A Complete Guide for Accounts Receivable Process

Accounts receivable (AR) refers to the money a business is owed for goods or services it has provided but has not yet received payment for. When a company sells products or services on credit, the amount customers owe is recorded as accounts receivable. This money is expected to be paid within a short period, usually within a year, making AR a current asset on the companyu2019s balance sheet. In simple terms, accounts receivable is the total amount customers owe a business for purchases made on credit. https://www.whizconsulting.net/us/blog/guide-accounts-receivable/

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