What Is Accounts Receivable (AR) ?
What Is Accounts Receivable (AR) ?
What Is Accounts Receivable (AR) ?
By
ADAM HAYES
Reviewed by
MARGARET JAMES
Updated Feb 24, 2021
What Is Accounts Receivable (AR)?
Accounts receivable (AR) is the balance of money due to a firm for goods or
services delivered or used but not yet paid for by customers. Accounts
receivables are listed on the balance sheet as a current asset. AR is any amount
of money owed by customers for purchases made on credit.
KEY TAKEAWAYS
Accounts Receivable
Many businesses use accounts receivable aging schedules to keep taps on the
status and well-being of AR accounts.