Accounts Receivable Collected

Accounts receivable collected refers to the process of obtaining payments from customers or clients who owe money to a business for goods or services provided on credit. It involves tracking outstanding invoices, communicating with debtors to secure payments, and reconciling accounts once payments are received. Effective accounts receivable collection ensures steady cash flow, improves financial stability, and reduces the risk of bad debts, thereby supporting the overall financial health and operational efficiency of the business.