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
Accounts receivable; an amount that is owed the business, usually by one of its customers as a result of the ordinary extension of credit
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
A promise to receive cash from customers to whom the business has sold goods or performed a service
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
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