...
Businesses keep track of all the money their customers owe them using an account in their books called accounts receivable. Here we’ll go over how accounts receivable works, how it’s different from accounts payable, and how properly managing your accounts receivable can get you paid faster.
Nov 2, 2023 · Accounts receivable definition: Accounts receivable is the money that customers owe a business for goods or services that have been delivered but not yet paid for.
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.
Accounts receivable, abbreviated as AR or A/R, [1] are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for.
Dec 7, 2023 · Accounts receivable refers to money due to a seller from buyers who have not yet paid for their purchases. The amounts owed are stated on that are issued to buyers by the seller. The issuance of an invoice implies that the seller has granted credit to a customer.
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.
