Management Of The Company Long-term Receivables

Receivables means the payment that enterprise could not receive result from customer is not able to pay; even enterprise had been transfer the ownership of products or service. Receivables belonging to the assets of the enterprise, customer’s credit activities of economic behavior occurred. Cylico (Changyuan Lico) has not a long history; however, it has a rapid development. Effective receivables management has a very important significance for the normal business. If the receivables accounted for a larger proportion of the company’s operating income, it will impact company’s cash flow situation, or lead to problems around the company’s funds, or even a financial crisis. The study about Cylico receivables problems, combined with the company’s specific situation and learn from the advanced management experience, proposed solution phase on to build the receivables management model suitable for long-term lithium Branch, protection sustained and healthy development of the company.According to analyze the related researches and the theories, such as the connotation, risk, and the management tools and methods of receivables, this paper analyzes the current situation and problems of Cylico receivables, and discusses the existing problems in the management of accounts receivable, including the sales contract, light back section phenomenon exists. Weak arrears management capabilities and sales staff, sales and clearing out of line causing sales representatives to a lack of awareness of prevention, the Finance Ministry settlement staff performance appraisal unreasonable; internal control weak Cylico company. Lay the foundation for its receivables management improvements. Related proposals, including the improvement of the management of Cylico receivables to improve departmental accounts receivable management system; establish a sound Cylico receivables management system, to play a supervisory role of the internal audit actively try receivables financing, strengthen the day-to-day management of accounts receivable, and adopt a flexible manner means the collection of accounts receivable.