Fixed Assets are all around us at the workplace. The company's laptop that you are currently using, the projector in the conference room, and even the coffee machine in the pantry - they are all Fixed Assets!
Accounts receivable is money that your customers owe you for buying goods and services on credit. Your accounts receivable consist of all the unpaid invoices or money owed by your customers. Accounts receivable are recorded as an asset on your company’s balance sheet.