Accounting glossary
What is accounts receivable?
Money customers owe you for sales already made on credit. Receivables are a current asset — real money, just not in the bank yet — and the older a receivable gets, the less likely it is to arrive. Aging reports split balances into 30/60/90-day buckets for exactly this reason.
Example
You invoice a restaurant $1,850 on Net 30 terms. The sale is revenue today, but the money is not in the bank, so $1,850 becomes a receivable — a current asset.
Thirty-one days later it is still unpaid and moves into your 31–60 day aging bucket, which is the signal to call rather than wait.
In SeroBooks
Receivables aging with statements and payment collection built into the same screen. Accounts receivable software →
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