Business & Accounting
Accounts Receivable
Definition
Money owed to a business by its customers for goods or services delivered but not yet paid for. When a freelancer sends an invoice with net-30 payment terms, that invoice amount becomes accounts receivable until the client pays. Tracking accounts receivable is critical for cash flow management because revenue on paper does not pay bills, only collected cash does. An aging report categorizes receivables by how overdue they are (current, 30 days, 60 days, 90+ days) to identify collection problems early.
Related Templates
These SheetCraft templates use or relate to Accounts Receivable:
- Freelancer Financial Hub, All-in-one financial management for freelancers, income tracking, expense categorization, quarterly tax estimates, and client profitability.
- Small Business Bookkeeping System, Simple bookkeeping for small business owners who don't have an accountant, income, expenses, P&L, sales tax, and bank reconciliation.