Research On Accounts Receivable Management Of DQ Company

With the continuous expansion of the size of the credit sales transaction in the market economy,the scale of accounts receivable of enterprises has also expanded,and the management of the corresponding receivables has become increasingly important for the operation of corporate funds.Enterprises should strengthen the management of receivables to ensure full and timely recovery of funds,reduce and avoid credit risks,and achieve the purpose of accounts receivable management.As a family-owned machinery manufacturing enterprise,DQ is mainly engaged in the one-stop service of cableway design,construction,installation and maintenance.The company has a short development time and is currently in a rapid development stage.In order to give enterprises a competitive advantage,DQ stabilizes the standard parts market,expands the market for ropeway and aviation military products,expands sales,and adopts credit sales methods.As the performance of DQ companies grows,the total amount of accounts receivable also increases.However,accounts receivable have remained high,and bad debts and bad debt rates are high.DQ companies need to strengthen the management of receivables.Based on the relevant research results at home and abroad,this paper first introduces the basic situation of DQ company and the related systems and policies of accounts receivable management,and analyzes the quality of receivables.The observation method and interview method should be applied to DQ company.The actual operation of the collection management is investigated and analyzed,and the main problems of DQ company’s accounts receivable management are obtained.The internal causes of these problems are the weak management of the company’s management,the unreasonable organizational structure and the imperfect credit management system.The external reasons are the fierce market competition and the adverse economic environment.This paper combines the credit management theory and adopts the "3+1" scientific credit management mode to put forward targeted suggestions for DQ company’s accounts receivable management to improve the management of DQ company’s accounts receivable.First,establish an independent credit management department;secondly,use the 5C assessment method to do credit investigation and evaluation in the early stage of the transaction,establish a sound credit guarantee mechanism in the middle of the transaction,and do a good job of account receivable tracking and management mechanism in the later stage of the transaction;Restructure the business process of corporate credit sales,strengthen the informationization construction of enterprise accounts receivable management;finally,strengthen organizational leadership,implement responsibilities,strengthen corporate culture,strengthen supervision and inspection,and strictly examine the recommendations for improving the management of accounts receivable management.The smooth implementation makes DQ company’s accounts receivable management adapt to the development needs of the company and promote the healthy and stable development of the company.At the end of this chapter,the content of the full text is summarized and summarized,and the limitations of this paper are also proposed.