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Accounts Receivable

Topics: BeaBu Glossary > A      

Accounts receivable as an accounting term represent all money that the company’s customer owe to that company.
Accounts receivable increase when the company sells its products or services, but agrees with the customer to collect the cash later.
Accounts receivable decrease when the company’s customers repay the money owed.
In general having too much money in accounts receivable [...]

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Accounts Payable

Topics: BeaBu Glossary > A      

Accounts payable as an accounting term represent all money owed to the company’s suppliers. Accounts payable are one of the company’s sources of financing and influence the company‘s working capital.
Accounts payable increase when the company buys materials and other things used in its operational activity without paying for them in cash at that moment.
Accounts payable [...]

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