In the market economy conditions there are practically no economic entities which carry out their business without accounts receivable. This being said, the market for the goods (work, services) is expanding for the creditor and for the debtor it becomes possible to attract additional financial resources. The causes of the accounts receivable occurrence are determined both macro-level factors and internal factors of the enterprise. Accounts receivable is the most dynamic element of enterprise current assets and its amount and dynamics depend on the effectiveness of the current credit policy. Receivables management is one of the most important tasks of the current operations of the financial manager. The turnover, profitability of current assets, financial stability, competitive edge and financial standing of the enterprise largely depend on the receivables management. The article discusses some questions connected with definition, necessity of receivables management, its classification, formation of the system approach and algorithm of the effective management.

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