The Improvement of the Standardized System of Reporting to Suppliers in Order to Comply with the Stipulations of the Order Of the Ministry of Public Finances no. 1248 from 2012

At European Union level it was taken the initiative of creating a system of prompt payment, which becomes relevant under the conditions of the present economic crisis, through adopting the legal dispositions of fighting the delayed payments for the transactions closed among economical agents or between them and public authorities. The authors of the present paper aimed to design an improved system of reporting to suppliers, that answers both to the requirements regarding the subsectors’ reporting procedure and the need to establish whether these debts are due or overdue. The research aimed at assessing the practical utility of the solution proposed for the improvement of the procedure of reporting to suppliers and especially for the overdue payments in order to enhance the correctness, promptitude and quality in delivering accounting information to its users, representing a refinement of the efforts to present standardized reporting solutions outlined within subsequent studies.