Accounts receivable are any assets that are owed to another company. Receivables can be found on a company’s balance sheet and the time it takes to cover the amount owed on these receivables varies. If company B sends a product to company A and is waiting for company A to send them cash, company B’s accounts receivables have increased because its cash has not be sent.
Odell Beckham is the king of the one hand catch. It wouldn’t be surprising if Beckham decided to make a specific football glove with a company like Cutters or Nike to help build his brand. If Beckham embarked on this venture he would have to sell the product to retail stores like Dicks Sporting Goods. If Beckham sent 10 boxes of his special, prime time gloves to Dicks’ before Dicks’ sends him money for the product, Beckham’s accounts receivable have increased. Once Beckham is paid for his gloves, his accounts receivable will then decrease. Accounts receivable must be managed accordingly by accounting experts.