Our guide explains the 9 steps to optimize the AR process using accounts receivable flow charts. 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. We are your choice for selling your accounts receivable. We have over 40 reliable years factoring invoices for companies nationwide. We Are Your Solution. Selling your accounts receivable accounts receivable to us will get you the cash you need and provide relief to your customers too. Joe advised that Board that collections continue to be a problem. Also known as the receivables turnover, this number shows how often a company's accounts receivable balance is collected in a given period. In this article, we explore whether accounts receivable is an asset or liability.