Accounts Receivable process made easy with Online Check Writer! You can get paid instantly by requesting eChecks, Printable checks and ACH or RTP via SMS in one click. Compared to credit cards and paper checks, the platform saves you a lot of money and time.
In addition, Online Check Writer provides you with an online banking service named Zil. Pay and Get paid by wire, check drafts, and check by mail service at low transaction fees on Zil.
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Accounts Receivable Definition
Accounts receivable (AR) are the balance of money held by an entity for goods or services delivered or used. Accounts receivable are listed on the balance sheet as current assets. AR is the amount that users have to pay for purchases made on credit. Companies record account receivables as assets on their balance sheets because the customer has a legal obligation to repay the debt. In addition, accounts receivables are current assets, i.e., the balance is due one year or less from the debtor. If a company has accounts receivables, it has made a sale on credit but has not yet collected money from the buyer. The company received a short-term IOU from its client.
YOUR PERFECT ACCOUNTING SOLUTION
- Cutting Cost by Allowing Businesses to use Blank Check Stock over Pre-Printed Checks.
- A single platform to connect all your bank accounts.
- Accept Payments by Phone, Email, Fax & more.
- Detecting Fraudulent Checks
- Send Checks via Postal Service.
- Managing Payrolls.
Manage Your Accounts Receivable
Online Check Writer helps simplify your accounts receivable management by providing your clients with a highly secured platform. You can get paid instantly by requesting eChecks, Printable checks, ACH, and RTP via SMS or email for one-time or recurring payments. This process ensures that the customers are paying their dues on time. Also, you can track clients’ dues in one place and prevent overdue or non-payments. With adequate account receivable management, you can effectively process your credit and improve your account receivable turnover.
FREQUENTLY ASKED QUESTIONS
What are accounts receivable?
Accounts receivable is the amount of money owed by your customer to your company for the purchases they made on credit. It is consider as an asset on your balance sheet. AR is created only when you sell your product or service on credit. With Online Check Writer you can effectively manage your accounts receivable.
What is accounts payable?
Accounts payable (AP) is an accounting term used to describe the money owed to vendors or suppliers for goods or services purchased on credit. Online Check Writer lets you manage your payables with ease and efficiency.
Is accounts receivable an asset?
Yes, accounts receivable is an asset. It is the amount of the money owed to your company, typically from your customers, and this will be converted to cash later. Online Check Writer lets you handle your accounts receivable with proficiency.
Accounts Receivable vs Accounts Payable
Accounts receivable is the amount of money owed by your customers to you. Accounts payable on the other hand is a liability. Accounts payable is the amount we owe to our creditors. You can effortlessly manage your accounts receivable with Online Check Writer.
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