Accounts Receivable

Importance: 0.71

Is a company: no

Is a proper noun: no

Synonyms

  • company revenue
  • invoices
  • income

Acronyms

  • AR
  • A/R

Definition of Accounts Receivable

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

Related Terms and Acronyms

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