Accounts receivable

Accounts receivable is the money customers owe a business for goods or services it has already delivered but not yet been paid for — the sum of every open invoice.

How it works

• The business delivers, then issues an invoice on agreed terms such as Net 30.
• The amount sits in accounts receivable as an asset until the customer pays.
• When cash arrives, it’s matched to the invoice and the balance clears.

Receivables are the flip side of accounts payable — your receivable is your customer’s payable.

Why it matters

AR is revenue you’ve earned but can’t spend yet. The longer it sits unpaid, the more your own cash flow strains — and a growing pile of aged invoices is where a profitable business can still run out of money. Chasing it manually eats hours and rarely gets faster.

How Fynex does it

Fynex auto-issues branded payment links, runs recurring billing in multiple currencies, and auto-reconciles each payment back to your books. Because collections are automated, your receivables get chased on time without you sending a single reminder. See Invoicing & Collections.