Credit Policy for businesses and how to extend credit and manage credit risk

Collections from accounts receivables usually represents the bulk of companies cash receipts.  Companies who don't pay attention to their accounts receivables are missing out on all of the income and profit for work that has already been done!

The most effective thing you can do to increase your income immediately is to collect any outstanding receivables. Some other things you can do include making cash sales, selling assets, renting out space you don't use and having that rental income and taking advantage of early payment discounts.