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.

Related Blog Articles

Guide to PEPPOL e-Invoicing
PEPPOL is more than an e-invoicing standard: it is a way to streamline global trade. Its adoption enables companies, large and small, to navigate the complexities of international transactions with ease and efficiency.It offers multiple benefits, such as the automation of e-invoicing, which minimizes errors and increases productivity. Especially for large companies with significant transaction volumes, this can translate into significant cost and time savings.PEPPOL's universality also simplifies cross-border trade,...

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