Reporting and Analyzing Receivables

Receivables can be classified as accounts receivables, trade debtors, bills receivable, and other receivables.

To deal with foreign currency and bad debts, we have a "gain or loss" account and methods to measure the net value of accounts receivable.

Accounts receivable are reported as a line item on the balance sheet and in a more detailed again report.

The receivables turnover ratio measures how efficiently a firm uses its assets.