The record of money owed to your business for goods or services; that is, invoices for which your business hasn't received payment yet. Accounts Receivable is called A/R for short. (Even though
the word "accounts" is plural, QuickBooks uses a single account on
the chart of accounts to track all outstanding invoices.)
An account that QuickBooks automatically adds to your chart of accounts the
first time you write an invoice. QuickBooks uses this account to track the
money owed to your business. When you write an invoice or receive a payment
from a customer, QuickBooks records the transaction in the register for your
Accounts Receivable account.
Your chart of accounts lists the type of this account as "Accounts
Receivable." If you need to use more than one of this type of account in
your business, you can add additional "accounts receivable" accounts
to the chart. When you have more than one accounts receivable account,
QuickBooks lets you choose the account you want to use when you write an
invoice or enter a customer payment.