How to do the accounting entries of the accounts receivable in advance

The specific process is as follows: Step 1: The financial accountant reviews the original vouchers collected, reviews the legitimacy and authenticity of the bills, and signs the original vouchers after the audit and submits them to the financial manager for review and signature The second step:

Classify the original voucher signed by the financial manager and hand it over to the general manager for approval Step 3: Make the accounting voucher after the original voucher approved by the general manager, and print it for the financial manager to review.

1. Accounting treatment of accounts receivable in advance.

1. Received advance receivables:

Borrow: Bank deposit.

Credit: Accounts received in advance.

2. Receipt of the remaining payment:

Debit: Accounts receivable in advance.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Borrow: Bank deposit.

Credit: Accounts received in advance.

3. Enterprises with small amounts of advance receivables shall credit the advance receipts to the "accounts receivable".

Advance payment received:

Borrow: Bank deposit.

Credit: Accounts receivable.

Receipt of the remaining payment:

Debit: Accounts receivable.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Borrow: Bank deposit.

Credit: Accounts receivable.

2. Enterprises with small amounts of advance receivables can not set up the "accounts receivable" account, and the advance receivables are accounted for through the "accounts receivable" account.

on the balance sheet.

Accounts Payable Item End Number = Accounts Payable Credit Balance + Prepaid Credit Balance.

The number of prepaid accounts at the end of the period = accounts payable debit balance + prepaid accounts debit balance.

Pre-sale account entries: when the sale is not realized, borrow: bank deposits, cash in hand; Credit: Accounts received in advance. When the sale is realized, it is debited: accounts receivable in advance; Credit: main business income.

Accounts receivable in advance cannot determine income, and the treatment before the income is determined: debit: bank deposit credit:

Advance receivables; When the goods are to be shipped, the income is recognized together with the balance received: debit: bank deposit advance receivables credit:

Income from main business Tax payable - VAT payable (output) while carrying forward costs: borrow: cost of main business credit:

Inventory items.

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When an enterprise receives a prepayment from the other party, it is a receipt of money for the enterprise, which is included in the advance accounts receivable account, and the entry when receiving the payment is:

Debit: bank deposits, credit: pre-receivables, when the actual revenue is recognized, transfer from the debit side of the pre-receivables, make the following entries, debit:

Accounts receivable in advance, credit: main business income, credit: tax payable - VAT payable - output tax, prepaid accounts refer to the payment of ** units in advance with monetary funds or monetary equivalents in accordance with the provisions of the purchase contract.

In daily accounting, the prepaid accounts are recorded according to the actual amount paid, such as the prepaid materials, the payment for the purchase of commodities, and the pre-purchase deposit for agricultural and sideline products that must be issued in advance and recovered later.

Received borrowed: bank deposits (cash, funds in other currencies).

Credit: Accounts received in advance.

Carry-forward income. Debit: Accounts receivable in advance.

Credit: main business income.

In the case of VAT, refinance tax payable - VAT payable (output).

1. Accounting treatment of accounts receivable in advance.

1. Received advance receivables:

Borrow: Bank deposit.

Credit: Accounts received in advance.

2. Receipt of the remaining payment:

Debit: Accounts receivable in advance.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Borrow: Bank deposit.

Credit: Accounts received in advance.

3. Enterprises with small amounts of advance receivables shall credit the advance receipts to the "accounts receivable".

Advance payment received:

Borrow: Bank deposit.

Credit: Accounts receivable.

Receipt of the remaining payment:

Debit: Accounts receivable.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Borrow: Bank deposit.

Credit: Accounts receivable.

2. Enterprises with small amounts of advance receivables can not set up the "accounts receivable" account, and the advance receivables are accounted for through the "accounts receivable" account.

on the balance sheet.

Accounts Payable Item End Number = Accounts Payable Credit Balance + Prepaid Credit Balance.

The number of prepaid accounts at the end of the period = accounts payable debit balance + prepaid accounts debit balance.

When the enterprise receives the advance receivables, the revenue is not recognized first, and the revenue is recognized by issuing invoices, and the specific accounting entries are as follows:

1. When receiving the advance receivables, accounting entries:

Borrow: bank deposits, credit: accounts receivable in advance.

2. When an enterprise issues a VAT invoice, the accounting entries are as follows:

Debit: Accounts Received in Advance, Credit: Income from Main Business, Credit: Tax Payable - VAT Payable (Output Tax).

Accounts receivable accounting entries refer to the need to register and carry out corresponding accounting treatment on the "accounts receivable" account and the "accounts receivable" account when prepaid accounts or accounts receivable occur, so as to grasp the financial situation and improve operating efficiency.

Practice of accounting entries for accounts receivable:

1. When an enterprise receives an advance account receivable, it needs to carry out the following accounting methods: borrowing bank deposits and lending advance accounts receivable.

2. When the sales revenue is recognized, the following accounting treatment needs to be carried out: borrowing the accounts of Yujiaoshan in advance, crediting the main business income, and processing the tax payable as the value-added tax payable (output tax) accordingly.

3. When the enterprise receives the supplementary payment, if the advance payment is not much, the advance payment can be credited to the "accounts receivable". When the enterprise receives the advance payment, it needs to carry out the following accounting processing: borrowing bank deposits, lending accounts receivable.

When the enterprise receives the remaining payment, it needs to carry out the following accounting treatment: borrowing accounts receivable and crediting the main business income.

4. For the case of receiving advance receivables and needing to issue invoices, the accounting entries are as follows: if the advance receivables are received first and then the invoices are issued, the bank deposits are borrowed when the receipts are received, the pre-receivables are credited, the pre-receivables are borrowed when the invoices are issued, the main business income is credited, and the taxes payable are processed accordingly as sails and VAT (output tax).

If the money and the invoice are received at the same time, the bank deposit is borrowed and the main business income is credited. If the goods sold have not yet received an invoice from the supplier, the goods in stock are debited, the accounts payable - the town - the provisional estimate payable, and the main business costs are credited, the inventory goods are credited.

The difference between accounts receivable and accounts receivable

1. The content of accounting is different.

Advance receivables refer to the amount received in advance from the purchasing unit in accordance with the provisions of the contract. Enterprises with a small number of pre-receivables can directly credit the "accounts receivable" account without setting up the "pre-receivables" account.

Accounts receivable refers to the amount of money that an enterprise should collect from the purchasing unit or the receiving unit for business activities such as selling goods and providing labor services. The recorded value of accounts receivable: including the contract or agreement price receivable from the purchaser or the recipient of services for the sale of goods or the provision of services, the output VAT tax, and the packaging, transportation and miscellaneous expenses, insurance premiums paid by the first cargo unit.

2. The accounting subjects are different.

Accounts receivable is an asset account, and advance accounts receivable is a liability account.

Advance receivables are the purchase deposit or part of the purchase money received by the enterprise in advance from the buyer, and the payment received in advance by the enterprise is deducted when the actual goods or services are provided, how to prepare the accounting entries for the advance receivables? Cong Xian.

1. When receiving the advance receivables:

Borrow: Bank deposit.

Credit: Accounts received in advance.

2. When the enterprise recognizes the relevant income in installments:

Debit: Accounts receivable in advance.

Credit: main business income Other business income.

3. When the enterprise receives the customer's supplementary payment:

Borrow: cash in hand bank leakage auction deposits.

Credit: Accounts received in advance.

4. When returning the customer's overpaid payment:

Debit: Accounts receivable in advance.

Credit: cash on hand bank deposits.

What is main business income?

The main business income refers to the operating income obtained by the enterprise engaged in the production and operation activities of the industry, including the income from the sale of products, semi-finished products and the provision of industrial labor services in the manufacturing industry; the income from the sale of commodities by commodity circulation enterprises; Ticket revenue, customer revenue, catering revenue, etc. in the tourism service industry. The "main business income" account is mainly used to account for the income generated by the daily activities of the enterprise such as selling goods and providing labor services. Under the "main business income" account, a detailed account should be set up according to the type of main business, and the detailed accounting should be carried out, and there should be no balance at the end of the account.

In the daily work of falsification and reform, many accountants will confuse pre-receivables and prepaid accounts, but in fact, the definitions of the two are relative. So what should be done about the accounting entries of the accounts receivable in advance? Which subject does it belong to? Let's take a look.

Accounting entries for accounts receivable in advance.

When advance receivables are received:

Borrow: Bank deposit.

Credit: Accounts Received in Advance - xx customers.

When a sales invoice is to be issued:

Debit: Accounts Received in Advance - xx customers.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Advance receivables are controlled on the basis of accounts receivable. Set up detailed accounts according to specific customers and carry out detailed accounting, which can be used in the following ways: 1. Regional distribution of specific customer models; 2. The contract is combined with the specific customer model; 3. Specific customer model, for enterprises with few customers, the specific customer model is adopted for detailed accounting.

Accounting processing of pre-receivables and judgments.

Advance receivables are liability accounts, which refer to the accounts received by the other party in advance, and the actual goods have not yet been sent!

The accounting entries are:

When the sale is not realized, borrow: bank deposit cash on hand.

Credit: Accounts received in advance.

When the sale is realized, it is debited: accounts receivable in advance;

Credit: main business income.

For enterprises that do not have a separate "Accounts Receivable" account, the accounts received in advance are accounted for in the "Accounts Receivable" account.

Register the amount of advance receipts received on the credit side of Accounts receivable:

Borrow: Bank Deposits, Cash on Hand.

Credit: Accounts receivable.

When the goods are invoiced:

Debit: Accounts receivable.

Credit: main business income (if it is a general VAT taxpayer, the tax payable should also be credited - VAT payable (output tax), and small-scale enterprises do not need to be credited).

What account does the advance receivables belong to?

Advance receivables belong to the liability account, the debit side represents the receivables and the returned overcharges, represents the amount of the decrease in the advance receivables, and the credit side represents the amount of the increase in the advance receivables. Advance receivables refer to the money collected in advance from the purchasing unit or the unit receiving labor services in accordance with the provisions of the contract before the enterprise sells goods or provides services.

1. Accounting treatment of accounts receivable in advance.

1. Received advance receivables:

Borrow: Bank deposit.

Credit: Accounts received in advance.

2. Receipt of the remaining payment:

Debit: Accounts receivable in advance.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Borrow: Bank deposit.

Credit: Accounts received in advance.

3. Enterprises with small amounts of advance receivables shall credit the advance receivables to the "accounts receivable".

Advance payment received:

Borrow: Bank deposit.

Credit: Accounts receivable.

Receipt of the remaining payment:

Debit: Accounts receivable.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Borrow: Bank deposit.

Credit: Accounts receivable.

2. Enterprises that do not have a lot of pre-receivables can not set up the "pre-receivables" account book, and the pre-receivables are accounted for through the "accounts receivable" account.

on the balance sheet.

Accounts Payable Item End Number = Accounts Payable Credit Balance + Prepaid Credit Balance.

The number of prepaid accounts at the end of the period = accounts payable debit balance + prepaid accounts debit balance.

Advance receivables refer to the purchase deposit or part of the payment received by the enterprise from the buyer in advance. The payment received in advance by the enterprise shall be deducted when the actual goods, products or services are provided. Advance receivables are a liability incurred by the purchaser in advance to pay part (or all) of the purchase price to the ** party on the basis of the agreement or contract between the buyer and the seller, and the source and consolidation liability shall be repaid with the goods or services in the future.

At the time the enterprise receives the money, the contract for the sale of goods or services has not yet been performed, so it cannot be recorded as income, but can only be recognized as a liability, i.e. credited to the "advance receivables" account. After the enterprise provides goods or services in accordance with the provisions of the contract, it will convert the unrealized income into realized income in accordance with the performance of the contract, that is, debit the "accounts receivable in advance" account and credit the relevant income account.

Accounting treatment of accounts receivable in advance: digging sun.

When advance receivables are received:

Borrow: Bank Deposits, Cash on Hand.

Credit: Accounts Received in Advance - xx customers.

When sales are realized (invoices, shipments, and provision of services):

Debit: Accounts Received in Advance - xx customers.

Credit: main business income.

Tax Payable – VAT payable (output tax).

If there are few accounts receivable in advance, you can not set up a separate account for accounts receivable, and the accounts receivable in advance can be accounted for in the account receivable. Register the amount of advance receipts received on the credit side of Accounts receivable:

Borrow: Bank Deposits, Cash on Hand.

Credit: Accounts Receivable - xx customers.

When the goods are invoiced:

Debit: Accounts receivable.

Credit: main business income (if it is a general VAT taxpayer, it should also be credited to the tax payable in the split chain - VAT payable (output tax), and small-scale taxpayers do not need to be recorded).