Administrative strategies of internal control for the effective collection of accounts receivable.

The country's economic instability has led entrepreneurs to develop in a business environment based on risk decisions, related to the provision of certain services or the commercialization of goods under the credit modality.

Consequently, the analysis of the credit granting process consists of the evaluation of the clients, through the follow-up of their financial statements.

This is why, in the development of operations, the study and analysis of the credit granting process is of great relevance, since the adequate administrative management of the same, constitutes an element with which the volume of income is increased.

Now, credit transactions generate accounts receivable that, under efficient management criteria, provide the entity with the capacity to have sufficient liquidity to be able to meet its payment commitments on a regular basis; at the same time, it allows it to make short or long-term investments, depending on the requirements or demands of the organization.

For this, the management of the organization must establish an internal control system within the administrative and accounting area, with which it can obtain truthful and totally reliable information through the application of norms, policies and procedures for an efficient granting of credits, based on the analysis of the economic capacity of the client; with the purpose of increasing the income, conserving the current clients and attracting new ones./div>