The Study On The Accounts Receivable Management Of D Company

Accounts receivable is an important current asset of an enterprise.It is a kind of corporate credit right formed by credit sales.Along with the continuous development of China's market economy,the competition in domestic and foreign markets has intensified rapidly.More and more enterprises have increased sales through credit sales to increase their profits and enhance their competitiveness.As a result,a large number of accounts receivable have been formed..If the accounts receivable are not managed,the accounts receivable will continue to increase,the corresponding bad debt losses will increase,the management costs will also increase,the operating profit will be reduced,and the capital turnover will be slow.The impact of this series will increase the financial risks of the company.This is not conducive to the stable development of enterprises.If it can effectively manage the accounts receivable,it can expand the production and operation scale of the enterprise,increase the market share,accelerate the capital turnover of the enterprise and reduce the capital occupation cost,and strengthen the enterprise's risk resilience while improving economic benefits.Therefore,how to effectively manage the collection of accounts is an important issue faced by most enterprise managers.This article takes D company as the research object.As a fine chemical enterprise,D company is affected by the overall economic downturn of the market and the sluggish chemical industry,as well as the national environmental protection policy.In recent years,in order to expand sales and increase credit sales,The scale of accounts receivable has been continuously expanded,and the management of corporate accounts receivable has become increasingly complex and needs to be improved.The research is based on D company's2013-2017 business data and the actual situation of accounts receivable management in recent years.From the comparison of recent years' data and industry average data on the size,turnover rate and age of accounts receivable,the company D is elaborated.The current status of the receivables quality,and at the same time the D company's current business management process and accounts receivable related policy system.Furthermore,it points out in detail the problems that D Company has in the management of accounts receivable: the mutual responsibility of departments,the distortion and rigidity of customer information,the inability to effectively control credit risk,the poor quality of accounts receivable,and the difficulty in recovering overdue accounts..In response to these problems,the root causes of the problems were carefully analyzed from the internal management of D company and the external environment.In view of the root cause of D company's accounts receivable managementproblem,combined with the whole process management theory,it puts forward optimization suggestions in the aspects of pre-event,post-event,and post-event management.In advance management,the company should take preventive control over its risks,including establishing an independent professional credit management department,improving customer information management,and improving the credit management system.In-process control is divided into credit sales process standardization,dynamic monitoring of customers and Receiving payment;finally optimizing post-event management,proposing overdue collection methods and improving performance appraisal mechanism,and strengthening the risk transfer method for accounts receivable.Thus,a more complete set of accounts receivable management system is formed,taking into account the sales growth and making the risk of accounts receivable management within the tolerance range.The conclusions of the study are expected to help D Company to improve the management level of accounts receivable,and provide reference and reference for other companies in the fine chemical industry and companies facing similar management problems.