A Study on Receivables Management and Billing & Taxation At Maruthi Aircon Engineering

Receivables management and billing & taxation play a crucial role in maintaining the financial stability and operational efficiency of an organization. This study focuses on analyzing the receivables management practices and billing & taxation procedures followed at Maruthi Aircon Engineering. Efficient management of receivables ensures timely collection of payments, improves cash flow, reduces bad debts, and supports smooth business operations. Likewise, an effective billing and taxation system ensures accurate invoice generation, GST compliance, and proper financial reporting. The study adopts a descriptive and analytical research design using both primary and secondary data sources. Primary data is collected through discussions with employees and management, while secondary data is gathered from company financial records, GST reports, invoices, and receivable statements covering the period from 2020 to 2024. Various analytical tools such as ratio analysis, ageing analysis, percentage analysis, trend analysis, and comparative analysis are used to evaluate the efficiency of receivables management and billing operations. The findings of the study indicate that effective receivables management contributes significantly to improving liquidity and working capital management. Proper billing systems and timely taxation compliance help reduce financial errors and enhance organizational transparency. The study also identifies issues such as delayed customer payments, billing inaccuracies, and taxation complexities that affect operational performance. Finally, the study suggests measures such as automation of billing systems, implementation of strict credit policies, regular follow-up procedures, and continuous GST compliance monitoring to improve overall financial efficiency and receivables management practices at Maruthi Aircon Engineering.