Ready for payment When you sell on credit, you keep an "accounts receivable" ledger as a record of what is owed to you and who owes it In accounting, a receivable is an asset
a claim against a debtor, generally on open account, its application usually limited to uncollected amounts of completed sale of goods and services; distinguished from deposits, accruals, and other items not arising out of everyday transactions
Any amount owed to a business as the result of a purchase of goods or services from it on a credit basis. Although the firm making the sale receives no written promise of payment, it enters the amount due as a current asset in its books. Accounts receivable constitute a major portion of the assets of many companies, and they may even be sold or pledged as collateral to obtain loans. See also account payable; factoring
The amount due from customers but not yet collected When goods due are shipped prior to collection, a receivable is recorded In a cable company, the amount of the total subscription bills went out, but not paid by the customers, is one of Account Receivables
Money that is owed to a company for goods and services it has provided to customers on credit The accounts receivable amount is an asset to the company (Compare with accounts payable )
The current outstanding balance that other organizations owe to your company for supplies or services rendered Accounts receivable represent a current asset for your business
A current asset; the expected value to be received from customers for items shipped and services performed but not yet paid for Also used to refer to the department that applies cash received from customers against open invoices and manages invoice adjustments and credit memos
(Ticaret) A current asset; the expected value to be received from customers for items shipped and services performed but not yet paid for. Also used to refer to the department that applies cash received from customers against open invoices and manages invoice adjustments and credit memos
Money owed to a company by customers that have purchased goods and/or services on credit Accounts receivable is listed as an asset on the balance sheet, as it is a number that will (presumably) be turned into cash by the company as the receivables are paid off
An asset account reflecting amounts owing on open account from private persons or organizations for goods and services furnished by a government (but not including amounts due from other funds of the same government) Although taxes and special assessments receivable are covered, by this term, they should be recorded and reported separately in Taxes Receivable and Special Assessments Receivable accounts respectively Amounts due from other funds or from other governments should also be reported separately [EPA] Money owed a business enterprise for merchandise or services bought on open account [ITDS] Money owed by customers [Harvey][WCSU] amounts recorded as assets on the books of a company, institution or individual that are due, but have not yet been collected, from a debtor for the previous purchase of merchandise or services [OTS]
Trade accounts of businesses representing moneys due for goods sold or services rendered evidenced by notes, statements, invoices or other written evidence of a present obligation
Money owed to a company by its customers By adding cash, accounts receivable, marketable securities and inventory we arrive at a company's current assets See Current Assets/Liabilities BACK TO TOP
Money owed to a company for goods and services it has sold Payment is expected within one year This money is listed as a current asset on the company's balance sheet
There are amounts owing to the company’s creditors as shown in the balance sheet These amounts are owed to the company the short term, usually as a result of sales on credit
Refers to the account that reflects the money that has not yet been paid by the buyer of that company's service or good (example: when you go to the dentist and get a tooth pulled, you will receive a bill--the service has been performed before the payment was received)
The focal point for this dictionary is the invoice Detail is presented down to the invoice line Information is also available about the promise payment and customer
Unsettled claims and transactions representing money owed to a creditor, usually the result of a sale of the creditor's product or service Also referred to as Accounts Receivable and listed as a current asset on the balance sheet
Represents money owed to the company by customers for goods sold or services rendered, but not yet collected This includes the trade receivables, finance receivables, and sales receivables Topic areas: Fundraising and Financial Sustainability
Amount owing to the State including accounts receivable, loans, notes receivable, and interest Receivables can be due from private persons, firms, corporations, other agencies, employees, and the federal government