Accounts Receivable

Importance: 0.71

Is a company: no

Is a proper noun: no

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

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.