To create a new accounts receivable item, click Add AR to this Contract. You will then need to complete the required fields to create a new AR. Enter the.It's the amount that customers owe you for goods or services that they purchase on credit. This guidebook was prepared to help you get started on the road to a successful entrepreneurship and keep you pointed in the right direction. All Accounts Receivable represent valid obligations arising from bona fide business transactions in the Ordinary Course of Business.