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Definitions from the Web

Accounting Receivable

Description:

Accounting Receivable refers to the amount of money owed to a company by its customers or clients for goods or services that have been provided but not yet paid for. It is considered an asset on the company's balance sheet and represents the money the company expects to receive in the future.

Senses and Usages:

1. Noun: Accounting Receivable can refer to the general concept of money owed to a company.
2. Noun: In accounting terms, it specifically represents the outstanding invoices or amounts due from customers.
3. Adjective: It can describe a job or position related to managing and tracking the company's receivables.

Sample Sentences:

1. The company's accounting receivable has increased significantly this quarter.
2. It is crucial for businesses to effectively manage their accounting receivable to maintain healthy cash flow.
3. John's role in the company is to oversee the accounting receivable department.

Possible Related Products:

Explore these related products:

• Accounting Receivable Software
• Accounting Receivable Books
• Accounting Receivable Training Materials