Managing accounting control in accounts receivable of the service industry companies

Abstract

The subject of this research is the issues associated with management of accounting control in accounts receivable of the service industry companies for ensuring sustainability of financial position and efficiency of a business. The relevance of this topic is justified by the fact that due to the specificity of the work of service industry companies, the predominant type of transaction is payments from customers for services rendered. Attention is therefore given to the structurization of adequate accounting control system for payments. The novelty of this research consists in systematization of the key accounting aspects of managing payments from customers, substantiation of the need for structurization of the system of internal payment control for the purpose of uninterrupted payment monitoring and timely debt repayment. An important role is also played by the practical examination of the questions of accounting and control of customer payments based on the case of the Municipal Unitary Enterprise “Surazh Regional Water Services Company””, which will allow ensuring proper organization of the system of managing accounts receivable in the service industry companies.