Intercompany Receivables is the term used to describe monies due from one company to another. A company may be owed money for goods or services provided, or a loan given. The funds are still considered money owing to the original company, regardless of whether it is owed by a related business entity. Proper accounting procedures involving intercompany receivables helps a company maintain proper liquidity, which is essential in running the business efficiently and effectively. Keeping track of receivables provides insight into the financial health of a company, so that any necessary adjustments can be made promptly.