FlexiHisab — Online Accounts & Reports
ACCOUNTING GUIDE

Accounts Receivable vs Accounts Payable

Receivables are amounts expected from customers; payables are obligations to suppliers.

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01

Receivables

Sales on credit create customer balances that collections reduce.

  • Customer due
  • Collections
  • Credit notes
02

Payables

Purchases on credit create supplier balances that payments reduce.

  • Supplier payable
  • Payments
  • Debit notes
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