Customer Accounts Receivable is an essential part of any business’s financial health. It reflects the amount of money owed to a company by its customers for goods and services purchased on credit. In other words, Accounts Receivable are the IOUs that your customers sign and commit to paying you back. The importance of maintaining accurate and timely customer accounts receivable records can not be overstated: it has a direct impact on your cash flow, profits, and ultimately, the success of your company.