ACCOUNTING AND ANALYTICAL INSTRUMENTS OF DEBT SETTLEMENT MANAGEMENT

The article states that the economic activity of any enterprise is almost impossible without the occurrence of receivables, because between business entities there are constantly different conditions for buying or selling products, goods, works and services. Scientific and methodological approaches to the management of receivables and payables are studied. Accounting and analytical tools to increase its efficiency are substantiated. It is proved that the occurrence of receivables and payables is a normal feature of the economic activity of the enterprise, and every business entity is interested in optimizing its volume. Settlements with debtors and creditors are related to inflows and outflows. The organization of accounting, analysis and effective management of settlements with debtors and creditors is of strategic importance to businesses and the results of this process affect the financial stability, tax base of the enterprise, the formation of income and expenses and, consequently, to achieve strategic goals its development in market conditions and ensuring competitiveness, profitability of economic activity. Attention is focused on the fact that the excess of accounts payable poses a threat of large debts of the enterprise and, as a result, loss of solvency. At the same time, timely identify inadmissible types of receivables and payables, which, first of all, include overdue debts to suppliers, overdue debts to customers for more than three months, overdue debts on wages and payments to the budget, extrabudgetary funds. A critical analysis of the views of individual scholars was conducted and it was noted that the existing classifications of debt are incomplete and cover only one feature.