Augusta
VIP Contributor
Account receivable is an accounting terminolog. it is about business transactions made to a company but they are yet to be paid. Since the company is yet to be paid such transactions is listed under the liabilities of the business or company balance sheet.
Your company will always keep the duplicate of invoice for each item that are yet to be paid for, and the amount owed is recorded by the accounting department. You can bring down the amount of cash receivable by informing the debtors to pay up. You can also urge them up to make fast payment by giving them cash discount.
Your company will always keep the duplicate of invoice for each item that are yet to be paid for, and the amount owed is recorded by the accounting department. You can bring down the amount of cash receivable by informing the debtors to pay up. You can also urge them up to make fast payment by giving them cash discount.
