Accounts receivable - is the amount of cashmeans that organizations have to pay consumers, customers and other debtors. Consequently, the accounts receivable appears when the services or products of the company are sold, but the money for them not credited.
Regardless of the maturity of this debt, it usually referred to the working capital of the enterprise.
The presence of the organization is not indebtedattractive, but the reality is often the case. For example, there was a shipment of goods to the customer, vendor company has paid, the organization employees got paid, but the contractor is not in a hurry to pay. When such actions occur intentionally, it can already be regarded as theft, the entrepreneur must resort to defend their rights in court. The remaining cases of receivables necessary to understand and analyze.
By the end of 2013, accounts receivable of state companies "Gazprom", "Rosneft" and "Transneft" has reached 50 billion rubles before the pipe suppliers.
Analysis of receivables
First, the analysis is performed in order tounderstand the current situation with the sales of the company's products. This procedure helps to identify the debtor customers, which it is advisable to discontinue the provision of credit and honest taxpayers who, on the contrary, increase the size of the commodity credit. Competent analysis will help to determine the best ways to increase trade organization.
The account receivable is closely linked toaccounts payable, without which the correct preparation of the balance sheet is also possible. In the accounting business accounting it is a very important operation, since compliance with the rules can correctly calculate the income tax and value added tax. Otherwise, an entity will be held accountable for breaking the law.
Continuous increase in such debtIt creates for the organization of a serious problem. The desire to increase sales volumes can lead to significant losses and even bankruptcy. Successful receivables management helps preserve the solvency of the organization and prevent a deficit of working capital.
Accounts receivable is current assets of the organization.
The main aim of governance - to keep debtat an optimal level, which for each company is individual. Increase in accounts debt means the growth of non-payment for the shipment of products, which leads to a decrease in current assets and solvency. Reducing says about the problems with the sale of products and the reduction of trade credit provided by the company.
Accounts Receivable Management ProceduresDebt include: development of a method for implementing the firm products with a continuous inflow of funds, effective communication with counterparties to obtain the debt, optimization of organization structure.