Whois & Analysis for transworldsystems.com

Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for.

These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame.

Accounts receivable is shown in a balance sheet as an asset.

It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered.

These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.

A cash flow describes a real or virtual movement of money: a cash flow in its narrow sense is a payment (in a currency), especially from one central bank account to another; the term 'cash flow' is mostly used to describe payments that are expected to happen in the future, are thus uncertain and therefore need to be forecasted with cash flows;

A collection agency, also known as a debt collector or debt collection agency, is a business or other entity that specializes in debt collection, i.e. pursues payments of debts owed by individuals or businesses.

Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.

In finance and economics, a financial institution is an institution that provides financial services for its clients or members.

One of the most important financial services provided by a financial institution is acting as a financial intermediary.

Most financial institutions are regulated by the government.

In economics, a service is a transaction in which no physical goods is transferred from the seller to the buyer.

The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange.

Public services are those that society (nation state, fiscal union, region) as a whole pays for.

Using resources, skill, ingenuity, and experience, service providers benefit service consumers.