Search results
- Dictionaryreceivable/rɪˈsiːvəbl/
adjective
- 1. able to be received.
plural
- 1. amounts owed to a business, regarded as assets.
Powered by Oxford Dictionaries
Feb 21, 2024 · Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivable is listed on the balance sheet as a...
Accounts receivable is any amount of money your customers owe you for goods or services they purchased from you in the past. This money is typically collected after a few weeks and is recorded as an asset on your company’s balance sheet. You use accounts receivable as part of accrual basis accounting. Why is accounts receivable important?
1. : capable of being received. 2. : subject to call for payment. notes receivable. Examples of receivable in a Sentence. Recent Examples on the Web Lee invests in tax receivable agreements, increasingly common arrangements that put cash into the pockets of early investors in companies.
Definition: Accounts receivable, often abbreviated A/R, is the amount of money that customers currently owe to the company for goods or services that were purchased on credit. Many companies offer credit programs to customers who frequent the business or suppliers who regularly order products.
RECEIVABLE definition: still to be received by the person or company to whom money is owed: . Learn more.
Oct 1, 2019 · The term receivables is short for accounts receivable (A/R), which are amounts bought by customers for a company's goods and services. How Do Receivables Work? Company XYZ sells $1 million in widget parts to a widget manufacturer and gives that customer 60 days to pay for those parts.
Jan 8, 2021 · Accounts receivable (AR) are the amounts owed by customers for goods or services purchased on credit. The money owed to the company is called 'accounts receivable' and is tracked as an account in the general ledger, and then reported as a line on the balance sheet.
Receivable definition: fit for acceptance; acceptable.. See examples of RECEIVABLE used in a sentence.
Accounts Receivable or A/R is money that a company is owed by, for example, its customers. It is the balance of money that the company expects will come in for goods or services that it delivers. If your company delivers, for example, wood to customers on credit, it will get paid after a specific period. Credit terms may be for 15, 30, or 90 days.
RECEIVABLE meaning: still to be received by the person or company to whom money is owed: . Learn more.
