Receivables & payables, also referred to as A/R (Account Receivables) and A/P (Account Payables) refers to outstanding cash currently waiting to be received and outstanding bills currently needing to be paid. The process of managing A/R and A/P can be very taxing, especially if you have little time or limited experience with capital management. As both professional bookkeepers and advisors, Advantage Consultants also provides the service to help you manage your money, saving you more time and stress.