Accounting, the time issue of commercial bills

To put it simply, if a commercial draft is opened, then it is its maturity date, and its payment period is within this period, and the prompt payment period is the solstice period.

Hope it helps

The payment term of the commercial draft refers to the issuance of the bill of exchange to the maturity date, that is, the payment period can not exceed 6 months, and the prompt payment period is the prompt payment after the due date, and the time can not exceed 10 days.

- The expiration date ---

Payment period (within 6 months) Prompt payment period (within 10 days).

1 The payment term is between the date of issue and the due date and shall not exceed 6 months.

2 The maturity date is the maturity date of the note on the note.

3. Prompt payment period, that is, 10 days after the maturity date of the bill.

The due date is before and the payment period is indicated later, and the payment term is a stipulation, not a date.

Someone below is talking nonsense, saying that the prompt payment period is 10 days before the due date, and I pour

Please ask the bank credit department for more accuracy.

I remember that the bank said that the month was not the opposite day of the next month in the usual sense, and the bank used 30 days as a month. 6 months is 180 days, and 80 days is the maturity date;

Prompt payment period, i.e., 10 days to the due date; In other words, within 10 days before the expiration date (including the expiration date); Tips: It is not the bank that reminds you that it is time to pay, but you go to the bank to handle this business, and inform the bank that the payment is due;

Legal analysis: commercial bills are divided into bank acceptance bills and commercial acceptance bills, and the prompt payment term of commercial bills is 10 days from the maturity date of the bill. The bearer shall, within the prompt payment period, entrust the bank to collect money or directly to the payer to prompt payment.

You can calculate the mail three days in advance, that is, in actual operation, you can go to the bank three days in advance for collection, and prompt payment to the drawer or payer, and the bearer exceeds the prompt payment deadline to prompt payment, and the holder's bank will not accept it. The maximum acceptance period of commercial bills shall not exceed 6 months.

Legal basis: Article 53 of the Negotiable Instruments Law of the People's Republic of China The bearer shall pay in accordance with the following deadlines:

1) The bill of exchange to be paid at sight shall be prompted to the payer for payment within one month from the date of issuance;

B) fixed payment, regular payment after the issuance of the bill of exchange or regular payment after seeing the bill, from the due date within 10 days to the acceptor for payment.

The bearer is not in accordance with the preceding paragraph of the time limit prompted payment, after the explanation, the acceptor or payer should continue to bear the responsibility for payment to the holder.

If the payer is prompted to pay by the entrusted receiving bank or through the clearing house system, it shall be deemed that the holder prompts payment.

The payment term of the commercial acceptance bill shall not exceed 6 months.

Second, the reminder acceptance. Commercial bills can be used after prompting acceptance to the payer when issuing the bill, or it can be used first after issuing the bill and then prompting acceptance to the payer. The prompt payment term of the commercial draft is 10 days from the due date of the bill.

Further information: "Payment and Settlement Measures": Article 87 The payment term of commercial bills shall not exceed 6 months.

The payment term of the bill of exchange for fixed payment is calculated from the date of issuance, and the specific maturity date is recorded on the bill. The payment term of the bill of exchange for periodic payment after the issuance of the bill of exchange shall be calculated on a monthly basis from the date of issuance and shall be recorded on the bill of exchange. The payment term of the bill of exchange for regular payment after the sight of the bill shall be calculated on a monthly basis from the date of acceptance or rejection of acceptance, and shall be recorded on the bill of exchange.

After the issuance of the commercial acceptance bill, there are important information such as the amount and maturity date, and generally speaking, the term of the commercial acceptance bill shall not exceed 6 months. The consignee can hold the bill of exchange until maturity, and if the capital turnover is tight, it can also accept or transfer it in advance. The discount rate is a percentage point plus the base interest rate.

Important attributes of commercial acceptance bills:

1. Discount amount: The actual discount amount is calculated according to the par amount minus the interest from the discount date to the day before the maturity of the bill.

2. Term: The discounting period of commercial acceptance bills shall be from the date of discounting to the maturity date of the bills, and the maximum period shall not exceed 6 months.

3. Interest rate: The discount rate is generated by adding percentage points to the rediscount rate, and the increase range is determined by the People's Bank of China. The discount rate of commercial acceptance bills is generally higher than that of bank acceptance bills, but not more than the loan interest rate of the same period.

The main difference between commercial acceptance bill and bank acceptance bill: the acceptor of commercial acceptance bill and bank acceptance bill is different, which determines that commercial acceptance bill is commercial credit and bank acceptance bill is bank credit. At present, bank acceptance bills are generally issued and accepted by banks, while commercial acceptance bills can be transferred without being issued and endorsed by banks, but they are lower than bank acceptance bills in terms of credit rating and liquidity, and the difficulty of discounting them in banks is higher than that of bank acceptance bills.

A commercial acceptance bill refers to a bill of exchange issued by the payee and accepted by the payer or issued and accepted by the payer. The commercial acceptance bill can be issued by mutual agreement between the two parties, and if the commercial acceptance draft issued by the payee should be accepted by the payer. If the commercial acceptance draft is issued by the payer, the payer shall sign the acceptance word on the front of the commercial acceptance bill and affix the reserved bank seal, and then hand over the commercial acceptance draft to the payee.

The payer shall deposit the full amount of the bill before the maturity of the commercial acceptance bill with its opening bank, and the bank shall transfer the money from the payer's account to the payee or discount bank on the maturity date. The payer shall be liable for the unconditional payment of the bill of exchange due and accepted by the payer. If the payer's bank deposit account is insufficient to pay the bill of exchange when it is due, the bank will not bear the responsibility of payment, but will only be responsible for returning the bill of exchange to the payee, which will be handled by both the payee and the payee.

At the same time, the bank imposes a fine on the payer in accordance with the relevant penalty provisions for the issuance of bad cheques.

There are several key points in the payment unit on the accounting processing, one is when the purchasing unit issues a commercial acceptance bill to the sales unit when purchasing the goods;Second, when the bill of exchange is due to be paid, when the purchasing enterprise receives the payment notice from the opening bank. The time point of accounting processing of the receiving unit includes the time when the selling enterprise receives the accepted commercial acceptance bill from the purchasing enterprise;Or the sales enterprise will deposit the bill of exchange that is about to expire with the opening bank to go through the collection procedures, and then receive the bank's notice of collection. We must pay attention to the above points in time when dealing with commercial acceptance bills to prevent omission or misrecording of accounts.

1. Application materials for commercial acceptance bills.

1. The original business license or legal person certificate of public institution, organization ** certificate and loan card that have passed the annual inspection.

2. Endorsement of continuous, complete and unexpired commercial acceptance bills.

3. The original of the genuine and legal contract for the transaction of goods or services signed by both parties to the transaction, or other written proof that can confirm the authenticity of the transaction relationship between goods or services.

4 Original VAT invoice with the drawer (or immediate predecessor).

5 For the previous year and recent financial statements, if the guarantee is provided by way of guarantee, the guarantor's financial statements for the previous year and the recent period shall also be provided.

6. Other materials to be submitted for the current recognition of eggplant.

Second, the application procedures for commercial acceptance bills.

1 Submit your application. Submit a written application, that is, the "Application for Discounting of Commercial Bills", and submit other relevant materials at the same time.

2 Assignment by Endorsement. After the approval of the bank, go through the procedures of endorsement transfer and filling in the discount voucher on the commercial bill.

3 Use of funds. After the customer endorses the transfer, the bank will transfer the corresponding funds to the deposit account designated by the customer after deducting the discount interest, and the customer can use the discount proceeds.

1. The rights of the bearer to the drawer and acceptor of the instrument shall be two years from the maturity date of the instrument. Bills of exchange and promissory notes payable at sight shall be two years from the date of issue;

2. The holder's right to the drawer of the check shall be six months from the date of issuance;

3. The bearer's right of recourse to the former hand shall be six months from the date of refusal to accept or refusal to pay;

4. The bearer's recourse to the former hand shall be three months from the date of repayment or the date of the lawsuit. The date of issuance and maturity of the bill shall be determined by the parties to the bill in accordance with law.

Application conditions for commercial acceptance bills:

1. The applicant for the discounting of commercial acceptance bills shall be an enterprise, institution legal person or other economic organization approved and registered by the State Administration for Industry and Commerce or competent department;

2. There is a real, prudent and legal commodity and labor transaction relationship between the discount applicant and the drawer or the direct predecessor, and the corresponding commodity transaction contract and VAT invoice can be provided;

3. The transaction contract of the commercial acceptance bill that is required to be discounted must be legal and complete in elements, that is, the discounted commercial acceptance bill must comply with the "Negotiable Instruments Law", and meet the requirements of the terms and conditions of the issuance, endorsement and acceptance of the commercial acceptance bill stipulated by the system, and there is no words such as "non-transferable" and "pledged" on the bill;

4. Open a deposit account at the discount;

5. The economic benefits and credit status of the discount applicant are good;

6. Other conditions required by the bank.

To sum up, the holder of the right to the instrument due to the expiration of the right to the instrument or due to the lack of the bill recorded in the right to lose the right to the instrument, still enjoy civil rights, can request the drawer or acceptor to return its interest equivalent to the amount of the unpaid instrument. The exercise of the right of the instrument by the holder of the instrument to the debtor of the instrument, or the preservation of the right of the instrument, shall be carried out within the business premises and business hours of the parties to the instrument, and if the party to the instrument has no place of business, it shall be carried out at its residence.

Legal basis]:

Article 17 of the Negotiable Instruments Law of the People's Republic of China.

A) the holder's rights to the drawer and acceptor of the instrument, two years from the maturity date of the instrument. Bills of exchange and promissory notes payable at sight shall be two years from the date of issue;

2) The bearer's rights to the drawer of the cheque shall be six months from the date of issuance;

C) the holder of the right to the former hand of the chaser banquet, from the date of refusal of acceptance or refusal to pay six months;

4) the holder of the recourse to the previous hand, three months from the date of settlement or the date of the lawsuit.

The date of issuance and maturity of the bill shall be determined by the parties to the bill in accordance with law.