Keyword Analysis & Research: accounts receivable meaning

Keyword Analysis


Keyword Research: People who searched accounts receivable meaning also searched

Frequently Asked Questions

What does the term accounts receivable refers to?

The phrase refers to accounts a business has a right to receive because it has delivered a product or service. Accounts receivable, or receivables represent a line of credit extended by a company and normally have terms that require payments due within a relatively short time period, ranging from a few days to a fiscal or calendar year.

What is the purpose of accounts receivable?

Accounts receivable is a common account used by company accountants to track revenue earned but not yet collected. It is a balance of money owed to the business by buyers who make purchases on account and agree to pay later. Collecting payments on account in a timely manner is important to financial efficiency for a business.

What are the goals of accounts receivable?

The ultimate goal of accounts receivable: to increase working capital. Companies have traditionally viewed accounts receivable as a basic function. They are beginning to realize, however, that improving the process can lead to significant financial gain for the company.


Search Results related to accounts receivable meaning on Search Engine