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if youre thinking about applying for a job in accounts receivable you may be wondering what exactly an accounts receivable specialist does on a day-to-day basis well accounts receivable refers to money owed to a business from third parties such as customers other businesses and anybody else so people who work in accounts receivable jobs help manage these receipts lets take a large law firm as an example lawyers at the firm will typically advise clients on legal matters and send them an invoice at a later date they give their clients payment terms of 30 days which means the clients have 30 days to pay without incurring any penalties such as interest or late fees because the invoices are not paid for immediately the law firm is effectively selling their services on account to their customers and because the money needs to be received at some point in time each invoice becomes an accounts receivable item in the law firms accounts the process of issuing the invoices to clients and chasi
