Manage
accounts receivable
for your small business

Use Bookipi for simple invoicing and manage your small business’ account receivable. See how easy it is to track unpaid invoices & manage accounts receivable for your small business.

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Why you should use Bookipi to help manage your accounts receivable

Bookipi helps you with small business bookkeeping and managing your cash flow without needing technical or accounting knowledge. You don’t need complicated accounts receivable software as a small business when you use Bookipi’s combined invoice generator and tracker.  

It’s simple to manage accounts receivable as a small business with Bookipi. Use Bookipi to invoice your clients, see what invoices are outstanding and follow up on payments.  

Got questions? Head to our FAQs.

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What is accounts receivable?

Accounts receivable is an accounting term that refers to outstanding invoices. The accounts receivable amount is money owed by customers to your business after you’ve provided goods or services but haven’t been paid yet by customers.

Accounts receivable are also known as receivables, AR or trade debtors.

Accounts receivable examples

The easiest way to think about accounts receivable is the amounts on your sales invoices that have not been paid for by customers. 

Usually accounts receivable refers to amounts expected to be paid within a year or less.

Invoicing and account receivable example

Say you were an electrician that is working on a trades project over 3 months for a client. 

  Any unpaid invoices or client bills will represent the accounts receivable in your small business.

 In accounting terms, you’d record unpaid invoice amounts as current assets in your general ledger and balance sheet. 

 

How to do accounts receivable for small business

Use Bookipi to automate billing & payments

Save time with Bookipi by automating your invoicing process to send out bills on time, every time.

Bookipi automates sending small business sales documents. Send estimates, convert estimates to invoices & issue instant receipts in one spot. 

Enable tracking & integrated card payments

Monitor which invoices have been paid to stay on top of your cash flow. 

It’s easy for small businesses to follow up on outstanding invoices, chase up clients with automated payment reminders and to get your invoices paid

Easiest accounts receivable reports for small business

It’s easy to sort, search and export your invoice history to make reports like accounts receivable aging reports. 

Get insights into payment trends for better accounts receivable management and small business decision-making.

Frequently Asked Questions (FAQs) about accounts receivable for small businesses

Accounts receivable are the amounts owed by customers on your unpaid sales invoices. The amounts on your invoices become part of your customers’ accounts payable.  

Accounts receivable and accounts payable are simply two sides of the same sales transaction.  Accounts receivable are an asset on your balance sheet or general ledger.

Having an efficient account receivable process is important to maintain healthy cash flow for your small business. By knowing what invoices are paid versus unpaid or overdue, you can stay on top of money coming into your business.

Identify upcoming and outstanding invoices in one spot and follow up unpaid invoices to ensure quicker payments. 

Sending accurate and professional invoices also helps create a positive experience for your customers.

Use invoicing software like Bookipi to save time through automation.

Try Bookipi to see why thousands of global freelancers and small businesses trust our invoicing solution. Simplify your small business’ reporting and account receivable process.

An accounts receivable aging report shows outstanding invoice balances and helps you identify overdue invoices.

Accounts receivable aging schedules are a breakdown of your small business’ accounts receivable into invoice payment due date or ‘age’ categories.   

You can use Bookipi to make and send invoices, and store your small business’ invoicing history in one spot. You can make an accounts receivable aging report in a few steps using Bookipi:

  1. Export your invoice history in CSV format to review all outstanding invoices using Bookipi web app
  2. Categorize and sort invoices according to the aging schedule. You can use our automatically generated invoice numbers and invoice payment dates to sort invoices.
  3. Create a list of your outstanding invoice balances with relevant invoice information like customer name, invoice payment due date.  
  4. Sort invoices according to the number of payment days outstanding or invoice due date

Easiest invoicing & accounts receivable process

How to send an invoice on web app

Read our simple user guide for making & sending an invoice on web app

Sending invoices on mobile app

How to make invoices on mobile app (iOS & android) with real-time data syncing with web app

Tips for managing small business finances & bookkeeping

Get small business tips for invoicing & managing finances.