Business management glossary/Accounts receivable (AR)

Accounts receivable (AR)

General

Money owed to a company by its customers for goods or services delivered but not yet paid. Efficient AR management shortens the cash conversion cycle and reduces the risk of bad debts.

Accounts receivable (AR)

Related terms

Accounts payable (AP)CRMWorking capitalProcurementWork in progress (WIP)Project accounting

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