What is Accounts receivable?
Work delivered is not money received. Receivables are the gap, and for most small businesses that gap is the single biggest cause of a cash crisis.
Money
The definition
Money customers owe you for work already delivered but not yet paid for.
An example
Invoice $10,000 on 45 day terms and you have carried the cost of that work for a month and a half before you see anything.
Related
Questions people ask
What is Accounts receivable?
Money customers owe you for work already delivered but not yet paid for. Work delivered is not money received. Receivables are the gap, and for most small businesses that gap is the single biggest cause of a cash crisis.