Procedures will include review, analysis, and corrections of the accounts receivables reflected on the Aging of Accounts Receivable Report, Customer 1 account,. Is the record accurate?•Has the correct debtor been identified? Accountants use Excel all the time. Accounts receivable (AR) is an accounting term for money owed to a business for goods or services that it has delivered but not been paid for yet. Fill in the necessary fields. Check the Billable box, then select the customer. In this video I'm going to teach you how to use QuickBooks Online to manage your accounts payable and your accounts receivable.