The receivable account is a current asset account that keeps track of money owed to you. Again, these third parties can be banks, companies, or even people who have borrowed money from you. A typical example is the amount your company owes for goods or services sold to generate revenue. This type of service is provided by our company in Australia.

On the other hand, there are times when a company sells general or services on the account. Again, this means that a transaction is taking place which does not involve cash. This type of account is also called a receipt account. We provide receivable account services in Australia.