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1、Accounts Receivable Risk Management 【Abstract】 accounts receivable management, financial risk management is an important element. If the poor management of accounts receivable, companies will be a long-term deep triangular debts and being troubled, to avoid this problem, we must manage and control t
2、he source. Key words accounts receivable credit risk management policy Water can carry a boat, can also overturn it, accounts receivable can allow substantial increase in business sales, market share will expand, but also allow enterprises to sink into their cash flow, operations paralyzed pain. So
3、how to play a positive role in accounts receivable and effective risk-averse? An enterprise should accounts receivable in advance, during and after the entire process control. First, source control, compression occurred in accounts receivable amount and frequency of When a sellers market into a buye
4、rs market, the market competition, forcing enterprises to adopt various means to expand sales or contract work. Some companies promote their products or contract in order to achieve the aim of the project, are often not part of the collection or receipt of funds, based on impression, friendship or b
5、usiness experience, unsolicited goods or Loaning convention started, until authorities check the stock commodity or settlement, the accounts receivable receivable has occurred. The other companies operating in the event of misfortune, distressed or deliberate default, or the parties changed, the rec
6、overy of accounts receivable will increase the difficulty of the enterprise financial risks rise. Therefore, it is necessary to reduce the source of the occurrence of such funds, taking up. This requires enterprises to establish a comprehensive assessment of customer credit information system, stren
7、gthen the exchanges customers, long-term internal evaluation of customer contacts through various channels to understand and determine the customers credit rating and then decide whether to offer commercial credit and credit limit. Conducting internal credit assessment, usually in the expected bad d
8、ebt loss rate as a credit Criterion. Poor condition of the credit business, credit standards should be strict, so as to effectively prevent the credit due to excessive lead to exceed the customers actual payment capacities, make businesses suffer. Second, dynamic tracking, analysis, and strengthen s
9、upervision and management of daily When the enterprise took place accounts receivable, it should be held regularly on the accounts receivable tracking and analysis of the dynamic and timely to make scientific decisions. Release accounts for the company, in order to keep abreast of the company at a c
10、ertain time period the amount of payment of accounts, the credit period, the number of customers at home, more than the credit period, the number of customers at home. To ensure the effective recovery of corporate receivables, it must create a dynamic customer credit assessment mechanisms, and accou
11、nts receivable tracking management system. Should be on assessment, quarterly review, annual review, do a good job early warning of risk management accounts, tap the investor letter of good, high-value customers, giving preferential credit policies; remove bad credit, low-value customers, or give mo
12、re strict Receivable Management. Only in such a dynamic client credit review and accounts receivable tracking to protect the enterprise marketing risk to a minimum. Third, time-ching, strict collection After the occurrence of corporate receivables, the business sector should take various measures to
13、 strive for recovery of payments on time and avoid bad debts incurred in arrears for too long. To this end enterprise should develop a reasonable clear right, collection methods. 1, strengthening the status of accounts receivable daily dynamic transmission and submitted to the After the accounts rec
14、eivable, corporate finance department should be given time intervals, to instruments, in tabular form to the relevant departments, the responsibility of handling personnel and business leaders to pass accounts receivable dynamic information, preferably once a month (or even more short), supervision,
15、 and prompt the above-mentioned collection personnel and departments. On overdue accounts receivable outstanding notification time should be even shorter. Reposted elsewhere in the paper for free download http:/ 2, concern between the customers operations, to enhance the daily exercise card Enterpri
16、ses should always pay attention to business units, operations, financial position and personnel changes, be aware of in order to prevent the other units due to the sudden turn of events, business missteps and related personnel changes may result from the risk of uncollectible receivables . The finan
17、cial sector should work together with business units on the other side of receivables from time to time send Xunzheng Han to verify the authenticity of accounts receivable, integrity, and to ensure that the timeliness of the proceedings and prevent the occurrence of cardiopulmonary bypass receivable
18、s blocking illegal behavior and the failure to prevent the debt collection lawsuits. 3, establish a regular and customer reconciliation system, dynamic tracking, decisive decision-making Enterprises should establish a regular and customer reconciliation system, finance department, in conjunction wit
19、h the relevant administrative departments of the company held by the track and analyze accounts receivable. For the relatively large number of enterprise customers, its management should print out a daily accounting of all accounts close to expiration on the accounts receivable records, and at least
20、 a week overdue accounts receivable record and analysis of time, and the use of information systems is set to be collection of early warning procedures, timely access to prompt signals and submit opinions on handling. Under normal circumstances, shall require clients to pay off the arrears before, a
21、fter, before allowing owed by a new. If you find that overdue debt or increase the amount of arrears should be drastic measures to inform the authorities stopped supplying. 4, the establishment of responsibility centers, the collection included in performance appraisal results Officer to establish a
22、 business, financial inspectors, supplemented by the collection of arrears responsibility center, Chen Qian and control will revert to the bad debt into long-term performance assessment, the increased sales of clean-up and collection accounts Chen enthusiasm. 5, for different customer relationships,
23、 and adopt a flexible collection policy Long-term receivables for the recent clean-up Chen accounts intact areas, should be limited to delivery or refusal to deliver, and increase collection efforts: the solvent does not meet their debt obligations, man-made Repudiation occurs, should be valid in th
24、e proceedings in the use of legal means to resolve in order to avoid the loss of recourse, resulting in bad debt losses; right sector is indeed unable to pay debts, the enterprise can understand their bonded goods prices, quality and sales circumstances, to take the material arrived in paragraph can
25、 also be require customers to open out the equivalent of commercial acceptance bills of exchange, in order to offset the accounts receivable, an early realization; to be able to repay loans within an agreed period the customer, you can give certain discounts to encourage customers to repay loans ear
26、ly. 【References】 1 Xiao-Shan Tan: Managing Accounts Receivable J. SUCCESSFUL MARKETING, 2003 (1) 2 ZHANG Yong-wang: Talking about the control of accounts receivable channels J. Accounting magazine, 2003 (4) 3 Samuel flight: An Analysis of accounts receivable factoring business J. Accounting communications, 2003 (3) reposted elsewhere in the paper for free download http:/
