Plain-English definitions of AI, accounting, and SaaS-finance terms.
Amounts owed to a business by customers for goods or services delivered but not yet paid for.
A financial report categorizing outstanding invoices or payables by how long they have been outstanding, used to manage collections and payment prioritization.
The average number of days a company takes to collect payment after a sale, measuring accounts receivable collection efficiency.
The process of systematically communicating with customers to collect overdue payments, through a sequence of increasingly urgent reminders.
