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What are Accounts Receivables


Accounts receivables are the monies due from customers to a company for products/services that have been sold on credit.
These receivables represent revenue and are reflected as current assets on a company's balance sheet. In fact, they rank among the top three tangible assets on most companies balance sheet. If however this asset is not realized in adds to the cost of a company and could have to be written off.
Accounts Receivables are expected to be paid within a short time; often within 10-90 days and definitely within the year. As and when the customers pay their bills receivables, the revenue, get converted into cash.
The process of managing receivables is known Accounts Receivables Management.... (what is Accounts Receivables Management)


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