Accounts Receivable

Accounts receivable is money owed to a business by its customers for goods or services delivered on credit. It is recorded as a current asset.

Managing receivables is important for cash flow and liquidity. Businesses often track days sales outstanding (DSO) to measure collection speed. Unpaid invoices may be written off as a write-off.

Related Terms

Accounts Payable

Accounts payable represents money a business owes to suppliers for goods or services received. It is...

Income Statement

An income statement is a financial statement that summarizes revenue, expenses, and profit over a sp...

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities, and sharehold...

Credit

In banking, a credit is a transaction that increases the balance in your account. On your bank state...

Need to convert bank statements to spreadsheet format? Try our bank pdf converter to easily export your transaction data to Excel or CSV.

Glossary home

Convert 10 pages free per week.
Try your weirdest statement.

Convert a bank statement PDF free