Yes Is Accounts Receivable A Current Asset? , accounts receivable will be considered current asset. It is the short-term finance given to the customers and usually do collect it within a year. This amount could be transformed into cash in very near future and that is why it is classified in the balance sheet, under current assets. Accounts receivable management becomes important as it allows a company to stay liquid and free of cashlessness. AR tracking is also done properly in order to achieve effective financial forecasting that enables companies to make sound business decisions in terms of operations, investments, and budgeting.