Definitions from the Web
Receivables
Definition:
Receivables, in finance and accounting, refer to the amounts owed to a company by its customers or clients for goods or services provided.
Senses:
- Noun - General: The total outstanding amounts owed to a company.
- Noun - Accounting: A current asset on a company's balance sheet that represents the right to receive payment from customers or clients.
Usages:
- Managing and reducing the aging receivables is crucial for maintaining positive cash flow.
- The company's receivables portfolio has increased significantly this quarter.
- Accounting software can help track and monitor receivables more efficiently.
- Efficient credit control practices ensure prompt collection of receivables.
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