accounts receivable

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Related to receivables: Net Receivables, Receivables Financing

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 ?
Before applying the appropriate advance rate (typically 85%), the A/R lender will eliminate certain ineligible items from the base, including contractual reserves, aged receivables (i.
448(d)(5) temporary regulations as a way to compute bad-debt experience, but was replaced in the amended temporary regulations with the generally less favorable six-year moving-average method (which requires a taxpayer to use total sales versus year-end accounts receivable in determining its uncollectible experience).
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.
There are two ways to reduce the risk of losses resulting from problems in the accounts receivable department.
The Receivables Exchange connects Buyers and Sellers in a real-time auction marketplace to buy and sell receivables.
Credit risk and receivables management functions have to be coordinated, with the front-end credit evaluation properly limiting risk of bad-debt write-offs, while the back end collections have to be automated to accelerate customer payments.
Contributions of zero-basis receivables are not taxed as contributions in all cases.
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.