Accounts Receivable

Accounts receivable (AR) are the funds that customers owe your company for products or services that have been invoiced. Zil Money's cloud-based accounting platform lets you manage your AR conveniently. You can receive payments by creating payment links by text or email that lets your client transfer money instantly in one click. Also, create check drafts and invoices on the platform and set up one-time or recurring payments from your payees/customers hassle-free.

Accounts receivables are listed under current assets, so they generally come under debit balance. Zil Money is an all-in-one payment solution designed for small businesses. Zil Money makes it easy to automate payments from start to finish, so you can spend less time on payment tasks and more time on working.

Yes, accounts receivable is an asset and represent the money that your customers owe you. Using Zil Money, you can collect payments fast by requesting eChecks, printable checks, ACH, and RTP.

Accounts receivable and accounts payable are both integral parts of accounting. While accounts payable represent liabilities, accounts receivable is a current asset. With Zil Money's easy-to-use, all-in-one payment platform, you can spend less time on tedious tasks and more time on your business.