Research On Account Payable Strategy Of S Elevator Company

For a long time,top management focus on account receivable prior to account payable and it is simply recognized that account payable is just a process,only for booking journals.It is common to see that in many firms top management lack of the awareness of account payable control.If any enterprises lack of the awareness will cause double payment,check fraud,cost increasing,lost discount,corruption breeds.With advanced management method,with the information goes rapidly,top management should focus on the account payable since it will decrease costs and standardize process to make the enterprise go well.Firstly,the research purpose and affection are interpreted,the importance of account payable control in the company is presented,the efficient way of how to control the scale of account payable are cited.Then introduce the industry of elevator and background of S elevator,come to a conclusion of economic crisis in S elevator and existing problems in account payable module.Finally,account payable control advices are figured out through analysis on the payment of the top two,which is the payment of raw material and oversea shipments,and how to get the early-payment discount.Raw material control is mainly through inventory control,quality control,obsolete inventory control and payment control.The payment control about oversea shipments is mainly through bidding process,cost collection and audit and how to select the payment currency.This research paper attempts to apply relevant theory of account payable control to S elevator.The purpose of the research is to call attention of top management on account payable to standardize process and to set up a proactive sense for an account payable accountant to identify problem and to solve it.