Receivable of Management to Minimize the Risk of Uncollected Receivable at PT Aerofood Indonesia Unit Denpasar

Antari, Ni Made Ayu Novita and Wicaksana, Ketut Arya Bayu and Suprapto, Putu Adi (2022) Receivable of Management to Minimize the Risk of Uncollected Receivable at PT Aerofood Indonesia Unit Denpasar. Repositori Politeknik Negeri Bali.

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Abstract

The credit sales system at PT Aerofood Indonesia Unit Denpasar creates receivables for the company. The list of company receivables age data illustrates an increase in receivables due in the receivable age group of more than 360 days. An increase in receivables due can increase the risk of bad debts. In order to deal with this, companies must be able to manage performance and monitor the position of receivables so as to minimize the risk of bad debts This study aims to management of receivables performance and monitor the position of accounts receivable at PT Aerofood Indonesia Unit Denpasar in an effort to minimize the risk of bad debts. The data used in this study are the aging list of accounts receivable and credit sales data from 2019-2021. The measuring instrument used to conduct this research is the receivables turnover ratio, avergae collection period, the ratio of collections and arrears to assess the performance of the company's receivables. DSO and receivable aging analysis analysis to assess the monitoring of the company's receivables position. The results showed that the management of receivables at PT Aerofood Indonesia Unit Denpasar, overall it can be said that it has not been managed optimally. This happens because based on the analysis that has been done, it shows that the results of receivables turnover and the average day of collection of receivables are not in accordance with the standards. There was a decrease in the billing ratio and a significant increase in the arrears ratio. The performance of monitoring receivables is not going well because the results of DSO continue to increase and in the analysis of the age of receivables there is a risk of bad debts which can be seen from the increase in the number of receivables in arrears in the age group of receivables of more than 360 days Keywords: Account Receivable, Account Receivable Management, Bad Debt, Account Receivable Permofance

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