# Receivables

### Receivables

Receivables are amounts **owed to your institution** by individuals or other entities (debtors). These can be things like rent owed, branch transfers, or money expected from customers or partners.

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#### How it works

* When registering a receivable, you select the **Debtor** and the **Affected Income Account**.
* Just like with creditors, you only add a debtor once — then it stays saved and you can select it in the future.
* You enter the **amount receivable**, reference number, expected payment date, and any comments.

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#### Collecting a Receivable (when the money is received)

When you receive the money, you clear it under **Accounting → Register Journal Entries** by searching for the same receivable account and entering the amount collected.

#### Reversals

If a receivable needs to be cancelled:

* Scroll to the far right
* Click the **three dots (⋮)**
* Select **Reverse**
* After approval, it will also show a **red strike-through**, indicating it has been reversed.
