receivables


Also found in: Dictionary, Thesaurus, Medical, Legal.
Related to receivables: Net Receivables, Receivables Financing

Accounts Receivable

1. Money that a customer owes a company for a good or service purchased on credit. Accounts receivable are current assets for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days. See also: Collection period.

2. A unit within a company's accounting department that deals with accounts receivable.

receivables

receivables

Money due from tenants or clients. Receivables are listed as an asset on the balance sheet. One can have a profit on paper, because all the rent charged to tenants counts as income, whether collected or not.One can also have a large amount of assets and be worth a lot of money, on paper, because unpaid rents—receivables—are listed as an asset. At the same time everything looks rosy on paper, you can be going broke because tenants are not paying their rent, you don't have any hope of ever collecting the past-due receivables,and there is no money to pay the bills.

(Remember this when reviewing financial information for a rental property: you must see the balance sheet and the financial statements at the same time to figure out what is really happening.)

References in periodicals archive ?
Experience shows that most companies have not specifically articulated how receivables management fits into their corporate strategies, but instead, view it as a necessary cost of doing business.
One of the best ways to avoid long accounts receivable timelines is by doing due diligence on your customers up front.
Most receivables credit lines in this industry, however, come from traditional AIR lenders; their credit lines are based on simple formulas related to the receivables' age.
Under this formula, a taxpayer computes its experience by multiplying its year-end accounts receivable balance by the ratio of total bad debts sustained during the current year and the five preceding tax years (less recoveries of bad debts during the same period) over the sum of the accounts receivable balance at year-end for the same six-year period.
All other things being equal, it doesn't appear logical that a company with rapidly increasing sales and receivables would have decreasing cash.
The procedure provides no clear advice, however, on what specific rate should be used once the accounts receivable are established.
As receivables are conveyed to the trust, the reserve account is funded with a deposit of 4.
Neglecting your accounts receivable, money owed to your business by customers, can be the most expensive management mistake you will ever make.
As providers of credit and accounts receivable management services, and as developers of our own leading Carixa[TM]credit and accounts receivables SaaS technology, we immediately recognized the value that The Receivables Exchange's innovative A/R auction platform can bring to so many companies who are seeking a better way to manage their cash flow," said John Metzger, Chairman of the Smyth Companies.
In order to effectively manage global working capital, the customer-to-cash (composed of credit risk and receivables management) and the procure-to-pay (composed of procurement and payables management) processes need to be streamlined.
704(c), the income the partnership realizes from collection of the receivables is taxed to the contributor to the extent such income reflects the difference between the receivables' zero basis and their fair market value (FMV) at the time of contribution.
Auditors have to decide whether they can use negative accounts receivable requests.