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.