accounts receivable

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Related to receivable: Notes Receivable, Receivable Turnover

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.


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 ?
A receivables line of credit, which provides immediate cash and liquidity, enables ABC to meet its monthly obligations.
The NAE method permits certain service providers to exclude amounts from gross income that, based on experience, they do not expect to collect (based on a formula that takes into account the history of uncollected receivables relative to total receivables).
The second lesson: Accounts receivable are attractive fraud targets, primarily because of the way receivables are viewed by lenders.
The term for the receivable should be determined by measuring the period of time between the date on which the receivable is deemed created (i.
Class A-2 and A-3 are floating rate classes, subject to a cap of 11% covered by applying monthly excess cash generated by the receivables.
Monitoring receivables also offers long-term benefits for your company.
com) is the world's first online marketplace for real-time trading of accounts receivable.
The tax adviser should suggest that Peary contribute his $60,000 of zero-basis accounts receivable from his practice, but, to avoid assignment-of-income issues, the partnership should also assume the payables of Peary's practice.
In general, auditors should send positive requests to confirm large accounts receivable balances, as no sampling risk is acceptable for individual receivable balances exceeding tolerable misstatement for a given engagement.
Factoring--a method of asset-based financing in which receivables are purchased or used as collateral--can provide immediate cash.
The better programs in the industry can advance funds even if a receivable has not yet been billed.