CONTROL AND ANALYSIS OF ACCOUNTS RECEIVABLE AND PAYABLE OF THE ORGANIZATION

Abstract

One of the most important functions of accounts receivable and accounts payable management is to control the current status, of accounts receivable and accounts payable, and to make management decisions based on the analytical results obtained. The results of control of  receivables and payables, are based on the verification of such areas as: accounting for receivables, at each reporting date; diagnostic analysis of the condition and reasons for the negative situation with the liquidity of receivables and payables; development of an adequate policy, and implementation of modern methods of accounts receivable, and accounts payable management and monitoring of the current state of accounts receivable and accounts payable.