Accounts Receivable

Definition

  • Money owed to a business by purchasers who are not required to make a payment prior to receiving goods and/or services.

Synonyms
invoices, income, company revenue

Acronyms
AR, A/R

Related Terms and Acronyms

  • Accounting Period (AP) Acronym, Important,
    • The time period used in a set of accounting books or financial statements, often 12 months.
  • Accounts Payable (A/P, AP) Acronym,
    • Money owed by a business for goods and services received.
  • Accrued Interest Receivable (AIR)Acronym,
    • When interest on an outstanding receivable has been added to the account, but has not yet been collected.
  • Balance (bal.) Abbreviation,
    • The amount of money in your account.
  • Billing and Accounts Receivable (BAR)Acronym,
    • Cost of Goods Sold (COGS) Acronym,
      • An expense that appears on a business's income statement and represents the inventory cost of the goods sold during a particular period.
    • Gross Profit Margin Definition,
      • The difference between the sales your business generates and the costs you pay out for goods.
    • Retained Earnings Definition,
      • All of the profits or losses accumulated from prior years and from the present year's income statement, minus dividends paid to you.
    • Revenue Definition,
      • Money earned by a company from its business activities.
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