Accounts Receivable
The terms behind getting paid: how invoices turn into cash, and how finance teams track and speed up the process.
3 terms
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01
Account Receivable
A current asset account tracking money owed to a business by customers who purchased goods or services on credit.
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02
Days Sales Outstanding (DSO)
Days Sales Outstanding (DSO) measures the average number of days it takes a company to collect payment after a sale is made.
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03
Installment
A payment arrangement where a debt or purchase price is paid through a series of scheduled payments over time.