Accounts Receivable — Collecting and managing overdue invoices
Accounts receivable are amounts that clients owe your business for delivered goods or services for which an invoice has been issued but payment has not yet been received.
Definition
Accounts receivable are amounts that clients owe your business for delivered goods or services for which an invoice has been issued but payment has not yet been received.
Details
Legal B2B payment deadline: up to 60 days (can be shorter by agreement). Statute of limitations: 3 years (5 for executive titles). After due date, you can charge statutory late interest. Levka automatically tracks overdue invoices and sends reminders.
Example
You issued 3 invoices to a client: FA-001 (50K, overdue 45 days), FA-002 (30K, overdue 10 days), FA-003 (40K, still within term). Total receivables: 120K MKD, of which 80K overdue.