Peculiarities of Development of Credit Policy in a Business Organization
The purpose of the article is to identify the specifics of the development of the company's credit policy, which, in the end, will create a set of measures and conditions aimed at increasing the volume of sales of products with a minimum risk of non-payment. The objectives of the study are as follows: to consider the main stages of the formation of credit policy used by the enterprise in relation to customers and customers in the sale of products and deferred payment, using the results of analysis of accounting records of a particular organization. The article suggests a hypothesis that the credit policy of the enterprise is an effective tool for reducing the risks of non-payments and determining priorities for possible lending to customers. The use of methods of active observation, analysis and generalization made it possible to obtain the results that confirmed that the development and implementation of credit policy will allow the enterprise to ensure its solvency and financial stability.