How to strengthen the management of hotel accounts receivable

Accounts receivable refers to the accounts receivable formed by selling products or providing services on credit, which belongs to the company's creditor's rights and is a part of current assets.

In recent years, the total amount of accounts receivable of enterprises has increased year by year, and accounts receivable cannot be recovered in time. The phenomenon of defaulting on payment between enterprises is widespread, and the proportion of bad debts and bad debts has gradually increased, which has affected the normal operation of enterprises. This not only damages the capital flow and capital turnover of enterprises, but also increases the financial and operational risks of enterprises, which easily leads to the break of capital chain. Accounts receivable is an important link in the daily business activities of enterprises, and the direct cause of accounts receivable is the existence of credit sales activities. Therefore, in daily business activities, we should pay full attention to the management of accounts receivable and minimize the risks of accounts receivable.

I. Definition of accounts receivable

Accounts receivable refers to accounts receivable formed by selling products or providing services on credit, and is an important item of current assets of enterprises. Therefore, the management of accounts receivable has become an increasingly important issue in business activities.

Second, the advantages and disadvantages of accounts receivable analysis

In nature, accounts receivable belong to the company's creditor's rights and are a part of current assets. From the perspective of financial practice, the formation of enterprise accounts receivable has advantages and disadvantages. On the one hand, the formation of accounts receivable is conducive to expanding sales and enhancing the competitiveness of enterprises; Reduce inventory and reduce inventory risk. On the other hand, the disadvantages of the formation of accounts receivable are mainly manifested in the following aspects: (1) the funds of enterprises are occupied by customers, which reduces the efficiency of the use of funds and the efficiency of enterprises; (2) inflated book sales revenue and exaggerated business results. The increase in profits on the books does not mean that cash inflows can be realized as scheduled; (3) Accounts receivable make enterprises have to pay all kinds of taxes and fees with limited working capital, which accelerates the cash outflow of enterprises.

Third, the reasons for the increase in accounts receivable analysis

1. The phenomenon of credit sales is serious.

The ultimate goal of enterprise's production and operation activities is to maximize revenue, but the realization of revenue is based on sales revenue, so how to expand sales revenue has become the top priority of enterprises. Cash flow is very important for enterprises, and the break of capital chain will inevitably make enterprises face the risk of bankruptcy. In this way, the way of selling on credit came into being. Selling on credit can not only buy what you need, but also delay payment. On the one hand, it solves the materials needed for its own production, on the other hand, it continues the right to use accounts payable, expands the capital chain, and makes the enterprise own sufficient funds. However, for the seller, although the sales revenue is increased and the income on the books is increased, it undoubtedly increases the risk of debt collection and expands the ratio of bad debts to bad debts.

2. The credit status of enterprises is not optimistic.

The foundation of the birth and survival of credit sales is the credit of enterprises. With the gradual establishment and standardization of market economy, the credit status of enterprises has become one of the preconditions for transactions. However, China's credit system is not perfect, the credit system is not perfect, and people's credit habits are not formed, which makes the benefits of breaking promises often outweigh the costs of keeping promises. Moreover, China's credit information system is basically based on subjective decision-making and judgment, lacking a credit decision-making system, and the network credit system has not been built. All these show that the foundation on which credit sale depends is not perfect, and it faces great challenges.

3. The management system is imperfect and the reward and punishment system is lacking.

Due to the cruel competitive pressure, enterprises often link the salary of sales staff with the sales performance, which stimulates and mobilizes the enthusiasm of employees to a certain extent. However, in order to complete the sales task, employees often take the way of selling on credit. Although the successful completion of the sales task has greatly increased the sales volume, it has also led to the increase of accounts receivable, which has a great relationship with the management system and reward and punishment system of the enterprise to a certain extent. Furthermore, the enterprise did not seriously investigate and collect evidence and formulate a reasonable credit policy for accounts receivable. Even if the relevant policies were formulated, they were not implemented seriously because of blindly expanding sales. Therefore, both creditors and debtors should regularly check the outstanding matters of economic exchanges to clarify the rights and obligations of both parties. However, many enterprises did not timely and irregularly reconcile accounts and did not adopt different collection policies according to different situations, which led to the outflow of funds and the normal operation of enterprises was under pressure.