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Accounting · Definition

Accounts Receivable

Money owed to your business by customers for sales made on credit.

Accounts receivable is what customers owe you for goods or services delivered but not yet paid for. It is an asset, but only as valuable as your ability to collect it.

Aging receivables and disciplined collections keep cash flowing and bad debt low.

See it in AWRA OpsHub

Payments & Collections

Related terms

Accounts Payable

AP

Money your business owes to suppliers for goods or services received.

Aging Report

A breakdown of receivables or payables by how overdue they are.

Invoice

A seller’s itemised request for payment for goods or services.

Credit Note

A document reducing the amount a customer owes on a prior invoice.

More in Accounting

Accrual Accounting Accrued Expense Bad Debt Provision Balance Sheet Bank Reconciliation Break-Even Point Budget Variance Cash Conversion Cycle (CCC)

Accounts Receivable is not just a definition here

Accounting runs on this vocabulary every day in AWRA OpsHub — 51 of our 257 glossary terms describe things the platform actually does.

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