Assessing creditworthiness of new or potential customers
Very loose or flexible credit terms to encourage sales
Offering discounts to encourage faster payment
Regular aged receivables analysis
Money market chequing accounts
Certificates of deposit (CDs)
Travel advances to employees
A current asset.
A contra account.
A non-current asset.
A current liability.
Avoid frequent changes in catalogues.
Quote different prices for different quantities purchased.
Encourage faster payment.
Hide the true invoice price from competitors.