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Accounts Receivable Systems

oboloo Glossary

Accounts Receivable Systems

Accounts Receivable (AR) systems are automated systems that store customer data, manage billing processes, and track payments from customers. These systems help businesses streamline their bookkeeping processes while also helping to keep accurate records of each transaction. By utilizing an AR system, businesses will have access to detailed reports on customer activity, invoices, collections, amounts owed, etc. Thanks to these powerful systems, businesses will no longer have to manually track accounts receivable. Instead, they can quickly and easily view all data in one place, freeing up time and energy to focus on tasks that really drive growth.

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