Accounts receivable
An account tracking money owed to a company by its clients/customers.
Proper management of accounts receivable is vital for ensuring a steady cash flow, which is crucial for covering operational expenses and investing in new projects. Delays in collections can impact the company's ability to meet its obligations and may require additional financing.
Used in a sentence
Let's follow up on the outstanding accounts receivable to maintain our cash flow.
Synonyms/variation
AR
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