New bank account for business, how to answer the question "How will you process your receivables?"?
February 26th, 2010 | 
Author: I am setting up a new bank account for my new business and the bank manager wants to know "how will you process your receivables?".
How do I answer this question?
By Receivables they mean "Accounts Receivable" or the money owed to you by customers. Not all businesses operate credit terms but those that do either manage the AR themselves, use a third party or using some factoring services.
Posted in new business
By Receivables they mean "Accounts Receivable" or the money owed to you by customers. Not all businesses operate credit terms but those that do either manage the AR themselves, use a third party or using some factoring services.
References :
http://www.experienced-people.co.uk/1058-due-diligence/earnings-analysis-tools.htm