Port communicationAccounts receivable is not just an account，Rather, accounts receivable is an accounting subject that is the lifeblood of enterprise development.，Refers to claims arising from the sale of goods or services，and the claim has not yet accepted any form of written commitment。The occurrence of accounts receivable means that part of the company's funds are occupied by customers，in monetary tightening、Market is weak、Provided funds to customers despite lack of funds。
but，There are great risks in companies holding accounts receivable，The reason for this risk、What exactly is the impact? How should it be solved? one、Reasons for the risk of accounts receivable (1) Weak awareness of debt collection in actual work，Some companies set aside bad debt provisions based on the amount of accounts receivable.，when certain conditions are met，Enterprises treat it as bad debts in financial processing，be written off。
Although this accounting treatment does not mean the elimination of creditor's rights,，But this often dilutes the company’s awareness of debt collection。also，The lack of coordination between sales and collections makes corporate marketers focus on sales and give less consideration to collecting debts.，In addition, insufficient efforts are made to collect debts，It is also the reason for the risk of accounts receivable。
(2) Failing to reasonably manage the collection of debts receivable. Some enterprises have failed to manage debts receivable due to poor management of debts receivable.，As a result, the recoverable debt cannot be recovered，Or only a part of the debt that could have been recovered in full was recovered.。
Due to insufficient internal communication，Cause work disconnect，Failure to report the amount of accounts receivable owed by the customer、Announcement of aging and increase/decrease status，In order to achieve the effect of supervising relevant personnel to collect collection，In particular, there is no classification and filing based on customer debt status.，Failure to collect overdue accounts receivable in a timely manner，Causing bad debts to the company、bad debts。
(3) There are certain problems in collection methods and procedures 1. During the operation of the enterprise，Often focus on larger amounts owed，Don’t pay attention to smaller debts，This resulted in a large number of smaller arrears.。2.In the process of debt collection，Business people often focus on superficial debt collection，Lack of in-depth understanding of the debtor’s operating conditions，Unidentified operating difficulties、insolvent enterprise，resulting in bad debts、The occurrence of bad debts。
3.Companies often only
Require
Debtor responds verbally，not yet
Require
The other party makes a written repayment commitment，Even if you encounter difficulties in collecting debts, you will retreat.，No pursuit to the end，Even the verbal replies are mostly just a formality.，Even without knowing the relevant laws，Negotiate privately with debtor only，This resulted in a large number of debt collections，But they are not legally valid debt collection。
two、The impact of accounts receivable risks on enterprises (1) Inflated profits，When a cash flow shortage occurs in accounts receivable, the accounting treatment is to debit "Accounts Receivable" and credit "Main Business Income"、"Taxes payable、VAT payable (output tax)”。therefore，From the accounts，An increase in accounts receivable will increase a company's profits，However, the increase in corporate profits does not mean that cash inflows can be realized as scheduled.。
The existence of large amounts of corporate receivables，Inflated sales revenue on books，To a certain extent, the company's profits are artificially increased，However, enterprises have to use limited working capital to advance various taxes and
cost
，Accelerates corporate cash outflows，Adding burden to corporate capital transfer。
(2) Collections are generated
cost
The formation of a large number of accounts receivable increases the cost of managing accounts receivable，For companies with large amounts of accounts receivable，In addition to the financial staff who manage accounts receivable，The company also set up a debt settlement office。Clear travel expenses owed to personnel、Various reminders such as subsidies
cost
Spending increases a business’s
cost
expenditure。When disputes arise over debt and necessitate legal proceedings and bankruptcy filings，It will consume a lot of manpower of the enterprise、Material resources。
three、Suggestions for controlling the risk of accounts receivable (1) Strengthening the analysis of accounts receivable，Monitoring efforts 1. Carefully analyze accounts receivable。The "Accounts Receivable Analysis Form" that enterprises should report regularly at the end of each quarter，In addition to the basic accounts receivable and debt units, its content、Aging、In addition to the amount and percentage，It also includes two aspects: the content of the payment and the person responsible.。
Use this table，Can be learned：⑴How many of the debts are large in amount or have a long term (exceeding the credit period)，Can be listed as management focus；⑵How much of the debt is still within the credit period?，For normal arrears；⑶The range and trend of fluctuations in the amount of accounts receivable，Remind all member companies to pay attention；⑷Is there any debt exceeding the credit limit?。Generally speaking，The longer the customer is overdue and in arrears，Account collection becomes more difficult，The possibility of forming bad and bad debts is also greater。
therefore，Arrears beyond the credit period，Pay close attention to the collection progress and changes in accounts receivable，by analysis，Evaluate the client's risk level，For riskier customers，In addition to actively collecting collection，Also pay attention to the collection and retention of relevant documentary evidence。2.Propose accounts receivable analysis suggestions and respond to debt clearance reports。
Based on regular analysis of accounts receivable，In view of the existing problems，The analysis department should promptly provide early warning and problem-solving suggestions to the sales departments of each member company.，to prompt them to pay attention and take measures。The sales department should regularly respond to debt clearance reports，To facilitate checking and analyzing the settlement status of accounts receivable。3.Track and analyze accounts receivable。
Analyze accounts receivable at the end of each quarter，After making relevant suggestions and comments，Accounts receivable should also be tracked and analyzed，Whether relevant suggestions and opinions are implemented or adopted。The credit quality of enterprises towards credit buyers、Business conditions and solvency require in-depth investigation，Analyze customers' solvency and creditworthiness。If there is an abnormal situation in the credit purchaser's operation,，Even if the accounts receivable are within the specified limit and credit period，A responsible person should also be designated to collect it as soon as possible。
4.According to the analysis results，Adjust credit limit。The credit limit should be determined based on the customer's long-term credit and asset value.。Based on regular analysis of accounts receivable，For customers with poor credit quality，Enterprises should adjust their credit policies as soon as possible，Reduce or cancel your credit limit，To prevent danger before burning，A high credit risk list can be established，Conduct regular follow-up。
5.Organize people regularly，Examine member companies’ internal control systems for accounts receivable，Make recommendations on issues discovered during inspections，Help member companies to rectify and improve。(2) Adopt effective debt collection measures in business activities，Customer in arrears、There are many reasons for dishonoring payments，therefore，For various overdue accounts receivable，Businesses should adopt different collection policies。
When setting a collection policy，Need to collect the bill
cost
and the reduction in bad debt losses，Minimize the total cost of accounts receivable as much as possible。(3) In the "Responsible Person" column of the "Accounts Receivable Analysis Form" formulated by the internal audit department for the implementation of the accounts receivable recovery responsibility system，The person responsible for the collection of accounts receivable has been clarified。Normally，The decision-maker and main person in charge of the formation of accounts receivable is the person responsible for collecting the creditor's rights。
The withdrawal of monetary funds from accounts receivable should be included in performance assessment，Uncollected accounts receivable at the end of the year should not be evaluated as sales performance。(4) Several solutions to non-performing accounts receivable 1. Establish a debt settlement team，Collection of accounts receivable。Recruiting dedicated personnel internally to form a debt settlement team，Collection of long overdue accounts receivable。
Clear division of labor within the debt settlement team，And break down and implement the target tasks of cleaning and recycling，Rewards will be given based on a certain percentage of the amount recovered，To increase the enthusiasm of debt collectors。2.Recovering claims with non-cash assets。That is, the debtor's inventory、fixed assets、short term investment、long term investment、Intangible assets and other non-cash assets are given to creditors to repay debts owed。
When the debtor has real difficulty in repaying the debt with monetary funds，To reduce corporate losses on accounts receivable，We have also taken this approach，If it is agreed that the debtor will pay the customer with cloth、Tool compensation for raw materials, etc.，To minimize the loss of receivables。3.Entrust a lawyer to handle it。Entrust a lawyer to solve the problem through judicial channels，However, as a company, you need to pay attention to preserving relevant evidence as much as possible，If there is no evidence to support the company’s claims，Everything is in vain。4.sale of claims。
That is, the receivable holder sells ownership of the receivable to an agent or credit institution，Transactions in which they collect payments directly from customers。This method of packaging and selling debt，Companies tend to suffer larger losses on their claims，However, for the bad and bad debts of irrecoverable accounts receivable，A small amount of funds can also be recovered to a certain extent。
About Hong Kong Xintong
Hong Kong Xintong focuses onGuangdong and Hong Kong license plates、Shenzhen Hazardous Chemicals Business License、Shenzhen labor dispatch licenseandShenzhen Charity Foundationapplication services，Assist customers to applyShenzhen travel agency business license、Shenzhen pawn shop business license、Shenzhen auction house license and other mainstream domestic financial licenses，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableODI overseas investment registration、International travel agency registration and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。
