accounts receivable
"Accounts receivable" refers to the money a business expects to collect from customers who have purchased goods or services on credit.
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Definition
B2Business
(technical, formal)The amount of money owed by customers for goods or services provided on credit.
Example
- The company's accounts receivable have increased this quarter, indicating higher credit sales.
- Managing accounts receivable is crucial for maintaining cash flow.
C1Accounting
(technical, formal)Outstanding invoices or bills that have been issued to customers but not yet paid.
Example
- Accounts receivable are listed as a current asset on the balance sheet.
- The accountant reviewed the accounts receivable to ensure timely collections.
Similar
Terms that have similar or relatively close meanings to "accounts receivable":