Accounts Receivable (AR)
Accounting & Bookkeeping Glossary
Definition
Accounts receivable is the money your clients owe you for work you've already done. If you've sent an invoice and haven't been paid yet, that's AR. Tracking it closely is critical because AR that sits too long turns into cash flow problems — or worse, bad debt you'll never collect.
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Accounts Receivable and Payable ServicesRelated Terms
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