Do you know that your credit policy is an asset to your business?

Your business has many assets, such as physical items, maybe your building, equipment, items you stock, key employees, your customers and your credit functions.  Many business
owners don’t look at their credit functions as an asset, but your credit
functions are one of the most important assets your business has.  Assets are economic resources owned by a
business.  Anything tangible or
intangible that your business owns is an asset, assets are things of value that
can be easily converted into cash and cash is considered an asset.