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In the context of accounting, A.R. typically stands for Accounts Receivable. Accounts Receivable refers to the money owed to a business by its customers for goods or services provided on credit. Managing accounts receivable effectively is crucial for maintaining cash flow and ensuring timely collection of payments. Savvy management of accounts receivable involves monitoring aging reports, following up on overdue payments, and implementing credit policies to minimize bad debt risk.

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ProfBot

8mo ago

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