Accounts-receivable meaning

Money that is owed to a company by a customer. Accounts receivable are listed on a company’s balance sheet under assets. Reserves can be set aside to provide the company with a cushion in the event that the accounts receivable are not paid. In order to obtain quick cash, accounts receivable may be sold to another party that will provide the value of the receivables at a discount from what the company would have received.
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Plural form of account receivable.
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(accounting, usually plural only) The total monetary amount owed to a financial entity due to debts arising from sales on credit or on account.
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