IMPROVEMENT OF THE INTERNAL CONTROL SYSTEM IN ACCOUNTS WITH BUYERS AND CUSTOMERS
Nowadays, exists an acute problem of insolvency of debtors. Huge amounts of accounts receivable lead to corresponding losses, because the interrupted money cycle has a negative effect and thus complicates and slows down all the processes occurring in the enterprise. Therefore, the purpose of this study is to develop ways and methods to improve control over the state of accounts receivable, reducing its percentage value in the balance currency by introducing a bonus system to encourage timely repayment of buyer’s debts. Among others, this article will evaluate the method of control over the status of payments, which implies the introduction of additional sub-accounts that differentiate accounts receivable by maturity. As a result of using these techniques, the quality of the company's receivables will have a positive trend.