Jilin Ao Dong Pharmaceutical Group Limited By Share Ltd Accounts Receivable Management Research

With the intensification of market competition,more and more enterprises choose to sell goods on credit.Sale on credit can promote the enterprise to expand sales,reduce inventory,speed up the turnover of goods,and improve the economic efficiency of the enterprises.At the same time,credit sales activities generate accounts receivable,and also provide more credit guarantee for enterprises to loan financing,and broaden the financing channels for enterprises.Although the enterprise can get a lot of benefits on credit sale,it will also bring certain risks.If a large amount of accounts receivable cannot be recovered,it will interfere with the capital circulation of the enterprise itself,cause adverse effects on its own production and operation,and the bad debts will not only benefit from the sales activities,but cause the loss.At this time,the enterprise adopts the credit marketing policy.It's a little wrong.In order to avoid losses caused by bad debts due to accounts receivable,accounts receivable management arises at the historic moment.The purpose of the accounts receivable management is to recover the accounts receivable quickly and completely,to ensure the normal operation of the capital of the enterprise,to reduce the management cost of the accounts receivable and to reduce the loss of bad debts.At present,many enterprises in our country have improper accounts receivable management,the level of bad debt is high,and there is no perfect system of enterprise credit system.These will bring serious adverse effects to the production and management of their own.Therefore,it is of practical significance to study the management of accounts receivable in our enterprises.Based on the objective needs of promoting the management of accounts receivable and improving the economic and competitive strength of the enterprises,the research on account receivable management is carried out with specific research methods on the premise that the research status of accounts receivable management at home and abroad is carefully combed and used for reference.The article first expounds the basic concept and theory of accounts receivable management,taking the specific situation and objective status of accounts receivable management of Limited by Share Ltd in Jilin in recent years as an example,combining with the overall situation of the industry,using the related financial indicators and factor analysis method to make the company's front and back period,and the company and the industry.Compared with the average level,the following phenomena were found in the management of accounts receivable in Jilin.The accounts receivable increased rapidly,the growth rate of accounts receivable was far higher than the growth rate of revenue,the age of accounts was longer,the turnover rate of accounts receivable decreased continuously,and the conditions of the company to prepare for bad debts according to the age of the age were abnormally loose,Compared with the current situation of accounts receivable in the industry,it is found that some financial indicators are not as good as the average level of the industry,and the overall quality and level of accounts receivable management are not high.These problems will greatly reduce the quality of accounts receivable,increase the risk of bad debts,and affect the normal circulation of enterprise funds.These problems arise from the two aspects of the internal and external factors,from the internal,the lack of a perfect corresponding account receivable management before,and after the control,from the outside,the market credit system is not sound,there is a disorderly competition in the industry.Therefore,in order to solve these problems,this paper puts forward the corresponding improvement suggestions through two kinds of internal and external thinking,on the one hand,it is to strengthen the control of the whole process of the management of the corresponding accounts receivable management in the company,such as the establishment of an independent credit management department,the strengthening of the management of the receivable collection by the sales department and the improvement of the product.On the other hand,we should improve the environment of the enterprise,improve the national credit system,strengthen the protection of intellectual property,and avoid disorderly competition.This article hopes that through the analysis of the management of the accounts receivable management of Jilin Ao Dong,it will enlighten and help the enterprises to strengthen the management of receivable accounts.At the same time,it will promote the government to strengthen the construction of the market credit system,strengthen the supervision,avoid the vicious competition of the enterprises and ensure the healthy economic development of the society.