What is a current payment? What does bank money mean

Current payment refers to the amount of funds formed by the creditor's rights and debts in the process of production and operation of the enterprise due to the supply and marketing of products, the provision or acceptance of labor services; The current payment is reflected in the accounting records of the enterprise by means of accounting, indicating the right to receive money or the obligation to make payment of the enterprise, and has legal effect.

It can be understood in this way: for example, if you sell goods to the other party and the other party does not pay you, the other party owes you money, and accounts receivable are recorded in the finance. The other party sells materials to you for processing, and you do not pay others, that is, you owe others money, and accounts payable are recorded in the finance, and receivables and payables are current payments.

The management of current payments can be divided into three stages: before, during and after the event. Prior management is particularly important, when signing a contract, we should be fully aware of the financial risks of current payments, establish a corresponding system, and strictly control the contract signing, procurement process, and borrowing links.

It is not possible to blindly adopt a looser credit policy without conducting an in-depth investigation of the partner's credit status in advance, only pay attention to the high profit on the book, and ignore the issue of whether the working capital can be recovered in time, so as to increase the risk of current payments.

For investment and decision-making matters, the leadership should do a good job of making full arguments in advance to reduce mistakes. After the transaction is formed, a certain risk will arise, and the initiative will be shifted, so it is very important to strengthen prior control.

Current money is a mutual loan between units or you buy someone else's goods, and the money that others owe you can be called current money.

Bank transactions refer to the receivables received and paid through the bank, which are neither income nor expenses, such as advance receipts, prepayments, receivables, payables, etc.

Current payment refers to the amount of funds formed by the creditor's rights and debts in the process of production and operation of the enterprise due to the supply and marketing of products, the provision or acceptance of labor services; The current payment is reflected in the accounting record of the enterprise by means of accounting, indicating the right of the enterprise to receive payment or the obligation to pay, and the right has legal effect.

Extended Materials. 1. Banks are financial institutions established in accordance with the law to engage in monetary and credit business, and are the products of the development of the commodity and monetary economy to a certain stage. Banks are one of the financial institutions, and banks are divided into ** banks and policy banks according to their types.

Commercial banks, investment banks.

World Bank, their responsibilities vary.

**Bank: i.e. the People's Bank of China.

It is the best bank in our country.

State-owned policy banks: including the Export-Import Bank of China and the Agricultural Development Bank of China.

China Development Bank.

State-owned commercial banks: including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Postal Savings Bank of China.

Bank of Communications, etc.

Investment banks: including Goldman Sachs, Morgan Stanley.

Citigroup, Wells Fargo, UBS.

Société Générale and other returns.

World Bank: Used to finance countries to overcome poverty, institutions play a unique role in their mission to reduce poverty and improve living standards.

2. The scale of assets and after-tax profits of China's banking industry have increased significantly year by year, and the profits realized by China's banking industry in 2011 accounted for nearly one-third of the total profits of the global banking industry. The scale of China's banking industry is developing rapidly, but under the background of accelerated interest rate marketization, intensified internal and external competition, and declining profit growth, banking and financial institutions must make corresponding strategic adjustments in business structure, resource allocation, and regional layout. With the intensification of competition in the banking industry, banking financial institutions pay more and more attention to the tracking research of the industry development environment and market demand, especially the in-depth study of the banking business development environment and the trend of customer demand.

Because of this, a large number of excellent domestic banking institutions have risen rapidly, gradually forming their own business characteristics and becoming industry leaders or rookies!

1. The amount of money that has been disturbed by the omission refers to the amount of funds formed by the creditor's rights and debts formed by the supply and marketing of products, the provision or acceptance of labor services in the process of production and operation, which is generally in the accounting subjects and balance sheets.

Accounts receivable.

Sobi accounts payable, other receivables, other payables.

and other data on the reaction.

2. The current accounts between enterprises need to be included in the relevant accounts according to the actual business, such as accounts receivable, accounts payable, other receivables, other accounts payable, accounts receivable in advance, prepaid accounts and other accounts. Qingdan.

Current accounts include receivables, and accounts payable, other receivables, and other accounts payable.

Reasons for the formation of current payments:

The management concept has not been updated.

The concept of efficiency, time, and financial risk awareness is weak, and the investment funds have been on the account for a long time. Even sometimes, because the leader himself thinks that he is not greedy and does not take possession, the problem is not big, and he does not deal with it in a timely manner, and the successor leader does not deal with the business that did not occur when he was in office. As a result, one term is pressed, and some are even pressed.

The third and fourth terms have not been dealt with so far.

The internal control management is not sound.

In particular, the current account management system is not sound or does not follow the rules, resulting in the management of current funds out of control. With the growth of account age, enterprises cannot effectively withdraw funds, so that the capital flow is in an abnormal state, and even bad debts occur, resulting in serious loss of funds; Or only to the extent that the funds are recovered and not lost, without considering the time value lost due to the long-term occupation of liquidity due to the passage of time.

Financial oversight is not in place.

Financial personnel are accustomed to attaching importance to the management of funds and cost accounting, and often ignore the tracking and management of current accounts. Even if supervision and management are carried out, due to insufficient efforts or backward management methods, the development of current payment collection work is affected. In addition, the lack of responsibility of marketing personnel and the failure to clean up the current accounts in a timely manner are also one of the reasons for the long-term hanging of current funds.

How to avoid current payments:

Make the right decisions and prevent risks. With the development of the market economy and the change of mechanism, the leading role of financial management has become increasingly obvious, which requires enterprise managers not only to have modern enterprise management knowledge, but also to have certain financial knowledge.

And because the person in charge of the unit has a large "stall", busy work, no time to take care of the details, only pay attention to business work, and do not pay attention to the financial situation, especially the status of current payments, the business is bigger, and the money cannot be collected and cannot produce benefits; Nor can "new officials ignore old accounts" and think that the current accounts formed in the past have nothing to do with them, so they ignore them, and are unwilling to touch the "hot potato" in the loss situation, thus causing a large number of "triangular debts" and dead debts.

The person in charge of the unit can master some basic financial knowledge and attach importance to the management of current funds, so as to face the fierce competition in the market, strengthen the awareness of risk prevention, and make a scientific and correct business method suitable for the unit.

The current payments are:

1. Accounts receivable: the amount that should be collected from the purchasing unit due to the sale of goods, products, provision of labor services and other businesses in the normal course of business, including taxes that should be borne by the purchasing unit or the receiving labor unit, and various transportation and miscellaneous expenses advanced by the buyer.

2. Accounts payable: handling fees and commissions that should be paid but not yet paid by the enterprise (finance). It is used to calculate the amount payable by the enterprise for business activities such as the purchase of materials, commodities and the acceptance of labor services**.

3. Accounts receivable in advance: refers to the deposit or part of the payment received by the enterprise from the buyer in advance.

4. Prepaid accounts: refers to the payment of the first unit in advance by the enterprise in accordance with the provisions of the purchase contract with monetary funds or monetary equivalents.

5. Other receivables: Other receivables refer to various receivables and provisional payments other than notes receivable, accounts receivable, prepaid accounts, dividends receivable and interest receivable.

6. Other payables: refers to the payments payable and temporarily received from other units or individuals that are not directly related to the main business of the enterprise, such as the rent payable for leased fixed assets and packaging, the deposit of deposits, the overall pension payable, and the wages not received by employees on time.