The Accounts Receivable Office is responsible for student billing, revenue collections and issuance of 1098-T forms. 1) Accounts Receivable.Is the record accurate? •Has the correct debtor been identified? Accounts Receivable (AR) represent money due for services performed or merchandise sold. The university sells goods and services to internal customers. Accountants use Excel all the time. Accounts receivable (AR) is an accounting term for money owed to a business for goods or services that it has delivered but not been paid for yet. A team member will typically contact you in 24 hours. Accounts receivable turnover fill in the blank 7 fill in the blank 8 e.