what is account receivable
US QuickBooks Simple Start : 2009
what is account receivable
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Cidmoore
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09/23/09 1:55pm PDT
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When someone had been billed by you for services or products that you have provided to them and they haven't paid you yet. That is your accounts receivable.
Accounts payable is when you owe someone for something that they provided to you (you bought parts for a project at the local hardware store and they are going to send you a bill for them).
