Accounts Receivable (A/R) is one of a series of accounting transactions dealing with the billing of a customer for goods and services they have ordered.
(Receivable) An amount to be received at a future date.
(Receivable) (commercial credit) - credit approved by a supplier to his customer when delivering goods, with the possibility of postponement of payment within an approved time period (30, 60, 90 days or more).
(Receivable (grants, other)) Any collectible (other than loans, which are listed separately) owed or promised to an organization.
(Receivable) The money owed to a business by customers who have contracted to buy goods or services on credit: current assets that convert to cash as customers pay their invoice for those assets.
A Receivable is an amount of money that the hotel must collect. A Receivable may be a Folio or an Invoice.
Found on the balance and income statement, this is what customers owe the company.