Study On The Improvement Of Receivables Management In JL Construction Equipment Leasing Co.,Ltd

Construction leasing industry is to provide construction machinery and equipment rental industry,which is mainly for construction projects construction services.In recent years,the industry has enjoyed rapid development driven by the demand of the government to expand domestic demand and adjust the construction of key industries,affordable housing,urban planning and new urban infrastructure.Due to the homogeneity of the materials in the leasing industry,the competition in the industry is fiercer.The most important competition mainly focuses on the prices of leased materials.JL is a large construction equipment leasing company.Despite its steady clientele,JL has resorted to credit sales and extended credit terms to avoid the loss of its existing customers due to the pressure of its competitors.The operating mode brings a lot of accounts receivable to the company,meanwhile,the risk of bad debts also increases,and the financial pressure on the company will increase correspondingly.Therefore,how to speed up the accounts receivable accounts receivable,JL company urgent need to solve the problem.This article selects JL as the research object,through the JL company's accounts receivable aspects of research,including size,turnover rate,concentration,aging and corporate accounts receivable management agencies set up and found JL company in Accounts receivable management such as poor quality of accounts receivable,functional departments fuzzy,no provision for bad debts,the risk of customer credit and internal control processes.In view of the existing problems,this article analyzes the causes of the existing problems from the external uncontrollable factors and the controllable factors in the company.At last,the improvement measures are put forward from six aspects: establishing the company credit management system,setting up the early warning system of accounts receivable,reconstructing the internal control flow,improving the dunning system,withdrawing and clearing the bad debts and carrying out factoring business.Strive to do a good job in every aspect of accounts receivable management,thereby improving the management of receivables.