Main directions of development of methods for formation and management of receivables and accounts payable

Each economic entity systematically, and sometimes daily, carries out financial and settlement operations in the process of conducting financial and economic activities. In this regard, analysis of receivables and payables is a critical component of the financial analysis of the company as a whole. In this case, not only the chosen methods of analysis and calculation algorithms, but also the assessment of obligations are of no small importance. The gradual transition to international standards allows us to focus on important and significant aspects of such indicators as accounts receivable, current liabilities when reflected in the financial management system. Specialized software products, included in the Russian software register and independently developed by the company, help organize effective work and reduce the time for analyzing and processing the debts of counterparties. Effective analysis of the company’s debts ensures the rational use of its own funds; timely payment of current obligations, avoidance of payment gaps; formation of the required level of working capital and together contributes to strengthening the financial stability of the company. This study provides a methodology for analyzing information on managing settlements with debtors and creditors, including using software products.