Managing Your Accounts Receivable

Small Business Financial Management

Small Business Financial Management
Professional Instruction easy to use
Learn at your own Pace

Critical information designed to increase profits. Cash management, sources of financing, accounts receivable management, business advisors, and methods to reduce risk.

Estimated program length : 10 Hour(s).

Small Business Financial Management Only $59.95 Buy Now
Managing Your Cash Financing Your Business Managing Your Accounts Receivable Seeking Advice Managing Risk
g

Keep track of your accounts receivable.

Module Outline

Managing Your Accounts Receivable is one course in a five-part series on Financial Management for Small Business. The series is designed to help business owners increase their profits by improving their financial management skills. An account receivable is most valuable when it is turned from a receivable into actual cash - that is, when the account is collected. In this course, you will examine the benefits and disadvantages of granting credit to business customers, and look at some criteria for deciding which customers are creditworthy. You will also find out about the importance of monitoring your accounts receivable and of developing a clear and consistent collection policy.

Learning Objectives

On completion of this 2 hour module you should be able to:

Define accounts receivable.
Discuss advantages and disadvantages of granting credit.
Identify criteria for establishing credit worthiness.
Briefly describe the relationship between your credit policy and your cash flow.
Define accounts receivable aging report and explain what it is used for.
Discuss the reasons for establishing a formal collection policy.
Skill Set

FINANCIAL
SMALL AND MEDIUM-SIZED BUSINESS MANAGEMENT