Accounts Receivable Templates

What are Accounts Receivable?

Accounts receivable relates to the finances that are owed to an organisation from customers who have not paid for their purchases yet. Generally, this refers to invoices that are sent by a company to the customer for payment within a set amount of time. Accounts receivable are recorded on a balance sheet as a current asset, because of the legal obligation for a customer to pay their debt.

The Benefits of Accounts Receivable

Accounts receivable are an important part of an organisation's analysis. Due to the fact that accounts receivable are a current asset, they are vital in helping to determine a company's ability to finance short-term obligations, without having to use additional cash flows.

Using Excel templates to organize your accounts receivable

An accounts receivable template allows an organisation to track payments and stay up to date with sales. Accounts receivable excel templates utilize the functions of excel to create ready to use templates that you can add your accounts receivable data to, in order to process information and manage your accounts.

How are Accounts Receivable different from Accounts Payable?

Accounts receivable represents money that is due *to** a company after a customer has purchased a product or service on credit. Accounts payable is the opposite of accounts receivable - it refers to when a company owes money to its suppliers or other creditors.

You can find out more about Accounts Payable, and view Best Practices and templates, by visiting the page on Eloquens.com !