What is ‘Accounts Receivables’?
As part of getsix® ‘Business Process Outsourcing’ we offer to do your ‘Accounts Receivables’. This refers to the invoices owed to you by customers, which can also be called ‘receivables’, ‘trade debtors or ‘AR’.
A simple way to consider this would be to think of ‘Accounts Receivables’ as a sales invoice that your customer has not yet paid.
If you sell your products or services to a customer on credit and send them an invoice for the sale, the amount your customer owes you from that invoice is part of your ‘Accounts Receivables’. In your customer’s records, that invoice will be part of their ‘Accounts Payables’. In this way, ‘Accounts Payables’ and ‘Accounts Receivables’ are two sides of the same transaction.
‘Accounts Receivables’ might also refer to a person or team in charge of receiving or chasing up payments owed to your business. Your 'Accounts Receivables’ might want to talk to a customer who is overdue on their payment to you.
