EVALUATING THE EFFECTIVENESS OF MANAGING ACCOUNTS RECEIVABLE AND ACCOUNTS PAYABLE OF AN ENTERPRISE

Abstract

Currently, accounts receivable and accounts payable are one of the main factors of economic activity by business entities, the state and represent one of the most complex economic categories. The relevance of this topic is determined by the special role of accounts payable and receivables in the economic activity of the enterprise and their participation in ensuring the economic efficiency of its activities. In addition, the analysis of the dynamics of accounts receivable and accounts payable of the enterprise allows us to assess the company’s need for cash and a sufficient level of its solvency, and their optimal ratio in terms of maturity and size allows us to achieve financial stability and liquidity. The article presents an algorithm for managing accounts receivable and accounts payable at the enterprise. The concept of the author’s algorithm is a methodological approach to assessing the dynamics and quality of receivables and payables. The approbation of the assessment of the management of receivables and payables on the example of a specific enterprise is also presented.