A B C D E F G I L M N O P Q R S T U W
Ac Ad Af Al Am Au
Acc Acq

Accounts Receivable – Trade, Net (SF.BS.AcctsReceivable_TradeNet)

May 5, 2021 Sentieo Support

Accounts Receivable – Trade, Net (SF.BS.AcctsReceivable_TradeNet) refers to claims held against customers for goods sold or services rendered as part of normal business operations.

Value in Accounts Receivable – Trade, Net (SF.BS.AcctsReceivable_TradeNet) is generally calculated as Accounts Receivable – Trade, Gross (SF.BS.AccountsReceivable_TradeGross) deducted by Provision for Doubtful Accounts (SF.BS.ProvisionForDoubtfulAccounts). However, when the receivables are reported net of provision for doubtful accounts, Accounts Receivable – Trade, Net (SF.BS.AcctsReceivable_TradeNet) is used, instead of Gross (SF.BS.AccountsReceivable_TradeGross) and Provision (SF.BS.ProvisionForDoubtfulAccounts).

When a company’s balance sheet does not delineate between current and non-current notes receivables, all are classified as Notes Receivable – Long Term (SF.BS.NoteReceivableLT).

Accounts Receivable – Trade, Net (SF.BS.AcctsReceivable_TradeNet) includes:

  • Rent receivable in real estate operations companies
  • Advisory fees receivable in investment service companies
  • Accounts receivable from unconsolidated subsidiaries, joint ventures, and limited partners
  • Interest receivables in non-banking financial service companies
  • Royalty/franchise fees receivable in franchising businesses
  • Accrued main business revenue (as long as a company is entitled to bill it by the passage of time or upon usage)
  • Receivable from related/due from related parties (when reported as part of Trade Account Receivable)
  • Receivable from affiliate/due from affiliates (when reported as part of Trade Account Receivable)
  • Receivable from associate/due from associates (when reported as part of Trade Account Receivable)
  • Unbilled receivables (for Industrial companies, if reported under Receivables or as a separate line item)

Accounts Receivable – Trade, Net (SF.BS.AcctsReceivable_TradeNet) does not include:

  • Receivables from employees, officers, directors (classified as Receivables – Other (SF.BS.Receivables_Other))
  • Taxes receivable (classified as Receivables – Other (SF.BS.Receivables_Other))
  • Receivable from related/due from related parties (when reported outside of Trade Account Receivable) (SF.BS.Receivables_Other)
  • Receivable from affiliate/due from affiliates (when reported outside of Trade Account Receivable) (SF.BS.Receivables_Other)
  • Receivable from associate/due from associates (when reported outside of Trade Account Receivable) (SF.BS.Receivables_Other)
  • Any receivable that is not considered a “trade” receivable
  • Loans (receivable) (net of provision for loan losses) in non-banking financial service companies (classified as Notes Receivable – Short-Term (SF.BS.NotesReceivable_ST))
  • Receivables from stockholders (classified as Receivables – Other (SF.BS.Receivables_Other))
  • Unbilled utility revenue (classified as Unbilled Utility Revenues (SF.BS.UnbilledUtilityRevenues) for Utility companies)