Account Receivable

A noun phrase referring to the money owed to a business by its customers for goods or services rendered on credit. Account receivables are considered as assets on a company's balance sheet and are expected to be converted into cash within a specific time frame.

Example sentences:

• The company's account receivable increased by 10% compared to the previous year.
• We need to carefully manage our account receivables in order to maintain a healthy cash flow.
• It is essential for businesses to regularly follow up with their customers to ensure timely settlement of account receivables.

Possible related products:

• Accounting Software
• Debt Collection Services
• Business Finance Books