Accounts Receivable

Accounts receivable also known as Debtors, is money owed to a business by its clients (customers) and shown on its balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered.

Read more about Accounts Receivable:  Overview, Payment Terms, Accounts Receivable Age Analysis, Bookkeeping, Special Uses, Related Accounting Topics

Famous quotes containing the word accounts:

    Simplicity, simplicity, simplicity! I say, let your affairs be as two or three, and not a hundred or a thousand; instead of a million count half a dozen, and keep your accounts on your thumb-nail.
    Henry David Thoreau (1817–1862)