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What (who) is accounts receivable - definition
Accounts receivable
LEGALLY ENFORCEABLE CLAIM FOR PAYMENT TO A BUSINESS BY ITS CUSTOMER/ CLIENTS FOR GOODS SUPPLIED AND/OR SERVICES RENDERED IN EXECUTION OF THE CUSTOMER’S ORDER
Accounts Receivable; Account Receivable; Accounts receivables; AccountsReceivable; Book debt; Receivable; Book account; Bills receivable; Bill receivable; Account receivable; Fees earned; Trade receivable; Accounts Receivables; Book debts
Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame.
accounts receivable
LEGALLY ENFORCEABLE CLAIM FOR PAYMENT TO A BUSINESS BY ITS CUSTOMER/ CLIENTS FOR GOODS SUPPLIED AND/OR SERVICES RENDERED IN EXECUTION OF THE CUSTOMER’S ORDER
Accounts Receivable; Account Receivable; Accounts receivables; AccountsReceivable; Book debt; Receivable; Book account; Bills receivable; Bill receivable; Account receivable; Fees earned; Trade receivable; Accounts Receivables; Book debts
¦ plural noun money owed to a company by its debtors.
accounts receivable
LEGALLY ENFORCEABLE CLAIM FOR PAYMENT TO A BUSINESS BY ITS CUSTOMER/ CLIENTS FOR GOODS SUPPLIED AND/OR SERVICES RENDERED IN EXECUTION OF THE CUSTOMER’S ORDER
Accounts Receivable; Account Receivable; Accounts receivables; AccountsReceivable; Book debt; Receivable; Book account; Bills receivable; Bill receivable; Account receivable; Fees earned; Trade receivable; Accounts Receivables; Book debts
n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business's problems in paying its own debts. Evaluation of the chances of collecting based on history of customers' payments, quality of customers and age of the accounts receivable and debts is important. A big mistake made by people overly eager to buy a business is to give too high a value to the accounts receivable without considering the chances of collection.
Examples of use of accounts receivable
1. Some of those alternatives might include loans against their inventory or their accounts receivable.
2. Accounts receivable is money owed, but not yet collected, for goods or services.
3. The Geopolitics of Accounts Receivable By Yulia Latynina To Our Readers The Moscow Times welcomes letters to the editor.
4. Those at the top of the list are secured creditors –– with debts backed by assets such as real estate or accounts receivable.
5. Yukos‘ 13.7 billion rubles of accounts receivable will also be auctioned Aug. 15, at a starting price of 11.5 billion rubles, Rossiiskaya Gazeta said.