Accounts receivable

Last updated: 2022-05-12

The accounts receivable is a type of secondary register that provides an overview of the company’s accounts receivable.

The customer account contains an overview of which customer invoices have not been paid on the date the balance sheet is reconciled.

There is nothing in the Accounting Act that says you need to have a customer ledger. However, it gives you an overview of the company’s customers and accounts receivable. The accounts receivable can also be positive from a liquidity perspective as it gives an understanding of what money is expected to come into the company.