Accounts Receivable

The balance of money owed to a business for products or services delivered or utilized but still not paid by clients is known as accounts receivable (AR). On the balance sheet, accounts receivable are shown as a current asset. Any sum of money that clients owe for purchases they made using credit is known as AR.

Money owing to the company by clients for purchases made is represented by accounts receivable. The collection of a company’s accounts receivable is the responsibility of the accounts receivable department, which also contributes significantly to the flow of income into the company. Thus, adhering to the accounts and receivables helps to establish a healthy cash flow to sustain the company.

Sellanti FS helps in establishing structured credit policies in place. Invoicing is also the key element of AR and we make sure to document it in a way that provides sufficient clarity of transactional information.