In ERP, accounts receivable is the name for the part of the system that manages money that a company is owed by its customers. It keeps track of invoices, monitors when payments are due, automatically bills customers, and records payments as they are received. This means that payments are collected on time, there are fewer mistakes, and you can see what is still owed to you and when. By connecting with other ERP functions like sales and finance, accounts receivable helps improve cash flow, manage credit, and support accurate financial reporting.
