Risks and risk prevention for importers with advance payment

Obviously, for importers and exporters, the advance payment is more insured, and if it is cash on delivery, there may be a situation of arrears.

Cash on delivery: the exporter has to bear the risk at sea, and the importer may not be liable for the accident of the goods, in fact, the risk is divided into boundaries and then the side of the ship at the port of shipment; Pay in advance, so you don't have to worry.

Solution: The prepaid account accounts for the purchase business of the enterprise, and the enterprise with little prepayment can directly credit the prepaid payment"Accounts payable"The account is debited instead"Accounts receivable"The debit of the account.

From scratch, the accounting of the prepaid accounts of the enterprise.

Accounts Payable Accounts look forward to your adoption, thank you.

The purchase of a material first prepaid a deposit of 5,000 yuan to the merchant, received the materials, the total price was 5,500 yuan, and 500 yuan was paid with a bank deposit.

Accounting entries: 1. When paying the advance payment: debit: accounts payable 5000

Credit: Bank deposit 5000

2. When the materials are received and the payment is made:

Borrow: Raw material 5500

Credit: Accounts payable 5000

Bank deposit 500

Such entries are correct. Because, the prepayment account is to account for the amount prepaid by the enterprise in accordance with the contract. Enterprises with small prepayment can not set up a prepayment account, and can directly credit the prepayment to the "accounts payable" account.

The advance payment is an advance payment of a certain amount to the seller after the transaction contract is signed. This method is not beneficial to the buyer and is generally used when the supply of goods exceeds the supply. The buyer bears the commercial risk, the backlog of funds, and is actually providing credit to the seller; The seller receives the payment before the shipment, which is conducive to capital turnover and has no commercial risk.

There are two cases of advance payment: one is as a guarantee for the importer to execute the contract, usually called a deposit, and the period of advance payment is short, accounting for a small proportion of the transaction amount; The other is that the importer provides credit to the exporter, with a longer prepayment period and a larger amount.

Debit: Advance payment 2000

Credit: Bank Deposit 2000 Received Goods Warehousing:

Borrow: 5000 items in stock

1. The warehouse issued 40,000 yuan of materials, which was used to produce 21,900 yuan for product A and 18,100 yuan for product B.

Borrow: Production Costs - Direct Materials - Product A 21 900 Borrow: Production Costs - Direct Materials - Product B 18 100 Credit: Raw Materials 40 000

2. The warehouse issued 2,000 yuan of auxiliary materials for the workshop.

Borrow: manufacturing cost 2 000

Credit: Raw materials 2 000

Debit: Advance payments - Company B 25 000

Credit: bank deposits 25 000

Credit: Advance Accounts - Company B 85 500

Debit: Advance payments - Company B 33 500

Credit: bank deposits 33 500

When prepaid:

Debit: Advance payment 2000

Credit: Bank Deposit 2000

Receipt of goods warehousing:

Borrow: 5000 items in stock

Tax Payable - VAT Payable (Input Tax) 850

Credit: Advance Accounts 2000

Bank deposit 3850

Accounting of prepaid accounts of industrial enterprises:

1. The enterprise pays in advance.

Debit: Advance payments.

Credit: Bank deposits.

Prepaid Accounts. 2. Receive the purchased goods, according to the amount listed in the invoice and bill.

Borrow: material procurement, etc.

Credit: Accounts prepaid.

3. Supplementary payment.

Debit: Advance payments.

Credit: Bank deposits.

4. Return the overpaid payment.

Borrow: Bank deposit.

Credit: Accounts prepaid.

Accounting entries for advance payments: Let's do a quiz before learning, click to test whether I am suitable for studying accounting.

Entries are made when prepaid.

Debit: Advance Payments - Suppliers.

Credit: Bank deposits.

Received materials into the warehouse at the same time received special tickets for entry.

Borrow: raw material - a material (specification).

Debit: Tax Payable - VAT Payable - Input Tax.

Credit: Advance Payments - Suppliers.

You change this accounts payable in your accounting entries to prepaid accounts and it's OK!

I think so.

I feel that it is more appropriate to write it together here, because in the second business, the entry of borrowing prepaid accounts and lending bank deposits alone lacks practical meaning, and it does not reflect the prepaid activities, but it is written the same as prepayment.

Written together, it can better reflect the significance of offsetting the advance payment of 9,000 yuan and paying 2,700 yuan.

Personal opinion, for reference.

This is about the accounting of prepaid accounts, two key points: one is to use "bank deposit" to transfer to "prepaid accounts"; The second is to make up the remaining accounts and continue to make up the "prepaid accounts" from the "bank deposits". So the relevant accounting entries are: Debit: Accounts in advance 2000

Credit: Bank Deposit 2000

Borrow: 5000 items in stock

Tax Payable - VAT Payable (Input Tax) 850

Credit: Bank deposit 5850

Debit: Advance payment 3850

Credit: Bank Deposit 3850

The key is the first point, happy learning!

In which account is the receipt of the VAT invoice, the economic transaction can not see if the VAT invoice is received can do this:

Borrow raw materials 240000

Tax Payable VAT Payable (Input Tax) 40800 Credit Prepaid Accounts 72000

Credit Bank Deposit 208800

If the payment is made and the VAT invoice is not received, it should be done

Borrow raw materials 240000

Other receivables - uncredited input tax (** unit owes VAT invoice) 40800 credit Prepaid accounts 72000

Credit Bank Deposit 208800

In practice, you should handle the accounts according to accounting principles, and I wish you all the best in your work.

This is a mess, where did you get it? First of all, the debit sum of the two prepaid accounts is 72000+16880 240800, and the credit of one prepayment is 280000. Borrowing is not equal, and it goes without saying that everything else is wrong.

What you give here should be a total of 280,800 yuan in price and tax, 72,000 yuan has been paid, and another 208,800 yuan has been paid, which is correct.

1. Borrow 72000 in advance accounts

Credit Bank Deposit 72000

2. Borrow 240,000 raw materials

Tax Payable VAT 40800 payable

Credit Advance Accounts 72000

Credit Bank Deposit 208800

The second entry should be credited to 280,800 (240,000 + 40,800), and the third is to make up the balance of 208,800

The specific entries are as follows:

Prepayment. Debit: Prepaid Accounts 72000

Credit Bank Deposit 72000

Received the goods from Company B.

Borrow raw materials 240000

Tax Payable - VAT Payable (Input Tax) 40 800 Credit: Prepaid Accounts 280 000

Pay the balance. Debit: Prepaid 208800

Credit Bank Deposit 208800

Debit: Prepaid Accounts 15

Credit: Bank Deposit 15

After the completion of the project.

Borrow: Construction in progress 50

Credit: Advance Accounts 15

Bank Deposit 30

Accounts payable 5

Debit: Fixed assets 50

Credit: Construction in progress 50

After one year, the quality is qualified.

Debit: Accounts payable 5

Credit: Bank Deposit 5

In the early stage, borrow: 150,000 yuan of prepaid accounts: bank deposits of 150,000 yuan, when the project is completed and settled, borrow: 500,000 yuan of fixed assets (or projects under construction): 150,000 yuan of prepaid accounts.

Credit: Bank deposit of 300,000 yuan.

Credit: Accounts payable 50,000 yuan.

1. When paying the advance payment: borrow: prepaid account 5000 credit: bank deposit 5000

2. When the materials are received and the payment is made:

Borrow: Raw material 5500

Credit: 5000 prepaid

Bank deposit 500

When making an advance payment:

Debit: prepaid account: 3000 yuan.

Credit: 3,000 yuan in cash.

Borrow: 5,500 yuan for management expenses.

Credit: 3,000 yuan in advance.

Cash 2500 yuan.

1. When prepaying accounts: borrowing: prepaying accounts 3000 credit:

Bank deposits 30002, upon completion: borrow: management expenses network construction 5000 loans:

5000 prepaid loans: 2000 prepaid loans: 2000 bank deposits

No, it is recommended to use prepaid accounts for accounting, otherwise it will need to be reclassified. The accounts payable in the entries can be replaced with prepaid accounts.

No problem, when the company's advance payment business is not very large, it can be directly used as an advance payment.

What is the difference between prepayment and cash on delivery, and what is the impact on imports and exports? The difference between prepayment and cash on delivery is that the seller has not yet delivered the goods and the buyer pays the price first; Cash on delivery, on the other hand, means that the seller delivers the goods first and then collects the payment.

Both are commercial credit. The former is that the buyer has great trust in the seller; And the latter is the seller's trust in the buyer. Otherwise, the former is extremely risky to the buyer, and the latter is extremely risky to the seller.

If the two parties can trust each other very much, then the payment method of such a transaction is easy to facilitate the transaction, so it has a very positive effect on import and export**.

However, as mentioned earlier, both payment methods can only be used by buyers and sellers with a strong level of trust in each other, otherwise the risks are extremely high.

It depends on whether you export or import, how much you pay in advance, how much you pay.

If you are an exporter, then it is most advantageous for you to pay 100% in advance abroad.

If you are an importer, then it is most beneficial for you to pay after you receive 100% of the goods.

There are many risks in the international **, mainly in the following aspects: (in the process of compliance).

1) Whether the situation in the importing country is stable and whether the policy changes; (whether to refuse, increase import tax, whether to raise quality standards, etc.).

2) Whether there is a major change in the importer's credit standing and business conditions, which is enough to affect the performance of the contract;

3) the strength of the importer's bank;

4) changes in exchange rates; (Appreciation is bad for exports, good for imports, depreciation is vice versa).

5) The exporter's ability to control quality, delivery time, and quantity in the process of performance (this is the main daily work of the exporter).

6) Risks in the shipping process. (War, piracy, oil prices**, port strikes and other unexpected factors).

7) Possible changes in the exporting country's policy on export commodities. (In particular, the change in the tax refund rate is favorable for raising and decreasing for disadvantage).

8) Preparation of foreign exchange settlement documents (whether the documents are fully consistent under LC conditions).

Some of the above risks are controllable, such as commercial insurance, export credit insurance, and some depend on the exporter's ability to perform the contract.

If it is uncontrollable, it can only do its best and conform to the will of God.

1. Sell on credit. 2. Accept the documents of the Chaozhou Brigade.

3. Documents Against Payment.

4. Forward letter of credit.

5. Letter of credit in the hail period.

6. Prepayment.

Your question depends on the perspective of speaking, the so-called risk is the opposite from the perspective of the exporter and the importer.

The risk of the exporter is from small to large: prepayment, letter of credit, d p, d a, and the risk of the importer on credit is small to large: credit sales, d a, d p, letter of credit, advance payment, but the above questions do not indicate whether the letter of credit is spot or forward, if you distinguish between sight letter of credit and usance letter of credit, the above risk ranking is slightly different.