accounts receivable

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Related to Account Receivable: account payable

Accounts receivable

Money owed by customers.

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.

accounts receivable

Money owed to a business by customers who have bought goods or services on credit. Accounts receivables are current assets that continually turn into cash as customers pay their bills. Also called receivables.

accounts receivable

see DEBTORS.
References in periodicals archive ?
Jack Greenthum may be able to take a business bad debt deduction in 1995 for part or all of the $12,000 account receivable due from Jasmine's Ground Covers and $4,000 due from Ligustrum's Plants, provided he can substantiate that the debtors do not have the ability to pay the debt.
By combining early due diligence with close attention to aging receivables and using strategies like keeping backup credit card numbers on file, small-business owners can get a handle on their account receivables and keep their bottom lines healthy, even when customers are dealing with their own economic challenges.