Account Receivables

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Accounts Receivable Report

Demonstrates outstanding payments owed by clients and customers.

Daily Accounting Report

This report detects errors and fraud early, updates financial records continuously, enhances cash flow management, and assists in decision-making.

Budget versus Actual Report

This document facilitates the comparison of budgeted expenses with actual expenditures.

Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services renderd that customers have orderd but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame.

Specifically Account Receivable is responsible for

  • Customer Set-up
  • Customer-invoicing
  • Revenue Reconciliation
  • Cash Allocation
  • Sales Tax Return

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