Accounts Receivable

Accounts receivable is a legally enforceable claim for payment from a business to its customer/clients for goods supplied and/or services rendered in execution of the customer's order. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
Posts about Accounts Receivable

    … the Department liable to the factor for these payments, hence the risk of double payment. If you receive notification from a factor requiring you to make payment directly to it under an account receivable you owe to another, do NOT ignore it. You do not want to be on the hook twice for the same payment. Please contact David Adelstein at or (954) 361-4720 if you have questions or would like more information regarding this article. You can follow David Adelstein on Twitter @DavidAdelstein1. …

    Florida Construction Legal Updates- 10 readers -
  • TARP Fraud Ripe For Whistleblower Lawsuits

    … increasing sales. The men used the fake accounts receivable to borrow money from UCB and later East West Bank after UCB went under in 2009. Fan has also been indicted but remains at large. FIRREA Claims Defrauding a federally insured bank can also pay whistleblowers. Under the FIRREA statute (Financial Institutions Reform Recovery and Enforcement Act…

    Due Diligence- 13 readers -