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.
Promissory note A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financial instrument and a debt instrument), in which one party (the "maker" or "issuer") promises in writing to pay a determinate sum of money to the other (the "payee"), either at a fixed or determinable future time or on demand of the payee, under specific terms. If the promissory note is unconditional and readily saleable, it is called a negotiable instrument.