Cash collection Accounts receivable is the recovery of cash with which you have issued a commercial document relating to what?
Invoice An invoice, bill or tab is a commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices for products or services the seller had provided the buyer.
Record to report Record to report or R2R is a Finance and Accounting (F&A) management process which involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic, financial and operational feedback to understand how a business is performing. It covers the steps involved in preparing and reporting the overall accounts which are typically stored in a general or nominal ledger and managed by a Comptroller. The detailed steps involved are: