Fit City estimates it will collect $2,300 of the $2,425 owed by customers. The difference of $125 represents the value of current unpaid receivables. Accounts receivable is the amount of money that is owed to a company from them providing goods or a service for someone else. They are receivables because it is money that they need to receive back, in place of what they already gave them. Unpaid balances are reported as current for the period they are deemed to be paid within.