We're going to walk you through how to calculate accounts receivable in this guide. We'll demystify a myriad of different formulas and ratios you need to know.Learn how to record retention receivable and payable, and why it can be essential for your construction business. We get an answer of 1.6. A receivables financing agreement is a type of financial transaction in which a business sells its accounts receivable (invoices) to a third party. In this agreement, an accounts receivables financier would give the company an amount for their receivables at a reduced value. A receivables purchase agreement is a contract between two or more parties, usually a buyer or a customer and a seller. I have a question related to accounting. When we receive cash from clients billed, is it revenue or account receivable? Internal control, and contract administration standards for organizations (CONTRACTOR) that contract with Los Angeles County (COUNTY).