accounts receivable

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Related to Account Receivable: account payable

Accounts Receivable

The sum of the monies owed to a person or enterprise which was incurred in the course of business transactions and not supported by negotiable paper.

ac·counts re·ceiv·a·ble

(AR, A/R) (ă-kownts' rĕ-sē'vă-bĕl)
The aggregate of money owed to the health care practice by all patients and/or insurers.

accounts

the bill provided to the client by the veterinarian setting out the sums owing for services rendered.

itemized accounts
the provision of accounts for professional services in which all of the medicines, materials and services supplied are itemized. The disadvantage of the procedure is the opportunity that it provides to vexatious clients to argue with the charges. It is standard procedure to provide an itemized account if the client asks for one.
accounts payable
the monies owed to other accounts by the practice and to be paid during the month.
accounts receivable
the accounts that owe the practice money and which can be expected to pay during the month.
References in periodicals archive ?
Jack Greenthum may be able to take a business bad debt deduction in 1995 for part or all of the $12,000 account receivable due from Jasmine's Ground Covers and $4,000 due from Ligustrum's Plants, provided he can substantiate that the debtors do not have the ability to pay the debt.
The total of the account receivable, patents and investments
e) a guarantee by the Shareholder that all of the Accounts Receivables of Lighting are collectible within 120 days of the Closing, failing which the consideration paid by the Corporation shall be adjusted in the face amount of the un-collected Accounts Receivable 121 days after the Closing, firstly be reducing the number of Preferred Shares to be issued to the Shareholder for any amount less than 5 percent of the aggregate Account Receivables at Closing, and secondly by a certified cheque payable to Lighting by the Shareholder for the balance of such uncollected Accounts Receivable.
By combining early due diligence with close attention to aging receivables and using strategies like keeping backup credit card numbers on file, small-business owners can get a handle on their account receivables and keep their bottom lines healthy, even when customers are dealing with their own economic challenges.
Based on a preliminary assessment of the probability of collecting these account receivables, the Company currently believes it will report a write-off of a majority of the accounts receivable balance in the fourth quarter of 2004.
Since deploying the solution, Summit has reduced its days in account receivables to significantly below the industry average while further empowering its employees to deliver top-notch services to their patients.