An Explanation of Current Assets
Current assets carry the most value to the small business entrepreneur because of the cash conversion aspect.
Aged Receivables
Aged receivables is an accounting report identifying receivables by customer in groups of time. Typically, aged receivables are divided into three distinct groupings. Those that are recent or generally less than 90 days are considered current, those older than 90 days are aged (in some businesses, receivables older than 30 days is considered aged), and extended receivables – those customers with credit extended beyond 90 days due to payment cycles or due to process issues normally found in their industries.