For example, a confectionery ordered a batch of products and paid for it in full in advance, but the goods were actually delivered only a week later. This means that the counterparties from the example above change places - the supplier became the debtor, and the owner of the confectionery became the creditor. Any business can have both statuses at the same time.
For example, it is a creditor in relation to its clients and a debtor in relation to the bank where a loan for development was taken. Types of accounts receivable Accounts receivable are classified based on netherlands telegram mobile phone number list who the debtor is and whether there are any overdue payments. Here are the main signs by which you can understand its type: Who is the debtor? Debtors can be clients, tax authorities, suppliers of goods, etc.
When to repay. exceed one year, the receivables are considered short-term. If the repayment period is one year or more, the organization's debt is long-term. Whether the debt is paid on time. When the debtor is late with the payment specified in the contract, it becomes overdue. If the term has not yet come, it will be considered normal in the accounting reports.