Accounts Receivable. We help businesses get paid faster with fewer trips to the bank and much easier receivables controls.The concept is simple: accounts payable represents money you owe, while accounts receivable represents money you are owed. But there's more to it than that. Contact one of our executives today or fill out an application to get a quote. Question: Stephanie Stouse is an attorney in Los Angeles. Stouse uses the direct write-off method to account for uncollectible receivables. Enter your total taxable and nontaxable sales for the reporting period, including lease and rental receipts. Factoring is the sale of pending invoices (accounts receivable) at a discount to a factoring company like Business Factors. If you don't receive cash for your good or service at the point of sale, the amount is added to your accounts receivable account.