Amounts owed by customers, and the work of recording and collecting them.
Accounts receivable follows money due from customers through invoicing, payment allocation and collection. Staff issue or process invoices, match incoming payments to the correct customer records and investigate unpaid or disputed amounts. A sale can therefore appear in the accounts before the customer has paid. Once payment is received and allocated, the outstanding receivable is reduced. This differs from accounts payable, which handles obligations to suppliers. Accurate allocation matters because receiving money does not by itself establish which invoice or customer balance that payment settles.
In job listings
Rimowa’s Financial Accountant role in Cambridge required managing and processing accounts receivable, including all intercompany invoicing and reporting to management. This example places receivables work within a wider accounting role and shows that the invoicing could concern transactions between companies in the same group. Search local jobs for “accounts receivable”.
