ERP Term
"Accounts Receivable"

All outstanding balances, commonly invoices, that your customers owe to your company.

Accounts receivable (A/R) refers to the outstanding balances that your customers owe to your company. The accounts receivable department is responsible for managing customer invoices and payments.

Accounts receivable management is important because it directly affects your company's cash flow. Poor management of accounts receivable can lead to cash flow problems and ultimately put your business at risk.

To avoid these problems, it's important to have a system in place to efficiently manage accounts receivable. This includes setting up proper billing and invoicing procedures, maintaining accurate records, and following up on past-due payments.

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