Research On Accounts Receivable Management Of YL Construction Company

With the rapid development of China's economy and society,people pay more and more attention to the investment in health.Hospitals shouldering the mission of health care must become an important aspect of health investment,and it is also necessary to meet people's needs through continuous upgrading and expansion.In the face of the market demand,medical construction engineering construction enterprises have sprung up like bamboo shoots after a spring rain,the industry competition is increasingly fierce.In such an environment,many medical construction enterprises,in order to maintain their competitive advantages,advance a large number of funds in the process of operation,and the collection of accounts receivable will often encounter such as customer delinquent project payment phenomenon.The increasing receivables of medical construction enterprises have become a universal and important problem that enterprises must face.Therefore,improving and strengthening the management level of accounts receivable of medical construction enterprises is of great significance to reduce the financial risk of enterprises and realize the sustainable development of medical construction enterprisesYL construction is a major construction and medical liquefied gas sales company for major hospitals and large state-owned enterprises in Shanxi Province.In order to expand the market,the company adopts the sales method of credit,which leads to excessive credit sales in the early stage.In addition,the characteristics of long project cycle,large amount and long payment cycle of downstream customers in the medical industry determine the poor capital turnover capacity of the enterprise,which causes certain financial pressure to the enterprise.The level of credit management is closely related to the ultimate business objectives of the enterprise.YL enterprise lacks credit management of its customers in the early stage,resulting in the continuous accumulation of accounts receivable and increasing the risk of loss of enterprise assets.In view of this,in order to speed up the return of funds,reduce the financial and operational risks of enterprises,in the credit sales at the same time,deepening the study of accounts receivable management is imperative.Firstly,this paper adopts literature review method.In chapter 1 and chapter 2,relevant theories of domestic and foreign literature,enterprise credit management and accounts receivable management are elaborated respectively.Secondly,using the case analysis,according to the theory of credit management and whole process management theory based on two theories,supported by enterprise actual financial data,from two aspects of qualitative and quantitative,in the third chapter of YL accounts receivable of construction enterprises engaged in front and management approaches three links to analyze the status quo,and in the fourth chapter,further analysis on the cause of the current situation;Finally,with the aid of the entire credit management mode,in the fifth chapter put forward such as: prior to set up credit management department,to set up the credit management system and process,make standard contract,strengthen the accounts receivable dynamic monitoring,establish accounts receivable and later are tied to performance appraisal management system to solve YL construction enterprise receivables management problems of countermeasures.