The Impact of Corporate Receivables on the Operational Smoothness and Cash Stability of PT Anugerah Restu Bumi

Angga Reksa Bahari; Sri Mulyati Dra

doi:10.31538/iijse.v9i2.10745

Angga Reksa Bahari Universitas Islam Indonesia, Yogyakarta, Indonesia
Sri Mulyati Dra Universitas Islam Indonesia, Yogyakarta, Indonesia

DOI: https://doi.org/10.31538/iijse.v9i2.10745

Keywords: Accounts Receivable Management, Delayed Receivable Payments, Operational Continuity, Cash Stability

Abstract

This study aims to analyze the accounts receivable management system and examine the impact of delayed receivable payments on operational continuity and cash stability at PT Anugerah Restu Bumi. A descriptive qualitative approach was employed, with data collected through interviews, observations, and documentation. The findings reveal that PT Anugerah Restu Bumi has implemented an accounts receivable management system through the establishment of Terms of Payment (TOP), regular monitoring of aging schedules, and periodic collection activities. These practices have enabled the company to control customer receivables and monitor payment due dates more effectively. However, several factors continue to contribute to payment delays, including customers’ unstable financial conditions, lengthy administrative procedures, weak credit risk control mechanisms, and the absence of penalties for late payments. The study further indicates that delayed receivable payments negatively affect the company’s operational performance by limiting working capital availability, postponing the procurement of operational necessities, and creating difficulties in meeting short-term financial obligations. Moreover, payment delays disrupt cash flow stability by slowing cash inflows and reducing the company’s liquidity level. These conditions may hinder the company’s ability to maintain efficient and sustainable business operations. Therefore, improving the effectiveness of accounts receivable management requires stronger credit control procedures, enhanced receivable monitoring, regular evaluation of collection policies, and the implementation of more structured risk mitigation strategies. Such measures are expected to strengthen cash flow management, maintain liquidity, and support the long-term operational sustainability of the company.

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