Accounts receivable policy refers to the basic principled code of conduct formulated by enterprises for planning and controlling accounts receivable, and is an important part of enterprise financial policy. Its main function is to adjust the level and quality of enterprise accounts receivable. Accounts receivable policy and economic environment are the main factors that affect the level of accounts receivable of enterprises. The economic environment is difficult for enterprises to control and predict, but enterprises can control the level and quality of accounts receivable by adjusting the accounts receivable policy. The best credit policy and the best level of accounts receivable depend on the unique operating conditions of the enterprise itself.
1. What is the credit policy of accounts receivable?
The main contents of the credit policy of accounts receivable include: credit standards, credit conditions and collection policies. The basic principle of credit policy analysis and decision-making is to compare the increase of sales income caused by the implementation or change of credit policy with the increase of accounts receivable cost, and choose the credit policy scheme that can increase the company's income.
1. Credit standards and conditions
Credit standard refers to the conditions that customers should have to obtain the trading credit of the company. If customers can't meet the credit standard, they can't enjoy the company's credit, and the level of the company's credit standard will directly affect the company's sales revenue and profit.
Credit terms refer to the conditions that the company requires customers to pay for credit sales, including credit period, discount period and cash discount.
2. Analysis and decision of alternative credit conditions
The company gives different credit terms to customers who meet different credit standards. After the company provides credit to customers and stipulates the corresponding credit conditions, with the continuous changes of the company's production and operation, competition and market environment, the company needs to modify and adjust some terms in the credit conditions, and carefully evaluate and make decisions on various alternatives to change the conditions.
legal ground
Measures for unified registration of movable property and protection of rights
Article 3 The term "accounts receivable" as mentioned in these Measures refers to the right of creditors of accounts receivable to demand payment from debtors of accounts receivable for providing certain commodities, services or facilities, as well as other claims for payment they enjoy according to law, including existing and future monetary claims, but excluding claims for payment arising from bills or other securities, and those prohibited by laws and administrative regulations.
Accounts receivable as mentioned in these Measures include the following rights:
(1) Creditor's rights arising from sale and lease, including the sale of goods, the supply of water, electricity, gas and heating, the licensing of intellectual property rights, the lease of movable or immovable property, etc. ;
(2) Creditor's rights arising from providing medical care, education, tourism and other services or labor services;
(3) Beneficial rights of infrastructure and public utilities such as energy, transportation, water conservancy, environmental protection and municipal engineering;
(4) Creditor's rights arising from providing loans or other credit activities;
(5) Other creditor's rights with monetary payment content based on the contract.