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

see DEBTORS.
References in periodicals archive ?
Managers must take into account seasonal sales spikes to avoid matching high annualized quarterly/monthly sales against depleted accounts receivables and inventory levels, thus producing a misleadingly high ratio.
(6) A certain portion of accounts receivable of the firm remains uncollectible; that is, the firm incurs bad debt loss whose proportion out of the total credit sales is known to the firm.
Essentially, the Tax Court allowed the Maguires through the distributions and contributions of the accounts receivables to treat their two S corporations as a single S corporation for tax purposes.
Exhibit I summarizes a company's billings and accounts receivable over the past several months.
Answer: Factoring is a sale of commercial accounts receivable at a discount for immediate cash.
The one-page report includes charges, patient visits, and accounts receivable by month and year-to-date.
A case study from this author's book, Best Practices in Accounts Receivable Management, clearly illustrates how an effective dispute resolution process can revitalize an organization: A high technology firm was experiencing an especially serious receivables management problem.
There would be less cash available for routine needs, such as funding accounts receivable."
Typically current assets include cash on hand, accounts receivable and inventories.
Georgia-Pacific Corp., (G-P), Atlanta, Georgia, USA has completed the annual renewal of its US$ 800 million accounts receivable borrowing program, which has been extended through December 9, 2005.
Net investment: Control over key items of working capital, such as accounts receivable, inventory and accounts payable; strategic decisions to invest in plant and equipment; and acquisitions of a business.
In 2003, the GFOA Executive Board approved a recommended practice entitled "Revenue Policy: Accounts Receivable Controls." This recommended practice was initiated by the Committee on Cash Management to underscore the importance of written policies and procedures for managing accounts receivable.

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