Businesses often deal with a variety of different accounts receivable types, and it’s important to know what these are in order to effectively manage cash flow. Generally speaking, an account receivable is any amount of money that is owed by a customer or client that the seller has the right to collect. Types of accounts receivable can include invoiced payments, credit memos, pending sales revenue, returned items and more. Depending on the nature of the business, there may even be multiple categories for each type of account – for example, a bakery might have separate invoices for cakes and cupcakes. Understanding the different types of account receivables can help businesses track their income and keep their finances organized.