Issue: №10/1, 2019
The article discusses the main aspects of the formation of receivables of the enterprise, discloses information about the interpretation of receivables and existing types of receivables in accordance with the requirements of the current legislation, presents the process of reflecting receivables in accounting. The receivables of the enterprise can be confirmed by the primary documentation, which contains information about the work performed (service rendered) or the delivered goods (commodity bill, freight bill, acts of acceptance and delivery of services). Special attention was paid to the issues of receivables repayment, the stages of receivables repayment, options of counterparty verification and possible procedures for verification of economic entities, possible ways of collection of receivables, and legal support of settling disputes between the entities. It is considered that the formation of receivables for an enterprise is a normal process of movement of funds, but until the moment when the receivables do not go into a problematic state, becoming long-term, and then doubtful and hopeless. The enterprise must have mechanisms for the implementation of transactions, accounting and control system. As control procedures for accounts receivable entities may use: checking the primary documents, analyzing documentary tracking accounts receivable, assessment of receivables once a month for timely response to the emergence of receivables contractors reminder of the debt and the need for payment; cross-check, listing of bad debtors, etc. The process of collecting receivables from bona fide debtors does not cause any particular difficulty for the entities: quite a few phone calls or letters of claim. If necessary, the company should consult with legal professionals and collect debt in court, which requires the subject additional funds and a long time to resolve disputes. References 1. Horodianska L.A. Features of the organization of accounts receivable at the enterprise / L.O. Gorodanska // Accounting and Audit. 2007. №6. pp. 9-16. (in Ukrainian) 2. Accounts Receivable: How to Avoid and Recover. Legal Consulting Company "Saleks". URL: https://salex-lcc.com.ua/ styagnennya-debitorskoji-zaborgovanosti.html (in Ukrainian) 3. National Accounting Standard (Standard) 10 "Accounts Receivable": by the order of the Ministry of Finance of Ukraine dated 08.110.99 № 237. URL: https://zakon.rada.gov.ua/laws/ show/z0725-99 (in Ukrainian) 4. We present the claim of the counterparty. "Balance-Agro" № 11, dated 19.03.18. URL: https://balance.ua/ news/post/predyavlyaem-pretenziyu-kontragentu (in Ukrainian) 5. Recommendations "On the Procedure for Conducting Claims and Litigation in an Enterprise, Institution, Organization" by the order of the Ministry of Justice of Ukraine dated January 23, 2007 № 35-14/7. URL: https://zakon4.rada.gov.ua/ laws/show/v14_7323-07 (in Ukrainian) 6. Chudik T. Why is it important to check counterparties / partners before entering into an agreement? URL: https://biz.ligazakon.net/ua/analitycs/185767_chomu-vazhlivo-perevryati-kontragentvpartnerv-pered-ukladennyam-ugodi (in Ukrainian)
Keywords : receivables, stages of returning, current receivables, long-term receivables, doubtful receivables, claim