The Research Of SJ Construction Engineering Company On Accounts Receivable Management

With the "Thirteen Five-Year Plan" vigorously implemented,urbanization and infrastructure construction is increasingly developing.Building construction engineering companies also grow,making the construction engineering industry to show the buyer's market and more intense competition in the industry.They have to advance a lot of money to build with the use of credit sales.However,the construction engineering industry related laws are not perfect and the market is lack of credit.Developers are accustomed to arrears so that the construction engineering industry cannot receive the money has become a phenomenon.Faced with the fierce competition in the industry,SJ construction engineering company would rather accept the harsh conditions of developers to advance a lot of money to build the project,but not to improve accounts receivable management level to adapt to the environment.Accounts receivable of SJ construction engineering company take up a lot of money throughout the whole contract process,and even continue to the end of the project a few years later.The long-term existence of a large number of accounts receivable reduce the company 's cash flow capacity,and bring risk to the business continuity.This article use theoretical deduction,case study and quantitative analysis to analyze SJ construction engineering company as the case.Research SJ construction engineering company accounts receivable,including the current accounts receivable management system and accounts receivable financial data,such as accounts receivable surplus,the ratio of accounts receivable accounts for current assets,accounts receivable operating turnover efficiency,expected bad debts of accounts receivable.This article also analyze the problem in the management of accounts receivable in SJ construction engineering company,and the reasons for the formation of accounts receivable management,including responsibilities division,system,information construction and other internal causes,and finally for the SJ construction engineering company to design a whole process of accounts receivable management program.It is hoped that this article will help SJ construction engineering company to recognize its shortcomings of accounts receivable management,and improve accounts receivable management in the corresponding aspects,so as to reduce the capital occupation and improve the turnover capacity of SJ construction engineering company to achieve the sustainable development of enterprises.SJ construction engineering company is a large state-owned company in this article.So the research of SJ construction engineering company on accounts receivable management is quite representative.The research can make up for deficiencies and provide a certain reference to the management of accounts receivable in China's other construction engineering company.So the study of this paper has a certain value.