Other accounts payable in the past have not been recorded, and now they are repaid, how to deal with

Previous Other Payables.

If it is not paid, it will always be on the account, and now after repayment, the accounting entries.

Borrow: Bank deposit.

Credit: Other payables.

Enterprises should set up "other payables" accounts for accounting. This account is a liability account, the credit side registers all kinds of payables and temporary receipts, and the borrower registers all kinds of payables and temporary receipts that are repaid or resold, and at the end of the month, the balance is on the credit side, indicating the balance of cash payable and temporarily received by the enterprise. This account shall be set up as a detailed account according to the category of payable and provisional receivables.

If you want to make up the account through other accounts payable, you should make up the account first and then repay the loan. If you don't make up the credit, you can just return what you borrowed. Don't go through other accounts payable.

If you don't make up the credit, you will go directly to other receivables, and it will become other receivables, and this account will hang there forever.

At the beginning, when the cash in hand decreased, it was not recorded, but now it is increasing, and if it is recorded, the account is not even, and the account is just flat if it is not accounted for. If you can find the original voucher, you can record the account first, and then write this one. In this way, the account is also flat.

The key is to keep the accounts flat. If it's cash, it's best not to remember it, save trouble. If there is a deposit in the bank, it must be recorded, the bank has a record, and it is your fault that you do not keep the account.

If you repay with a bank deposit, borrow: cash in hand or bank deposit.

Credit: Other payables.

Debit: Other payables.

Credit: Bank deposits or cash in hand.

If other accounts payable have not been paid before, they will always be on the account, and now after repayment, accounting entries:

Borrow: Bank deposit.

Credit: Other payables.

Enterprises should set up "other payables" accounts for accounting. This account is a liability account, the credit side registers all kinds of payables and temporary receipts, and the borrower registers all kinds of temporary accounts payable and payable that are repaid or resold, and the balance is on the credit side at the end of the month, indicating the balance of cash payable and temporarily received by the enterprise. This account shall be set up as a detailed account according to the category of payable and provisional receivables.

Expand the balance of the exhibition information:

When the enterprise incurs various payable, temporary receipt or return of relevant payments, it shall debit the accounts of "bank deposits" and "management expenses" and credit the accounts of "other payables"; When the payment is made, the "Other payables" account is debited and the "Bank Deposit" account is credited.

If the enterprise adopts the method of after-sales repurchase to inject funds, it shall debit the "bank deposit" account and credit this account according to the actual amount received. The difference between the buyback** and the original sale**.

Interest expense shall be accrued periodically during the after-sales repurchase period, and the "financial expense" account shall be debited and this account shall be credited. In the event of the repurchase of the goods, etc. in accordance with the contract, the account shall be debited and the "bank deposit" account shall be credited according to the actual amount paid.

Audit Procedures. 1. Obtain or prepare other payables schedules, check whether the counts are accurate, and check them with the relevant items of the sub-ledger, general ledger and statements.

2. Implement analytical review.

3. Extract other payables for confirmation.

4. If the confirmation letter cannot be recovered or the result of the reply letter is inconsistent with the book record of the enterprise, alternative procedures shall be adopted to review the detailed account of the next year, or trace it to the economic and business vouchers when other payables occur.

5. Spot check the detailed accounts, accounting vouchers and original vouchers.

1) Check whether the basis of accounting is in line with the provisions of the current system. Find out whether other elements that are not covered by other payables, such as accounts payable, notes payable, advance receivables and short-term borrowings, are accounted for in other payables.

2) Check whether the relevant economic business is true and legal. Find out whether the enterprise has accounted for the items that should be the income and expenses of the enterprise for the current period through other accounts payable, or has received and spent under other accounts payable.

3) Check other accounts payable for a long time, find out the reason, and make a record.

4) Check other payables that are not clear to the creditor and the amount is abnormal.

5) Check the amounts payable to shareholders, senior management, directors, associates and affiliates. Check whether the enterprise has used other payables to withhold income, falsely post expenses or conceal profits and losses.

6) Check other accounts payable with debit balances, find out the reasons, and make reclassification adjustments if necessary.

Other accounts payable should be set up for accounting when an enterprise repays other payables, such as depositing deposits, fines payable, etc., and how to make accounting entries when repaying other payables?

Reimbursement of other payables entries is processed.

1. When other payables occur:

Debit: Accounts such as cash on hand.

Credit: Other payables.

2. When it comes to repayment:

Debit: Other payables.

Credit: Cash in hand and other accounts.

What are the other payables?

Other payables refer to the other payables and temporary payments payable by the enterprise in addition to accounts payable, notes payable, accounts receivable in advance, employee remuneration payable, taxes payable, interest payable, dividends payable and other business activities, such as the rent of fixed cover assets payable under operating leases, the rent of leased packaging materials, and the deposit deposit.

What do other payables mean on the credit side?

Other payables represent various payables and provisional receivables incurred on the credit side. The debit registers various provisional receivables payable for repayment or resale. The balance of other payables at the end of the month is on the credit side, which represents the balance of cash payable and temporarily received by the enterprise.

When the enterprise incurs various payable, temporary receipt or return of relevant payments, it shall debit the accounts of "bank deposits" and "management expenses" and credit the accounts of "other payables"; When the payment is made, the "Other payables" account is debited and the "Bank Deposit" account is credited.

If the enterprise adopts the method of after-sales repurchase to inject funds, it shall debit the "bank deposit" account and credit this account according to the actual amount received. The difference between the repurchase** and the original sale** shall be accrued and the interest expense shall be accrued periodically during the after-sales repurchase period, and the "financial expense" account shall be debited and this account credited. In the event of the repurchase of the goods, etc. in accordance with the contract, the account shall be debited and the "bank deposit" account shall be credited according to the actual amount paid.

The company used to be in the accounts receivable account, and now in other accounts payable, how to deal with the original account.

Hello dear<> To process the company's previous accounts receivable account and now transfer to other accounts payable, you can follow the steps below:1

Create a projected impairment provision: First, you need to identify which accounts in the original accounts receivable account are no longer recoverable, so you need to make a provision for bad debts. Determine the appropriate ratio or amount and create a projected impairment provision based on company policy.

2.Adjust Accounts Receivable Account Balance: Adjusts the balance of the original Accounts Receivable account to zero.

This means that the amount of the provision for bad debts that has been accrued is deducted from the accounts receivable account, and the uncollected accounts are transferred to other accounts payable accounts. 3.Enter Other Payables:

The balance of the outstanding accounts transferred from the accounts receivable account is recorded by adding or adjusting other accounts payable accounts. Make sure that the correct amount or proportion is transferred to a different accounts payable. 4.

Adjust other relevant accounts: If necessary, adjust other accounts related to accounts receivable and other payables (e.g., business receipts, costs, etc.) accordingly. Remember, before performing these actions, it is advisable to communicate with an accountant, finance team, or professional advisor and follow the appropriate accounting guidelines and regulations.

When the enterprise incurs various payable, temporary receipt or return of relevant payments, it shall debit the accounts of "bank deposits" and "management expenses" and credit the accounts of "other payables"; When the payment is made, the "Other payables" account is debited and the "Bank Deposit" account is credited.

If the enterprise adopts the method of after-sales repurchase to inject funds, it shall debit the "bank deposit" account and credit this account according to the amount actually received from the bank. The difference between the repurchase** and the original sale** shall be accrued and the interest expense shall be accrued periodically during the after-sales repurchase period, and the "financial expense" account shall be debited and this account credited. In the event of the repurchase of the commodity, etc., in accordance with the contract, the account shall be debited according to the amount actually paid, and the "bank deposit" account shall be credited to the bureau.

Other accounts payable accounts are accounted for, except for bills payable, accounts payable, accounts receivable, employee remuneration payable, interest payable, dividends payable, taxes payable, long-term payables, etc. The insurance protection** payable by the enterprise (insurance) is also accounted for through this account.

Other payables refer to the payments payable and temporarily received from other units or individuals, such as deposits, leased packaging rents, etc., for other payables, how to do the relevant accounting entries?

Accounting entries related to other payables.

1. Receive the deposit deposited by the customer.

Borrow: Bank deposit.

Credit: Other payables.

2. The rent payable for leased packaging materials and the rent payable for operating leased fixed assets.

Borrow: Administrative expenses.

Credit: Other payables.

3. Withdraw trade union funds.

Borrow: Administrative expenses.

Credit: Other Payables - Trade Union Funds.

4. Withdraw staff education funds.

Borrow: Administrative expenses.

Credit: Other Payables - Employee Education Expenses.

What are the other payables?

Other payables refer to the accounts payable, notes payable, accounts receivable, employee remuneration payable, taxes payable, interest payable, dividends payable and other business activities other than the payable, temporary receipts, such as operating lease fixed asset rent, leased packaging rent, deposit deposit, etc. Other payables belong to the liability account, the debit side indicates that the decrease in other payables means that the liabilities are reduced, and the credit side indicates the increase in other payables, that is, the increase in liabilities.

Closing balance of other payables = opening amount of other payables + increase in the current period (credit of other payables indicates an increase) - decrease in the current period (debit represents a decrease).

What are the management fees?

Management expenses refer to the various expenses incurred by the administrative department of the enterprise for the organization and management of production and business activities. Specifically, it includes the company's expenses (including salaries, repair costs, material consumption, amortization of low-value consumables, office expenses and travel expenses, etc.) incurred by the board of directors and the administrative management department in the operation and management of the enterprise, or should be borne by the enterprise in a unified manner, such as wages, repair costs, material consumption, amortization of low-value consumables, office expenses and travel expenses, etc., trade union funds, unemployment insurance premiums, labor insurance premiums, board dues, etc. Administrative expenses have long been expense accounts, with the debit side indicating an increase and the credit side indicating a decrease.

1. When the enterprise pays the non-main business expenses and obtains the corresponding invoices:

Tax Payable – VAT payable (input tax).

Credit: Other Payables – Company Name.

2. When the enterprise temporarily collects funds from other enterprises or individuals:

Borrow: Bank deposit.

Credit: Other payables – company or individual name.

3. When the enterprise pays the temporary payment:

Debit: Other payables – company or personal name.

Credit: Bank deposits.

When an enterprise incurs non-core business expenses or temporary receivables, it shall be accounted for through the relevant secondary accounts of "other payables". Other payables refer to the payments payable or temporarily received from other units or individuals that are not directly related to the main business of the enterprise.

Accounts payable is an accounting account, which can be understood as the handling fee and commission that should be paid by the enterprise but has not yet been paid. So what to do with the accounting treatment of the enterprise that cannot repay the accounts payable? How do I make accounting entries?

This kind of problem is often encountered in financial work. Let's follow the deep space network to find out!

Under the new standard, accounts payable that cannot be paid should be included in non-operating income, and their accounting entries are as follows:

Debit: Accounts payable.

Credit: Non-operating income.

How to make accounting entries for the resale of accounts payable that cannot be repaid?

Debit: Accounts payable.

Credit: Non-operating income.

What are Accounts Payable and Accounts Receivable?

Accounts payable: Accounts payable is used to calculate the amount payable by the enterprise for the purchase of materials, commodities and the acceptance of labor services** and other business activities, which can be understood as the handling fees and commissions that should be paid by the enterprise but have not yet been paid.

Accounts payable generally refer to debts incurred as a result of the purchase of materials, goods, or the receipt of services**. Accounts payable items on the balance sheet.

Accounts receivable: In accounting, accounts receivable is an asset class. It occurs along with the sales behavior of the enterprise, and specifically refers to the money that the enterprise should collect from the purchasing unit in the normal course of business for the sale of goods, products and the provision of labor services.

The recognition of accounts receivable is closely related to the recognition of revenue, and accounts receivable are generally recognized at the same time as revenue.

Accounts receivable can be understood as the funds that are taken up by the purchased units in the sales process of the enterprise. In order to ensure continuous operation, enterprises should collect accounts receivable in a timely manner. For the accounts receivable that are in arrears, collection shall be organized; For accounts receivable that are confirmed to be unrecoverable, they can be treated as bad debt losses on the premise that they meet the conditions for bad debts and have been submitted for approval in accordance with the prescribed procedures.