The Research On Accounts Receivable Management Of B Company

With the development of Chinese market economy, the competition between enterprises has become increasingly fierce, and the credit sale has become an important means of stimulating sales and fully tapping the market potential for enterprises. However, the research of accounts receivable in our country has just started. Meanwhile, a sound research system has not yet formed, a lot of theory researches directly copy the management mode of advanced West, and the method of accounts receivable management which can adapt to Chinese specific conditions is relatively deficient. At present a large proportion of enterprises lack of the accounts receivable management consciousness. Many enterprises exist a large amount of accounts receivable, which occupies the most liquid assets, and accounts receivable related cost is also increasing. At the same time, corporate profits also showed increasing trend because the accounts receivable is directly related to the company's operating income, which increased the company's tax pressure and appears the decrease of the company's cash flow problems and so on. What's more the normal production and operation of enterprises depends on circulating fund and cash is the basis of good management of enterprises, so it is critical enough to strengthen enterprise accounts receivable management.In recent years, the sales revenue of B company grow steady, accounts receivable are on the rise year by year and grow faster than sales revenue and the liquid asset, the overdue accounts receivable collection is not very mature, which reflecting problems in the accounts receivable management need to solve. This paper attempts to put forward some suggestions for improvement based on the current situation of accounts receivable management. Through combining domestic and foreign research on accounts receivable management and analyzing financial and management quality of B company, I find the company has many problems existing in the management of accounts receivable,and a series of improvement measures are put forward to solve these problems. The proposal consists of three procedures: prior management, middle management, later management. Firstly, prior management, including training related knowledge to employees, setting up an independent credit management department,establishing credit policies and normalizing credit management, rating to credit, etc. Secondly, Middle management, establishing an effective internal control system, strengthening the information communication between different departments, perfecting the internal audit, etc. Thirdly, later management, establishing accounts receivable collection system, accounts receivable factoring, using accounts receivable financing. These measures are proposed by combining the theory with the actual situation of B company, which has strong pertinence. Through the study of this paper, it provides a feasible method to strengthen the management of accounts receivable for B company, reduce bad debt and bad debt losses, reduce accounts receivable risk, raise the fund utilization rate and corporate profitability. What's more, it also provides the beneficial enlightenment for the similar enterprise's accounts receivable management.