noun an amount of money owed by a customer to a business for goods or services provided on credit
In finance, account receivable is an important metric used to assess a company's financial health and liquidity.
In economics, account receivable is considered an asset on a company's balance sheet, representing money that is expected to be received in the future.
Account receivable is a term used in accounting to refer to the money owed to a company by its customers for goods or services provided on credit.
Account receivable management is a key aspect of business management, as it involves tracking and collecting payments from customers.
Account receivable plays a role in supply chain management by influencing cash flow and working capital management.
In the financial industry, a writer may discuss accounts receivable as a key component of a company's balance sheet and financial health. They may write about strategies for managing and collecting accounts receivable efficiently.
A psychologist may use accounts receivable as a case study in financial stress and its impact on mental health. They may explore the psychological effects of unpaid invoices or financial instability related to accounts receivable.
An accountant is directly involved in managing accounts receivable for a company. They are responsible for tracking and recording all incoming payments, following up on overdue invoices, and ensuring accurate financial reporting related to accounts receivable.
For a business owner, accounts receivable represent the money owed to their company by customers or clients. They must monitor accounts receivable closely to maintain cash flow and make decisions about credit policies or debt collection.
A financial analyst may analyze accounts receivable data to assess a company's liquidity, profitability, and overall financial performance. They may use accounts receivable turnover ratios or aging reports to evaluate the efficiency of a company's credit and collection processes.