Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
62% - Often

Accounts Receivable

Synonyms:company revenue, income, invoices
Acronyms &
Filed Under: financial-banking, investments
Tags: accounting

Definition of accounts receivable (A/R, AR)

accounts receivable (A/R, AR)
1. Money owed to a business by purchasers who are not required to make a payment prior to receiving goods and/or services.

Related Terms and Acronyms:

  • accounting period (AP)   The time period used in a set of accounting books or financial statements, often 12 months.
  • accounts payable (A/P, AP)   Money owed by a business for goods and services received.
  • accrued interest receivable (AIR)   When interest on an outstanding receivable has been added to the account, but has not yet been collected.
  • balance (bal.)   The amount of money in your account.
  • billing and accounts receivable (BAR)
  • cost of goods sold (COGS)   An expense that appears on a business's income statement and represents the inventory cost of the goods sold during a particular period.
  • gross profit margin   The difference between the sales your business generates and the costs you pay out for goods.
  • retained earnings   All of the profits or losses accumulated from prior years and from the present year's income statement, minus dividends paid to you.
  • revenue   Money earned by a company from its business activities.

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