Efficiency of enhancement program of trade creditors management accounting system for individual

Abstract

Background: The problem with Lamphun Hospital's trade accounts payable management system is that it is not as efficient as it should be. The process of recognizing debt accounts is delayed, and accounts payable information is not current, which affects the hospital's financial information and prevents it from accurately reflecting the true financial status. Conducting studies to identify issues in work operations and establishing a good operating system will result in further increasing the efficiency of the accounts payable management system.

Objective: To evaluate the efficiency of the individual trade accounts payable management system

Method: A action research was conducted by setting operational guidelines to improve the efficiency of the individual trade accounts payable management system among the parcel work group, other work groups that act like the parcels accounting work group, the accounting work group, and the finance group. This study was carried out at Lamphun Hospital from October 1, 2020, to September 30, 2022. The study results before and after implementing these operations were compared.

Results: Establishing work guidelines for use between related work groups was well accepted. As a result, the overall percentage of delays in individual trade accounts payable management per month decreased on average by 1.71 percent before implementation (statistically significant) (P = 0.035). After implementation, in the 12th and 24th months, a trend showed a decrease of 1.83 percent (statistically significant) (P < 0.031). After the 24th month, the rate of delay decreased by 0.65 percent (statistically significant) (P < 0.012). This resulted in a reduction in delays of individual trade accounts payable management from 36.39 percent in October 2020 to 9.31 percent in the fiscal year 2022.

Conclusion: The study indicates that the operational guidelines can improve the efficiency of the individual trade accounts payable management system. As a result, debt account information will be recognized faster by trade creditors, and information on the financial status of Lamphun Hospital will be complete and accurate.