APPROACHES TO IMPROVING THE ACCOUNTING SYSTEM WITH SUPPLIERS IN INTERNATIONAL PRACTICE

Аннотация

This article analyzes the system for managing settlements with suppliers, the accounting aspects involved, their impact on financial stability, and optimization methods based on international experience. The analysis shows that an effective mechanism for managing accounts payable notonly strengthens thereliability ofthesupply chain but also plays a vitalrole inensuring acompany's liquidityand profitability. Keywords:supplier, settlements, accounts payable, accounting, liquidity, international standards. 1.Introduction In today’s economic environment, the continuity of business operations largely depends on the transparency of contracts with suppliers and the efficiency of the accounting systems involved. Particularly as global supply chains expand, proper financial management of these relationships becomes a crucial factorin maintainingtheeconomic stability ofenterprises. 2.Accounting Principles for Settlementswith Suppliers Enterprises frequently acquire goods and services on a deferred payment basis. In accounting, such transactions are recognized as accounts payable and are recorded as follows: According to IAS 1 (International Accounting Standard), these liabilities are considered short- term obligations. Under IAS 2 (Inventories), the costs related to the delivery of goods are factored into the determination ofinventory value. Therefore, the accounting system must accurately reflect the real state of settlements with suppliers and allowfor detailed analytical reporting. 3.International Experience andBest Practices Thefollowing advanced approaches are used globally to optimizesettlements with suppliers: CountryApproach Advantages USAAutomated settlements viaERPsystems Increased efficiency and reduced errors Germany Supplier rating and monitoring Improved risk assessment Japan Just-in-time(JIT) settlement system Reduced inventory levels, improved liquidity These examples indicate that companies in Uzbekistan should also revise their contractual and accounting practices with suppliers based onmodern global standards 4.Problemsand Recommendations 301 Volume 4, issue 6, 2025 Commonissues observed inUzbekistan include: Delayed settlements; Incompletespecification ofterms and deadlines in contracts; Low qualification ofpersonnel dealing withsupplier relations. Recommendations: 1.Implement ERPsystems (such as 1C,SAP, Oracle); 2.Introduce automated alert systems to improve financial discipline; 3.Align suppliercontracts withinternational standards. 5.Conclusion Settlements with suppliers are not merely a part of financial reporting but are a strategic element in ensuring the long-term financial sustainability of a company. By digitizing, standardizing, and monitoring these processes based on international best practices, companies can significantly increase operational efficiency.