Accounts Receivable
Money owed to the property by tenants or other parties.
Definition
Accounts Receivable is Money owed to the property by tenants or other parties. Teams usually run into it when money is owed, received, or reconciled and the books have to match the real-world balance.
What makes it useful is that cash control breaks down quickly when open items sit too long or never tie back to the bank. The term matters because collections, vendor payments, and close accuracy all depend on it.
Use cases
Use Accounts Receivable to match open balances to actual cash movement before close.
Review Accounts Receivable when the team needs to spot whether receivables, payables, or cash are drifting out of sync.
Track Accounts Receivable so operations can keep settlement work from turning into unexplained month-end noise.