What goes in accounts receivable and what goes in fees earned?

Accounts receivable includes amounts owed to a business by customers for goods or services provided on credit. It represents outstanding invoices that are expected to be collected in the future. Fees earned, on the other hand, refer to the revenue generated from services rendered during a specific period, recognized when the service is performed, regardless of when payment is received. Essentially, accounts receivable reflects the money due, while fees earned represent the income earned from those services.