An Explanation of Current Assets
Current assets carry the most value to the small business entrepreneur because of the cash conversion aspect.
Extended Receivables
Extended receivables refers to customers that have payment cycles related to their respective business. In general, their cycles go beyond the typical 30 or 90 days receivable format. They may have their receivables tied to their seasonal operation, an extended due process for payment program, or in some situations due to the dynamics of their organization (so large it takes several signatures on the invoice to process for payment); examples include hospitals, non-profits, and some governments.