The basic and the most demanding of a companys financing and its financial manager is to ensure adeguate funding for business activities with minimum business and financial costs. Therefore, account receivables and account payables financing can be a companys significant and usually the most optimal source of funding.In everyday business activities , especially during business and economic disruptions , coordinating deadlines concerning account receivables and account payables is a precondition for optimal liguidity and the prevention of over- indebtedness. Furthermore , the knowledge, recognition and implementation of corresponding forms of business cooperation with trade receivables and trade payables can also influence business costs, liguidity as well as company and economy debt levels.This paper explains the types and characteristics of trade receivables an trade payables and their role in business financing. The horizontal and vertical analysis, financial ratio analysis and other business activity data available ware used to analyze the role of trade receivables and trade payables in bussiness activities and business financing of Varteks Group. On the basis of the abovementioned analyses this thesis introduces detected on possible solutions.