Accounts Receivable

Definition of Accounts Receivable as it relates to Finance, Cash Flow Management

Accounts Receivable refers to the outstanding balances owed by customers to a business for goods or services delivered but not yet paid for. It is a key aspect of finance and cash flow management, as it represents a source of future income for the business. Proper management of Accounts Receivable involves tracking and monitoring the aging of invoices, setting credit limits, and collecting payments in a timely manner to ensure a healthy cash flow.

Child Hierarchical Categories

Note