Every enterprise in the process of its activityseeks to achieve a stable financial situation. But the production sphere is characterized by periodicity, as a result of which there is a temporary need for additional resources. Replenishment of such a gap, as a rule, is done with the help of borrowed capital. That is why the rational management of accounts payable is considered the most important issue in the work of managers and the department of accounting.
Most investors in the study of the newobject of investment of funds considers such an indicator as creditworthiness. He characterizes the possibility of the organization not only to attract borrowed financial resources, but also to return them promptly with interest. Accounts payable management includes an item of payments to extra-budgetary funds that have not been made, unpaid invoices for goods delivered and shipped, as well as other debts and unfulfilled obligations.
A specialist who develops the main strategic directions of the company must rely on the primary principles of entrepreneurial activity:
In the end, any sources of additionalfinancing are aimed at achieving the above goals. Of course, without a loan, it is almost impossible to imagine a successful production. And the management of accounts payable is based on the regulation of the indicator, which expresses the ratio of own and attracted capital. The main principle is that the volume of attracted capital should not exceed its own value. And it's easy to explain, because if you can not pay off your debts due to profits, repayment is done with the help of resources at the company's disposal.
В связи с этим следует отметить, что управление accounts payable means the establishment of a limit on funds and approval of the main criteria that allow obtaining additional funds. As a rule, these conditions are approved in a written agreement between the two parties: the borrower and the commercial bank, that is, under a bilateral loan agreement. Exceeding this limit is not allowed. Management activities should be based on an individual selection of methodology, principles and forms of management in accordance with the industry, the scale of production and the characteristics of a particular enterprise.
If we consider the ratio of debtors andcreditors of a separate organization, then the excess of accounts payable is considered a positive moment. This testifies to the savings of own funds, as well as the full use of the possibilities of attracted capital. In addition, the manager's responsibilities include the rational allocation of borrowed capital in proportion to the set goals. As you know, commercial banks finance organizations only for specific security and strictly designated purposes.
The success of the implementation of managerial work depends onwhich methods of managing accounts payable are selected. In this case, no less important role is played by a specific source of income. So, financing can be carried out at the expense of investors in the form of partial contributions or shares in starting capital or participation in new projects, loans from commercial banks, payment by installments for shipped products. In conclusion, it can be said that the management of accounts payable is quite a complex process, requiring extensive skills and knowledge.
