Long Term Accounts receivable (LTAR) is defined as the amount of revenue owed by a company’s customers that is expected to be paid more than one year after the initial transaction. This could include clients who are unable to pay the full amount due at the time of purchase, or those whose payment terms extend beyond one year. LTAR is an important measure for companies to track as it can indicate the overall financial health of their business as well as the likelihood of future income. The ability to collect on LTAR determines whether a company makes a profit or not!