Accounts receivable

Learn how Monite helps with accounts receivable automation.


Accounts receivable refers to the money owed to a company by its clients for products or services that have been delivered, but not paid for yet.

Some of the document types used in accounts receivable are:

  • Invoice - a request for payment that lists the products or services that were delivered, and the amount due.
  • Quote - a formal offer that details how much the products or services will cost, before the client commits to a purchase.
  • Credit note - reduces the amount due on an invoice.

With Monite API, partners can automate the accounts receivable processes for SMEs so that they can:

  • Generate branded invoices, quotes, and credit notes.
  • Send the documents via email, or generate a PDF.
  • Have payment reminders sent automatically to the SME's customers.
  • Track the document status (for example, issued, paid, or expired).

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