accounts receivable

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Related to accounts receivable: Accounts Receivable Management

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

References in periodicals archive ?
Lloyd says that business owners usually are better off if they can find angel financing, rather than incur the high costs of accounts receivable financing, month after month.
In general, auditors should send positive requests to confirm large accounts receivable balances, as no sampling risk is acceptable for individual receivable balances exceeding tolerable misstatement for a given engagement.
As of the effective date, ABC has unreported accounts receivable with a face value of $50,000 and an FMV of $40,000 included in its net unrealized built-in gain of $100,000.
For any tax year, the uncollectible amount of a receivable is the amount that bears the same ratio to the account receivable outstanding at the close of the tax year as (1) the total bad debts with respect to accounts receivable sustained during the period consisting of the tax year and the five preceding tax years, adjusted for recoveries of bad debts during such period and (2) the sum of the accounts receivable earned throughout the entire six-year period.
This includes subsidiary ledgers, such as payroll and accounts receivable.
92 TC 1314 (1989), may enable taxpayers to treat accounts receivable acquired as part of a qualified asset purchase under Sec.
Many, accounts receivable systems currently include this feature as a built-in function.

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