Research On The Improvement Of Accounts Receivable Management Of FL Auto Parts Company

In recent years,with the rapid development of the automotive industry,it has also led to the rapid growth of the auto parts industry.However,in the process of sales,the widespread use of credit sales has brought challenges to the management of enterprise accounts receivable.If the enterprise's credit policy is not perfect,the credit evaluation is not in place,the daily management of accounts receivable lacks system,it will face the risk that the receivable account cannot be recovered,and then form bad debts.Therefore,the improvement of the management of accounts receivable is of great significance to increase sales profits,reduce bad debts,and improve the management level of enterprise accounts receivable.First,in this paper,combing the domestic and international accounts receivable management literature,combined with FL auto parts company accounts receivable management present situation,find out the problems of its accounts receivable management.Secondly,in view of the problems in the management of accounts receivable of FL Company,this paper designs the improvement of FL account receivable management from three aspects of credit policy,credit evaluation and daily management of accounts receivable.In the basis of improved credit policy,using qualitative and quantitative methods,build customer credit evaluation system of FL Company;and KIA Company as an example,the credit rating of 15 key customers,in order to determine the available credit policy.At the same time,through the bad debts management and the account collection,carries on the receivable account the daily management.Finally,in order to ensure the smooth implementation of the FL account receivable management improvement program,the corresponding safeguard measures are put forward from four aspects of organization,system construction,information system and personnel.This paper argues that,first,in terms of organizational structure,the new credit management department is responsible for credit management of accounts receivable.Secondly,in the aspect of credit policy,credit policy has been formulated in three aspects:credit standard,credit condition and receivable policy.Thirdly,in the aspect of credit evaluation,the credit rating of 15 key customers is obtained by using the index system of customer credit evaluation.Fourth,in the daily management of accounts receivable,the provision for bad debts has been raised,the reconciliation process has been standardized,and the policy of urging accounts of different grades has been drawn up.The significance of this study:on the one hand,FL auto Parts Company accounts receivable management improvement program,effectively improve the management level of its accounts receivable.On the other hand,the experience of FL auto Parts Company's accounts receivable management has a certain reference value to other foreign-funded enterprises in the auto parts industry.