Enter the accounts receivable amount in the Total this Bill field. Also enter the Billing Date, which is the transaction date in Banner.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. All Accounts Receivable represent valid obligations arising from bona fide business transactions in the Ordinary Course of Business. We have audited the financial statements of the governmental activities, the businesstype activities, the aggregate discretely presented. Accounts receivable is any amount of money your customers owe you for goods or services they purchased from you in the past. The surety who issues the bond may either complete the contract or pay damages up to the bond limit. Accounts receivable are classified as an asset because they provide value to your company. (In this case, in the form of a future cash payment.).