Accounts Receivable Statement Clause Samples
The Accounts Receivable Statement clause requires one party, typically the seller or service provider, to provide a detailed summary of outstanding invoices or amounts owed by the other party. This statement usually includes information such as invoice dates, amounts due, payment terms, and any overdue balances, and is delivered on a regular basis, such as monthly or quarterly. By formalizing the process of reporting receivables, this clause ensures transparency in financial dealings and helps both parties track obligations, reducing the risk of disputes over unpaid amounts.
Accounts Receivable Statement. Upon Distributor’s request, the Company will provide Distributor with a monthly accounts receivable statement of all open transactions.
Accounts Receivable Statement. Supplier agrees to provide ABC with a monthly accounts receivable electronic statement for all open transactions when capable In the interim Supplier will supply ABC with an excel spreadsheet of accounts receivable open transactions.
Accounts Receivable Statement. Supplier agrees to provide AmerisourceBergen with a monthly accounts receivable statement of all open transactions.
Accounts Receivable Statement. Within 120 days after the Closing Date, the Buyer (or the Company on behalf of the Buyer) will prepare or cause to be prepared, and will provide to the Sellers’ Representative, a written statement (the “Accounts Receivable Statement”) setting forth in reasonable detail its calculations of the (i) Closing Date Accounts Receivable and (ii) Closing Cash.