A Study On Optimization Of Accounts Receivable Management In YT Engineering Logistics Company

The construction industry is a pillar industry of the national economy.As the most important production material in the construction industry,construction materials drive the building materials manufacturing industry upward and support the construction industry downward.The lengthening of the transaction chain between the upstream and downstream of the construction industry has led to a longer period of collection of accounts receivable.In addition,upstream private small and medium-sized enterprises are facing great financial pressure,slow asset turnover,and the gradual slowdown of China’s market economy,making construction material companies face enormous pressure on fund recovery,directly leading to insufficient development momentum.Therefore,it is of great significance for construction material companies to strengthen the management of accounts receivable.This article takes YT Engineering Logistics Company,which mainly sells building materials,as the research object.Based on the relevant theories and tools of accounts receivable management,the basic situation,organizational structure,and characteristics of accounts receivable management of YT Engineering Logistics Company are introduced.Through literature research,case analysis,quantitative analysis,questionnaire survey,and expert interview methods,the growth trend,turnover rate,and Analyze the current situation of accounts receivable management in YT Engineering Logistics Company from aspects such as customer aging,credit policy,and accounts receivable management process,and point out the main problems in accounts receivable management: insufficient credit evaluation of customers in advance,inadequate management of accounts receivable during the process,and unfavorable collection of accounts receivable after the event,and reveal the reasons for the existing problems.On this basis,the paper proposes an optimization plan for accounts receivable management of YT Engineering Logistics Company,which includes:establishing customer credit standards,determining customer credit limits,establishing accounts receivable management teams and credit management positions,strictly managing credit sales,conducting regular aging analysis,sharing accounts receivable information,formulating reasonable collection policies,establishing accounts receivable overdue management systems,and developing accounts receivable bad debt systems.Finally,security measures were proposed to enhance the management’s understanding of accounts receivable management,enhance the quality of financial personnel,improve performance evaluation and incentive measures,and strengthen accounts receivable budget management.The paper actively explores and deeply studies the pain points and difficulties of the accounts receivable of private small and medium-sized enterprises in the construction industry,guides enterprises to accelerate Digital transformation,puts cash flow in the first place,ensures that they can survive the difficult period,and creates a better development environment for enterprises.The research and conclusions of the paper have reference and practical value for the accounts receivable management of YT Engineering Logistics Company.At the same time,it also has certain reference value for other engineering logistics enterprises.