Accounts Receivable Cash Basis is a method of accounting used to record and track the payments that customers owe. It helps businesses keep tabs on their cash flow, as well as any money owed by clients for goods or services. The key to utilizing this system is having a clear understanding of when invoice payments are due, and then tracking them until payment has been received. By consistently monitoring incoming payments through Accounts Receivable, businesses can maintain better control over their finances and ensure that they’re prepared to meet their financial obligations.