Net realizable value (NRV) of receivables is an accounting term that refers to the expected future value of a company’s accounts receivable. It is calculated by subtracting the allowances for doubtful accounts and the costs of collection from the company’s current accounts receivable balance. By looking at the net realizable value, companies are able to accurately assess their accounts receivable and get a better picture of their financial health. The NRV of receivables is an important part of running a successful business and can help you determine whether or not your cash flow will remain steady over time.