Receivable Management Evaluation to Minimize Unapproved Receivable in PT Sinarbali Binakarya Development in Denpasar

Kristanti, Ni Wayan Vianka Rara and Masih, Ni Ketut and Suta, I Wayan Purwanta (2022) Receivable Management Evaluation to Minimize Unapproved Receivable in PT Sinarbali Binakarya Development in Denpasar. Repositori Politeknik Negri Bali.

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Abstract

The application of the credit sales system implemented by PT Sinarbali Binakarya in an effort to increase company profits can cause receivables. Receivables Management Receivables can be grouped into 3, namely receivables not yet due, receivables past due (1≤120 days) and bad debts (>120 days). This study aims to determine the assessment of credit policies, the application of receivable man-agement and to determine the condition of bad debts at PT Sinarbali Binakarya. This study uses a qualitative method. The data used in this study are credit and receivable sales data for 2019, 2020 and 2021. The data analysis used for credit policy is using the 5C analy-sis consisting of character, capacity, capital, collateral, and condition. Analysis of the condition of bad debts using the ratio of receiv-ables turnover, the ratio of the average days of collection of receivables, the ratio of arrears and the ratio of collections. The results of the study using 5C analysis have not been implemented optimally, the management only meets three criteria C of the five C criteria, namely character, capacity and condition, while two criteria have not been implemented optimally, namely capital and collateral. So that the application of receivables management has not been implemented optimally. The condition of bad debts as a whole showed poor results after being analyzed using accounts receivable ratios. The receivables turnover ratio and the ratio of the average days of receivables collection are not in accordance with the standards set by the company. The ratio of arrears and collections decreased significantly. This can increase the risk of bad debts due to the large number of receivables that are still in arrears.

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