Business, Legal & Accounting Glossary
A generic term for cash coming in, ranging from one invoice to the whole company’s payments received over a certain period.
The action of receiving something or the fact of its being received.
After the quantitative analyst determined that the likelihood of receipts from 90 days past-due invoices was only 5%, the CFO had his staff research collection services.
Last year’s receipts showed a marked increase after the implementation of the customer relationship management program.
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This glossary post was last updated: 15th February, 2020 | 0 Views.