noun an amount of money owed to a person or organization for goods or services provided
adjective able to be received or collected, especially in terms of money
In finance, 'receivable' is an asset that represents the amount of money owed to a company by its customers.
In a business context, 'receivable' is an important metric for assessing the financial health of a company and managing cash flow.
In economics, 'receivable' is considered a current asset on a company's balance sheet and is crucial for determining the company's liquidity position.
In accounting, 'receivable' refers to the amount of money owed to a company by its customers for goods or services provided on credit.
The accountant is responsible for managing accounts receivable, ensuring that payments are received from customers on time.
The financial analyst analyzes the company's accounts receivable to assess its financial health and liquidity.
The credit analyst evaluates the creditworthiness of customers to determine the risk of extending credit and accounts receivable.
The collections specialist is tasked with following up on overdue accounts receivable and collecting outstanding payments.
The sales manager works closely with the accounting department to monitor accounts receivable and ensure that sales orders are processed accurately.