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Accrued Dictionary

Accounts Receivable Aging

By PRETTY BOOKS ON October 8, 2020
Metaphorical definitions of complex accounting terms.

The accounting language is filled with highly technical words and phrases that describe the highly technical job functions of an accountant. The ACCRUED DICTIONARY is a collection of common terms accountants use broken down into easy-to-understand metaphors, jokes, and whimsy. The dictionary cuts through the technical jargon and gives you a metaphorical perspective at what these words mean

Accounts Receivable Aging

Noun. [uh–kounts•ri-see-vuh-buhl•ey-jing]
  1. Accrued Dictionary definition: A company’s self-care regimen. Accounts receivable is the heart of an organization, and collecting those invoices is what keeps the company pumping. This regimen includes exercise, nutrition, and managing stress levels, ensuring the accounts receivable arteries don’t close.

     // If you want your business to grow up big, strong and healthy, pay attention to your accounts receivable aging. 

  1. Textbook definition: A report that organizes customer invoices by due date. The report allows a business to see what invoices are late and who owes them. Invoices are accrued when a company provides goods or services to a client.

     // Invoices that are past due can be found in the accounts receivable gaining report.

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The information provided in this post is for general informational and educational purposes only and is not a substitute for professional advice. Consult your financial, business, or tax advisor with respect to matters referenced in this post. Pretty Books assumes no liability for actions taken in reliance upon this information.

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