Business Forecasting
Accounts receivable refers to the money that a company is owed by its customers for goods or services that have been delivered but not yet paid for. This asset is crucial for managing a company's cash flow, as it indicates future cash inflows and can impact overall financial health. Proper management of accounts receivable is essential to ensure timely collection and maintain liquidity.
congrats on reading the definition of Accounts Receivable. now let's actually learn it.