Any time your business has a claim against a debtor for a short-term extension of credit, you will use an accounts receivable entry in your financial records and send an invoice to request payment ...

Small businesses that issue invoices or credits to customers must keep accurate records of their accounts receivable amounts. These amounts are future income on which the business relies to continue ...

What Is the Difference between Accounts Receivable and Accounts Payable? Your email has been sent Accounts payable and receivable are required to ensure your cash flow and spending are appropriately ...

Often abbreviated to A/R or AR, this refers to outstanding invoices or other forms of. money that’s owed to the business.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Thomas J. Brock is a CFA and CPA with ...

Explore how IBN Technologies is driving accounts receivable automation across U.S. finance teams. Learn how businesses are improving processing accuracy, unlocking Early Payment Discounts, and gaining ...

Contra accounts adjust asset values, like equipment depreciation reducing fixed assets. Increased allowance for doubtful accounts may signal rising uncollectable receivables. Companies use contra ...