Top 12 Sample Receivable Templates in MS EXCEL

Free and editable receivable templates are available on this site to download and use. Account receivable which is also named as receivable is an account created for clients and customers through the use of credit. Generally, receivable is an asset title pertinent to all debts, unsettled transactions, or other financial accountability owed to a company by its clients or borrowers. It is recorded by a firm’s accountants and recorded on the balance sheet, and consists of all debts unpaid to the company, even if they are not due presently. If you are creating this account for the first time in your company record then better get help from a receivable template.

Customers are given a couple of days, often fifteen days to pay the receivables however, the customers who are engaged in long-term business relationships are given a year or more. If a company believes that the receivable amount not going to be paid, it is transferred to a contra account under the title of allowance for doubtful or bad debts accounts. The allowance is based on the number of receivables that didn’t receive from the previous time period. A receivable template enables a person to manage their due balances easily and effectively as well.

Moreover, it is basically a current asset for a company and is supposed to be paid within a short span of time, often 10, 30, or 90 days. The account after necessary adjustment, goes to a current asset section in the balance sheet assuming that they are due within one business or fiscal year. If you are looking for a tool that will enable you to keep a record of your dues to receive, then utilize our free and editable receivable templates, which are available below in a great variety. Go ahead and take a look at these templates given here.