S Company Accounts Receivable Control Strategy Research

With the continuous development of China’s economy and society, further deepening marketization, the competition between enterprises gradually intensified, in order to occupy the advantage in the market competition, improve the enterprise product market share,expand the scale of business sales,enterprises often take the advance money for the project to improve the enterprise tender bid rate, thereby increasing the income of the enterprise,enhance the competiveness of enterprises. The behavior lead to a large number of accounts receivable and the receivable not only affects the normal turnover of capital and business activities, but also make the enterprise operating results cannot be reflected, artificially increase the risk of the enterprises. Consequently, for the enterprises, how to make the scientific management of accounts receivable, in order to effectively reduce the business risk, and promote the healthy and rapid development of enterprises have became an urgent problem to be solved.On the basis of the relevant theories, this paper combines the domestic and foreign literature on the management of accounts receivable, using comparative analysis,dynamic analysis and other research methods to study the S company’s accounts receivable management. The study revealed that S company accounts receivable management has established the organizational structure, formulate management system and assessment index, but the current situation is worrying. Not only the amount is huge, rapid growth rate, but also the proportion of operation revenue is high and slow turnover,furthermore,there’s a runaway trend. These receivables cause difficulties in capital turnover and thus threaten the company’s normal operation and development. After thorough analysis, S company accounts receivable management is weak, having so many problems, mainly due to pay attention to the payment link and despise the whole process management, the system of account receivable management is not perfect, lack of effective means of daily management, a single means of collection and other reasons. On the basis,in view of the S company accounts receivable management control is weak, from setting up the credit department, clarifying the relationship between departments, strengthen the routine management of accounts receivable,improving the accounts receivable liability system,the establishment of accounts receivable collection management system as well as to play the role of internal audit supervision and other aspects of the proposed countermeasures and suggestions. In this paper, through the construction of accounts receivable control which covers the whole process of pre-action management, on-going management and after-action management to strengthen the S company’s accounts receivable control.