The Accounts Receivable Account is a record of all money owed to a business. It is a fundamental part of the company’s financial accounting system and is used by businesses to track and monitor their incoming payments. In simple terms, it is the amount of money that customers still owe for goods or services provided by the business. A well-maintained Accounts Receivable Account ensures that a business can keep tabs on its debts and get paid in a timely manner. Keeping an up-to-date and accurate Accounts Receivable Account will therefore benefit any business and help ensure cash flow remains healthy.