Accounting receivable process is a critical part of any organization’s financial management system. It involves the tracking, monitoring and managing of amounts owed to the company by its clients, ensuring that payments are received on time and accurately. The process also entails maintaining records of accounts receivable transactions and monitoring invoices and any adjustments made to them. Accounting receivable processes are often integrated with other business functions, such as sales and collections, to ensure efficient use of resources. By keeping a close eye on accounts receivable processes, companies can make sure they get paid in timely manner while reducing costs related to debt collection.