Question

Discuss various dimensions of receivable management?

Answer 1

Dimensions of various receivable management, It involves the following aspects :

Forming of credit policy whereby credit to only credit worthy customers will save costs like bad debt losses.

By liberalizing credit policy the sales will be increased.

Customers who are paying well should  certain discount.

Executing credit policy, this is after formulating credit policy proper execution is very important.

Collecting credit information of the customers is the first step in implementing credit policy.

Formulating and executing collection policy, it is termed as strict and lenient.

A lenient policy may prevent bad debt losses and also increase the debt collection period.

Strict policy of collection will involve more efforts of collection and it also enables early collection of dues and will reduce bad debt losses.

Answer 2

The receivable management refers to the various forms of investments, assets, term deposits, rent which is receivable and more. These receivable help in increasing the profits and finances of the company

Explanation:

• Receivable management refers to the kinds of investments that the enterprises make to increase their finances. These investments are used for increasing the sales and for maximizing the profits.
• The receivable management is a method to ensure that the people clear their payments and there are no over dues in form of receivables by the company. Receivables also refer to the method of clearing loans and rents that are due.
• The receivables can be termed as the various forms of 'notes' that are to be received, 'accounts' that are 'receivable, and other forms of receivables that affect the investments in form of money due from the other assets.  

To know more about receivable management

What are the objectives of receivable management?

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