Some companies or organisations draft a professional document called account receivable to clients, when there is money due to be paid by them. Thus, you can say that an account receivable is a written prof and evidence that certain client or customer owes money to the company or corporation. In the business world, it is very normal for a particular customer to pay the money upfront, while sometimes ask the company to draft the account receivable he or she can pay the money in the future. Companies use the account receivable so that they can secure their short term funding easily. One can easily draft an account receivable document on the computer.
An account receivable is a type of the document which the client or the customers agrees to pay at preset date in the future. In order to secure the short term funding people use account receivable format. The recipient of the account receivable is the person who is going to pay the amount while the sender is the debtor to whom the amount is to be paid. Bill of exchange or promissory bills are the generally accepted bill receivable. An account receivable is very important in the business world; therefore, utmost attention is required to draft the account receivable. The account receivable should be a professionally drafted document.