ACTIONS TO OPTIMIZE RECEIVABLES OF THE ENERGY COMPANY

• Main Author: SMYSHLYAEVA, E.G
• Format: Article
• Language: English
• Published: Association “Professional analytics of autopoiesis systems" 2021-02-01
• Series: Карельский Научный Журнал
• Online Access: https://repository.kvantor.org/public/105/3314

Today, as well as several years ago, there are still significant problems associated with the optimization of receivables and payables in the power industry. This situation is important for all participants in the competitive domestic energy markets. Indeed, the presence of overdue accounts receivable leads to an unstable working situation in the operating activities of energy companies. The management of accounts receivable and payable as a whole in order to increase its efficiency has been little researched to date. Optimization of accounts receivable and payable can be described as the basis of the organization's cash flow management. Accounts receivable and payable is the main indicator characterizing the economic security of an enterprise. Currently, there is a "time lag" between various energy companies from the moment of receipt of payment documents and the date of their actual payment. Therefore, we can say that accounts payable and receivable reflect all the features of the current system of settlements between companies. The presence of receivables and payables has become characteristic of economic relations in modern economic conditions. This can be taken for granted if the debt obligations are balanced and managed effectively. The financial activity of energy companies is based on a constant circulation of advanced capital, which is used to purchase means of production, organize production and sell products. It is expected that in each cycle of a business transaction, these sums of money in the future should provide profit to the enterprise, and therefore be renewed.