Yes, businesses that use accrual accounting record accounts receivable as revenue on their income statement. That's because accounts receivable is considered revenue as soon as your business has delivered products or services to customers and sent out the invoice.
Businesses need to be diligent about tracking their accounts receivable because it's considered revenue. If you're not tracking your accounts receivable with automation, you're also not tracking cash flow - and that's where your business can get into trouble.