What is the management goal of accounts receivable? What are the main contents of the accounts receivable policy?

The basic goal of accounts receivable management is to give play to the function of accounts receivable to strengthen competition and expand sales, and at the same time reduce the opportunity cost, bad debt loss and management cost of investment as much as possible to maximize the investment benefit of accounts receivable.

Accounts receivable policy mainly includes three parts: credit standard, credit condition and collection policy.

1. Credit standard is the basic requirement for enterprises to agree to provide commercial credit to customers. The expected loss rate of bad debts is usually used as a criterion.

2. Credit conditions refer to the conditions that an enterprise requires customers to pay for credit sales, including credit period, discount period and cash discount. Credit term is the longest payment time stipulated by enterprises for customers, discount term is the payment time stipulated for customers to enjoy cash discount, and cash discount is the discount given by customers when they pay in advance.

3. Collection policy refers to the collection strategy adopted by enterprises when they violate credit conditions.

Tips: The above information is for reference only.

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