receivables
Payments not collected
Receivables are amounts of money owed to a business by its customers, typically for goods or services already delivered.
The term appears primarily in accounting and finance contexts: The company's receivables totaled three million dollars.
Accounts receivable is the formal ledger category tracking these debts.
Receivables are assets—money expected to come in—as opposed to payables, which are amounts owed to others.
Exceptionally good or unpaid
- overduePast expected arrival
- delinquentFailing in duty
- arrearsOverdue financial obligations
- unpaidNot yet compensated
collections · default · bad debt · uncollectible · write-off · dunning · past due · collection agency
Itemized payment demands
- customersPeople who purchase goods
- salesRevenue from goods moved
- credit salesPurchases with delayed payment
- billingCharging for services rendered
remittance · payment · debtor · balance · credit memo · statement · due date · terms
Breaking into multiplicative parts
- securitizationBundling debts into investable instruments
- collateralSecurity for debt
- pledgingMaking a solemn promise
- assignmentAllocated work or duty
discount rate · recourse · non-recourse · working capital · liquidity · lockbox · concentration · dilution
Financial record book
- journalRecord of daily events
- bookkeepingRecording financial transactions systematically
- reconciliationRestoration of friendly relations
- entriesItems logged or submitted
posting · trial balance · general ledger · double-entry · chart of accounts · financial statements · auditing · fiscal year
Growing older over time
- credit termsConditions governing borrowed purchases
- efficiencyProductive without waste
- velocityDirected rate of motion
- billing cycleRecurring invoicing timeframe
outstanding
Exceptionally good or unpaid
- overduePast expected arrival
- delinquentFailing in duty
- arrearsOverdue financial obligations
unpaid · collections · default · bad debt · uncollectible · write-off · dunning · past due · collection agency · payment terms
invoices
Itemized payment demands
- customersPeople who purchase goods
- salesRevenue from goods moved
- credit salesPurchases with delayed payment
billing · remittance · payment · debtor · balance · credit memo · statement · due date · terms · purchase order
factoring
Breaking into multiplicative parts
- securitizationBundling debts into investable instruments
- collateralSecurity for debt
- pledgingMaking a solemn promise
assignment · discount rate · recourse · non-recourse · working capital · liquidity · lockbox · concentration · dilution
ledger
Financial record book
- journalRecord of daily events
- bookkeepingRecording financial transactions systematically
- reconciliationRestoration of friendly relations
entries · posting · trial balance · general ledger · double-entry · chart of accounts · financial statements · auditing · fiscal year · accounts payable
aging
Growing older over time
- credit termsConditions governing borrowed purchases
- efficiencyProductive without waste
- velocityDirected rate of motion
- assetsproperty, cash, money, investments, bank accounts
- financebank, CFO, banks, controller, finance
- departmentsdepartment, HR department, finance department, legal department, marketing department
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
- accounting termsassets, cash, expenses, equity, retained earnings
- business accountingaccounts payable, accountant, accounts, accrual, balance sheets
receivablespayables
Amounts owed to others
accounts payable · liabilities · debts owed · obligations · debts
- accounts receivableDebts owed to business