Question
For this week's discussion, review the following website http://www.inc.com/guides/finance/20708.html (Links to an external site.). There are various articles about Accounts Receivables and how companies can
For this week's discussion, review the following website http://www.inc.com/guides/finance/20708.html (Links to an external site.). There are various articles about Accounts Receivables and how companies can improve the process of extending credit and collecting outstanding receivables. You can use other online sources as well. Be sure to list them at the bottom of your post. This week you have been asked to consult with a small business owner's startup company. The owner has asked you to develop a "best practice" policy that this company could use with regard to extending credit and collecting receivables. For your initial post, what would you recommend? Do not cut and paste or plagiarise from another source. You should use resources outside the textbook for this discussion, but YOU are the one being tasked with establishing a credit policy for this small business. Support your recommendations with reasons.
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