Results for tag: "Accounts Receivable"

Accounts Receivable (AR) is a term used in accounting to refer to money owed to a business by its customers. It is a form of credit that is extended to customers when they purchase goods or services from the business. AR is typically recorded in the balance sheet as an asset, and is used to measure the liquidity of a business. AR is typically managed by the accounts receivable department, which is responsible for tracking customer payments and issuing invoices. The AR market is an important part of the accounting industry, as it helps businesses manage their cash flow and ensure that customers are paying their bills on time. It also helps businesses to identify potential risks and opportunities in their customer base. Some companies in the AR market include Intuit, Sage, Xero, and FreshBooks. Show Less Read more