Principles For Determining Accounts Payable

Accounts payable recognition is an important part of accounting. accounting Personnel must seriously check to ensure that accounting information is truly reflected and dealt with. Accounts receivable Management status quo. Therefore, there must be two principles at the same time to be recognized as accounts payable, namely, "loan payable:":

1. Receipt of invoice: Invoice in principle. Special invoice can not be invoiced, but belongs to the cost category by "ious" account; belongs to the assets of each other's delivery documents.

2. Complete financial procedures:

Cost categories: the signature of the person in charge, the person in charge of the management department, the financial personnel and the approver;

Asset class: in addition to signing procedures for expenses, it is necessary to sign and check the relevant personnel of the inspection department, as well as to have Assets Department's warehouse receipts and other related documents.

The above principles must be applied flexibly, but they must not be against the principles:

1, those who do not possess the above two principles at the same time can be accounted for through the first class subjects "PAYABLE temporarily assessed". They can also be set up through the two level subjects of "accounts payable payable" of the first level subjects, such as two levels of "payable" and "temporary assessment", or "open" and "unopened tickets".

2, daily receipt of invoice or incomplete financial procedures, can be accounted for through the form of "provisional assessment", or can not be accounted for (to combine the time of each enterprise), but at the end of the month must be accounted for; at the end of the month, receipt of invoices and financial procedures are complete, directly amended to "meet", is "rest", that is, directly change the accounting treatment.

3, if the invoice or financial procedure can be completed within a month or a short period of time, it can be directly recorded in the "payable" instead of the "provisional estimate".

4, before voucher binding, it is necessary to make sure receipt of invoices and financial procedures are complete, otherwise it will not be able to confirm "payable".

5. When confirming the accounts payable with the other party, the amount of "payable" can only be confirmed. The amount of "provisional assessment" can not be confirmed; however, there is an obligation to confirm the amount of "provisional assessment".

6. The payable and provisional estimates can be divided by the joint number of the warehousing documents: the provisional assessment is entered into the provisional assessment, and the "provisional assessment" is made on the basis of the financial union's charge, and is credited to the "payable". The Finance Union and invoices must be kept at the same time.