How to Manage Receivables?

[Suba]

Business competition is tight so many businesses/companies tend to sell goods on credit. Entrepreneurs need to make credit sales to expand the market and attract buyers' interest so that sales turnover will increase. High receivables will make business liquidity difficult, especially if there are a lot of uncollectible receivables which will further worsen business finances. So entrepreneurs must be able to manage receivables well, so what are your suggestions for managing business receivables so that the business can continue to run smoothly?

 

[Suba]

True, business people must determine receivables policies, have credit limits, create a list of receivables and immediately collect receivables that are due, so that business liquidity will be maintained. Apart from that, we also need to create filters that not all customers can be given receivables.