A business enterprise needs money to survive. There is a saying that goes thus: money brings money. For a business enterprise to keep providing goods and services to customers, it needs money. Business enterprises are strongly advised to collect receivables as soon as possible. This is because they are needed to ensure that a business keeps growing. There are vital things that a business enterprise should not lack, and one of it is receivables.
The receivables ensure that a business keeps functioning and is able to provide goods and services. The goods and services provided by business enterprises are either created or bought. Both creating and buying the goods demand money and without it, a business cannot acquire anything. Anytime receivables are offered to a business enterprise, it should collect it instantly. The more it delays, the more it is being put in danger of folding up.