Accounts Receivable

C1 16+

Pronunciation: /əˈkaʊnts rɪˈsivəbəl/

Definitions of accounts receivable

noun an amount of money owed to a company by a customer for goods or services provided on credit

Example Sentences

A1 Accounts receivable is money that is owed to a company by its customers.

A2 Businesses need to keep track of their accounts receivable to ensure they are paid on time.

B1 The accounts receivable department is responsible for managing invoices and collecting payments.

B2 Analyzing the accounts receivable turnover ratio can help determine the efficiency of a company's credit policies.

C1 Implementing a software system to automate accounts receivable processes can improve cash flow and reduce errors.

C2 The company's financial health can be evaluated by examining the accounts receivable turnover and days sales outstanding metrics.

Examples of accounts receivable in a Sentence

formal The company's accounts receivable department is responsible for tracking and collecting payments from customers.

informal Hey, make sure you send out those invoices so our accounts receivable stays up to date.

slang I heard the accounts receivable team is swamped with chasing down payments.

figurative Managing your accounts receivable is like keeping track of a constantly flowing river of money.

Grammatical Forms of accounts receivable

plural

accounts receivables

present tense

account receivable

future tense

will have accounts receivable

perfect tense

has had accounts receivable

continuous tense

is having accounts receivable

singular

account receivable

positive degree

accounts receivable

infinitive

to account receivable

gerund

account receivabling

participle

account receivable

Origin and Evolution of accounts receivable

First Known Use: 1250 year
Language of Origin: Italian
Story behind the word: The term 'accounts receivable' originated in medieval Italy during the development of early accounting practices.
Evolution of the word: Originally used to track money owed to merchants, the concept of accounts receivable has evolved to encompass all money owed to a company for goods or services provided on credit.