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AR reports provide valuable insights into a company's finances, customer debts, and key accounts. Common types include aging reports, customer reports, DSO, trial balance, credit reports, transaction reports, payment reports, cash reconciliation reports, sales reports, and productivity reports.

An accounts receivable register lists posting sales to and payments from customers. Receivables are assets that represent amounts owed by customers for the purchase of inventory, goods, or services. You can use an accounts receivable register to track and manage receivable transactions.

Accounts receivable (AR) are the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivable are listed on the balance sheet as a current asset. Any amount of money owed by customers for purchases made on credit is AR.

IRS code 971 is listed on a tax transcript when changes are occurring regarding their tax transcript. IRS Publication 971 indicates a spouse being relieved from tax responsibility, such as through innocent spouse tax relief, equitable relief, and separation of liability relief.

We only know that code 971 is a temporary hold on that specific tax period and cannot be automatically levied while a manual process takes place. It's a temporary hold on collections often because of a request for an installment agreement.

Due to the Social Security Number no longer being visible, the IRS has created an entry for a Customer File Number. This is an optional entry that can be used by third parties to match a transcript to a taxpayer. The Customer File Number will be located on line 5b of the Transcript Request Form.

IRS code 571 or 572 with the same date as code 971 indicates the tax return is processed and the tax refund should be received within 3-6 weeks. Different dates between these codes usually indicate a delay in the release of your refund. Code 846 indicates the tax refund has been released and the money is on its way.