What is Accounts Receivable?
Accounts Receivable (A/R) refers to customer accounts and the funds that are due to be paid to the company. The company provides products or services to its customers and the company receives payment in exchange. A bookkeeper who does this task is often called an Accounts Receivable Clerk. The process usually consists of entering customer orders into the computer system, preparing invoices, sending them to customers, receiving payments, logging the payments into the computer system, and following up with customers who have overdue payments.
Related Questions
- Accounts Receivable - The department of a large company whose function is to send bills to companies that owe money. Theres more to it than that, but who cares?
- What are examples of non-sponsored billings that will be created in the Accounts Receivable Shared Service Center?
- What are examples of sponsored billings that will be created in the Accounts Receivable Shared Service Center?
