noun an amount of money owed to a company by a customer for goods or services provided on credit
In finance, accounts receivable is considered an asset on the balance sheet, as it represents funds that are expected to be received in the future.
Accounts receivable can impact a company's cash flow and overall financial health, making it an important metric for economic analysis.
Accounts receivable is a key component of a company's financial statements, representing money owed to the company by customers for goods or services provided on credit.
Accounts receivable management involves monitoring and collecting payments from customers to ensure timely receipt of funds owed to the company.
In the context of a business writer, accounts receivable may be discussed in articles or reports about a company's financial health and cash flow management.
A psychologist may analyze a company's accounts receivable to understand the impact of financial stress on employees and overall workplace mental health.
Accountants use accounts receivable to track and manage the money owed to a company by its customers, and to ensure accurate financial reporting.
Financial analysts may use accounts receivable data to assess a company's liquidity, profitability, and overall financial performance.
For business owners, accounts receivable is a key metric for monitoring the company's cash flow and managing outstanding payments from customers.