TL;DRMoney customers owe you on invoices you have sent and they have not yet paid.
AR is the pile of sent, unpaid invoices. Drafts are not receivables; neither are invoices that are final but unsent. Sonic's AR and overdue metrics only count documents that actually reached a customer.
A deposit matched to an invoice takes it out of AR. An unmatched deposit is cash that landed but is still being chased — the most expensive kind of mistake.
Where it happens in Sonic
Next
See it on your contracts
A walkthrough on the agreements and files you actually bill from — not a slide deck.