Invoicing

    Accounts receivable (AR)

    Money customers owe you for invoiced but unpaid work.

    Definition

    AR is an asset on your balance sheet. Healthy trades keep AR turnover under 45 days. Glo Invoice's dashboard surfaces AR by customer and by age.

    Related terms

    Accounts payable (AP)

    Money you owe suppliers for goods or services received but not yet paid.

    Aging report

    A summary of unpaid invoices grouped by how overdue they are.

    Cash flow

    The net movement of cash into and out of a business over a period.