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{{this}} is a [[t:GL|Subledger]] in which all credit sales are recorded upon creation of [[t:Invoice|Invoices]] for products or services. In [[FAR|Financial Reporting]] {{this}} is the amounts due from customers who have purchased products or services on credit. The amount in reported in {{this}} represents the unpaid portion of invoices.

The primary document recorded in the {{this}} ledger is the customer invoice. Credits issued to customers [[t:CN|Credit Notes]] are also recorded in the {{this}} ledger. Debits for additional amounts are recorded as [[t:DN|Debit Notes]] or separate invoices.

A typical entry in the {{this}} includes:
* Invoice number
* Invoice date
* Invoice due date
* Customer number or name
* Product or service item number, SKU or name
* Total amount
* Sales tax amount - if applicable
* Payment status
The total amount in {{this}} allowed to an individual customer is typically limited by a credit limit, which is set by the [[t:Seller|Seller's]] credit department, based on the [[t:Seller|Seller's]] assessment of [[t:Risk]].
{{Object
|name=Accounts Receivable
}}
[[Category:Term]] [[Category:Finance]][[Category:Sales & Support]][[Category:Supply Chain]]
<ins>
[[Link::t:CSFP]]
[[Link::m:AE11]]
[[Link::m:AE111]]
[[Link::m:AE112]]
[[Link::m:AE113]]
</ins>

ORwiki at 00:15, 11 March 2017

2017-03-11T00:15:38Z

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t:AR - Revision history

Orwiki: 1 revision imported

Orwiki: 1 revision imported

ORwiki at 00:15, 11 March 2017