Accounts Receivable
Accounts receivable (AR) definition for contractors. Learn how to track unpaid customer invoices and shorten your collection cycle.
Calculation Formula
Current AR = Σ (Billed but Uncollected Customer Invoices) Real Contractor Example
You have finished three kitchen remodels and sent final invoices of $12,000 each. Your AR is $36,000 until the clients pay.
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.