Research On Countermeasure Of JZ Company Accounts Receivable Management

Accounts receivable refers to the enterprises from the sale of goods or services and the formation of the creditor.Along with the development of economy, spurred on the relation of market supply and demand and competition, credit sales appears, moreover, accounts receivable emerge as the times require.To aim at accounts receivable management problems, combined with JZ company accounts receivable management present situation, research on the Countermeasure of accounts receivable management, hope to find a general rules.So far, many Chinese companies are facing lots of problems in Accounts Receivable management:the large number of long aging AR balance; high rate of bad debts; low average Accounts Receivable turnover ratio (long days sales outstanding); difficultly to collect; bad cash flow; poor credit control; none AR information management system; inefficient performance evaluation of AR management and so on. The poor AR management causes serious profit losing and negative effects for a company, as AR management is a direct indicator of a corporation’s financial situation and it’s becoming one of the most important topics in financial management.This article on the accounts receivable management theory were summarized, including the management of accounts receivable, accounts receivable management research on the concept, causes, management focus, accounts receivable risk management methods and management innovation; special study on the accounts receivable management method, including accounts receivable credit management, factoring operations research, accounts receivable securitization research.Based on the JZ company accounts receivable management present situation, summarizes the characteristics, lack of management, research on Countermeasure of accounts receivable management, and finally developed the accounts receivable management countermeasures.At the same time, from the establishment of accounts receivable information system, management idea changing, key performance indicate, training four aspects of accounts receivable management countermeasure research. Hope the system countermeasure on accounts receivable management.Since accounts receivable management is an important topic of the financial management, which directly reflects the enterprise’s financial situation and financial management level, in order to ensure accurate and timely cash collection and the fund turnover of enterprise smoothly and enterprise sustainable development optimization, research on accounts receivable management has the important theory and the practical significance. Chapter1Introduction1.1Selected topic background and the significance1.2The main research contents1.3Research thinking and method1.4Accounts receivable management related research summaryChapter2Review of relevant theory2.1The basic indicator of Accounts Receivable Management2.2Emphasis on Accounts receivable management emphasis2.3Accounts receivable management innovation2.4Management method research on Accounts ReceivableChapter3Accounts Receivable Management of JZ CO. LTD3.1Introduction of JZ CO.LTD3.2The Current status of Accounts Receivable management in JZ CO.LTD3.3Strengths of Accounts Receivable3.4Disadvantage of Accounts ReceivableChapter4Research on Optimization of Accounts Receivable Management4.1Innovation-Credit control4.2Factoring4.3Daily Operation on Accounts Receivable ManagementChapter5Countermeasure research on Accounts Receivable Management5.1Establishment of accounts receivable management information system5.2Change management idea5.3Strengthen the evaluation of performance5.4Strengthen people trainingChapter6Conclusion and ProspectFinally, it is stressed, Accounts receivable management is not only involve the financial department but sales department, business department, production operations, Engineering Services Department, Ministry of personnel, legal department that almost all departments. Its management cycle will be along with the enterprises’ survival. For space reasons, the experience just suit for domestic external customer accounts receivable management. There’s no mentioned for export customers and interunit customersWould like to take this opportunity to shar the account receivable management experience with you, to help more enterprises to raise awareness and management level, avoid due to poor management to the enterprise caused heavy losses.