What is the current situation of accounts receivable management of enterprises in China and what are

Many enterprises do not pay attention to the management of accounts receivable due to various reasons, and the management of accounts receivable is quite chaotic, which seriously affects the turnover of enterprise funds. At present, the following problems exist in the management of accounts receivable of Chinese enterprises:

1.The credit assessment before credit sales is weak and there is a lack of standardized procedures.

Credit sales are the cause of bad debts, and enterprises should first assess the credit rating and credit degree of customers before conducting credit sales, while most enterprises in China do not conduct detailed credit investigations before credit sales. For a long time, China's enterprises generally lack the concept of "credit", the prior credit assessment is very weak, the lack of standardized credit sales procedures to restrict, a large number of credit sales often depend on administrative intervention or the subjective preferences of a few people and leaders, resulting in a large number of accounts receivable can not be recovered as scheduled.

2.The rights and responsibilities of accounts receivable management are not clear enough.

Many accounts receivable that should not be generated have been generated, and a large number of accounts receivable cannot be reconciled or recovered; The main reasons for this are that there is no clear division of powers and responsibilities, no specific responsible person to be responsible, no strict management methods, no necessary internal control system, and ultimately no accountability.

3.Accounts receivable are getting older, increasing the risk of bad debts.

If the accounts receivable of the enterprise are not cleared in time, and the monetary funds cannot be recovered on time, it means that there is a potential risk of bad debts, and the longer the account age, the greater the risk of bad debts, which will increase the cost of collection.

4.Weak supervision of accounting personnel.

The accounting staff of the finance department is not responsible for the regular directional settlement of accounts receivable; There is no regular inventory system in place. Many enterprises do not reconcile with the arrears unit for a long time, or do not form an effective and legal basis for text reconciliation after reconciliation, and only make verbal promises.

5.There is a problem with the accounts receivable tracking control.

Many enterprises have not established a tracking control system for accounts receivable or have not complied with the system. Some enterprises lack rules and regulations for the tracking and control of accounts receivable, or do not follow the rules, which is in vain. These problems are mainly manifested in the fact that the financial department does not check with the business department in a timely manner, the sales and accounting are disconnected, and the problems cannot be exposed in time, resulting in high accounts receivable and aging accounts.

If the enterprise does not implement the regular reconciliation system of accounts receivable, there may be errors in the time and space differences between the flow of goods and funds in the transaction process, as well as the transmission and recording of bills.

There are many reasons why the accounts receivable of an enterprise are blocked by the original letter that has been in arrears for a long time. In addition to the weak market, the shortage of corporate funds, poor solvency, as well as imperfect economic laws and regulations, and lax law enforcement, the long-term existence of triangular or multi-angle debts between enterprises cannot be resolved in a balanced and effective manner, and even some enterprises maliciously evade debts in the name of bankruptcy and scrap debts and other external reasons, there are also big problems in the management of accounts receivable within enterprises.

1.The awareness of enterprise risk prevention is not strong.

In the face of fierce market competition, in order to expand sales, enterprises will implement a large number of credit sales. It is only expected that credit sales may bring greater economic benefits, but the risks of credit sales are not well understood and not guarded against. Blindly using credit sales without conducting a thorough investigation of the customer's creditworthiness in advance.

As a result, a large number of accounts receivable are formed, which increases the difficulty of future collection work. Slippery envy.

2.The sales assessment system is unreasonable and the restraint mechanism is not perfect.

The assessment of the sales department of the enterprise is mainly to assess the current sales volume and sales receipts, and the sales personnel are generally linked to their salaries and sales expenses, so that the sales department and sales personnel blindly sell on credit to complete the sales task. Due to the lack of a corresponding restraint system for the long-term unrecoverable payment after the sale of products, a large number of accounts receivable have been deposited, and some have become bad debts.

3.There is a lack of information exchange between the sales department and the finance department.

What kind of credit terms are offered to customers is often decided by the sales department personnel based on experience or personal relationships, and the finance department does not have the right to participate and express opinions. The finance department is only responsible for the accounting processing of sales and accounts receivable, and does not provide the sales department with the requirements for the aging information of the customer's accounts receivable and whether the customer returns the credit payment information in a timely manner. The lack of inter-departmental information exchange can lead to sales making incorrect decisions when providing credit terms to customers, and the finance department's oversight of accounts receivable is not being fulfilled.

4.The daily management of accounts receivable is not standardized.

The daily management of accounts receivable includes the establishment of customer files, the formulation of credit standards, the analysis of ageing, the regular reconciliation of accounts, the regular evaluation of the credit status of customers, the implementation of the person responsible for the collection of arrears, and the timely collection of arrears. However, many enterprises do not standardize their work in these aspects, do not establish customer files, have no standards for work, do not do customer analysis, appoint sales personnel at will, and the responsibility for collecting money is not clear, and sales personnel are not held accountable for their due recovery responsibilities when they are transferred or transferred. This also gives some salespeople the opportunity to take advantage of loopholes in their work to infringe on the interests of the company and embezzle sales receipts.

The negative impact of accounts receivable on enterprises (1) excessive accounts receivable exaggerate the operating results of enterprises before shouting, the recognition, measurement and reporting of enterprise accounting in China are based on the accrual system, and the products sold in the current period must be included in the current income regardless of whether they receive money, therefore, due to the existence of a large number of accounts receivable of enterprises, the profits on the books are inflated, and the operating results of the enterprises are exaggerated to a certain extent, and the business risks of the enterprises are increased. (2) High accounts receivable accelerates the cash outflow of the enterprise, although the enterprise has expanded sales and increased profits through credit sales, but it has not really increased the cash inflow of the enterprise, but has forced the enterprise to use its own working capital to advance various taxes and expenses, which has accelerated the cash outflow of the enterprise.

Legal basisAccounting Law of the People's Republic of China

All units must carry out accounting, fill in accounting vouchers, register accounting books, and prepare financial accounting reports on the basis of actual economic and business matters. No unit may conduct accounting with false economic and business matters or materials.