Asset Management: Issuance And Acceptance Of Bank Acceptance Bills

The issuance and payment of bank acceptance bills generally include the following steps:

(1) sign the paction contract.

After negotiation, the two parties signed the commodity paction contract and marked the bank acceptance bill for settlement in the contract.

As a Credit Lender, if the other side's business credit is poor, or the credit situation of the other side is not very clear or confidence is insufficient, the use of bank acceptance bill is more reliable.

Because the bank acceptance bill is accepted by the bank and guaranteed by the bank credit, so it can ensure the timely recovery of the loan.

(2) issue of bills of exchange.

The payer shall issue a bank acceptance bill in accordance with the contract signed by both parties.

A bank acceptance bill is quadruplicate, the first union is a card, and a summons is payable at the time when the receiving bank pays the bill; the second is a summons made by the payee bank to collect money from the receiving bank; the third is the cancellation notice; when the payer opens the bank, the bank receives the ticket and sends it to the accepting bank, the acceptance bank performs the summons and the attachment; the fourth is the stub Union, and the issuing unit makes relevant vouchers.

Remarks: when filling a bank acceptance bill, the cashier of the payment unit should fill in the full name of the bank acceptance bill, the account number, the account bank, the amount of the bill, the date of maturity, the number of the paction contract, etc., and affix the reserved bank seal and the seal of the responsible person and the agent to the bank at the first, second and third parties of the bank acceptance bill.

(3) acceptance of bills of exchange.

After paying the bank acceptance bill, the cashier of the paying unit shall check the relevant contents of the draft and the paction contract, fill in the "bank acceptance agreement" after checking correctly, and affixing the official seal at the "acceptance applicant".

The bank acceptance agreement consists of three elements, which are mainly the basic contents of the bill of exchange, the basic terms to which the bill should be followed after acceptance by the bank.

Basic format of bank acceptance agreement (omitted)

(4) pay the handling fee.

In accordance with the provisions of the "bank acceptance agreement", the payment unit shall pay the handling fee to the accepting bank by accepting the acceptance formalities, and it shall be withdrawn from the depositor of the paying unit by the opening bank.

In accordance with the current regulations, the bank acceptance fee is charged at 1/1000 of the face amount of the bank's acceptance bill. The fee of each fee is less than 10 yuan and is charged at 10 yuan.

When the payment unit pays the fees to the bank in accordance with the regulations, the bank deposit payment voucher shall be filled in. The accounting records of the payment unit shall be as follows:

Borrowing: financial expenses

Loan: bank deposit

(5) to send a bank acceptance bill.

The payment unit shall purchase goods from the supplier according to the terms of the paction, and send the bill to the receiving unit after the second and third party's bills of exchange are accepted by the bank, so that the recipient can collect the money at the due date or endorse the bill.

After paying the bill, the payment unit will prepare the pfer voucher. Its entry is:

Borrow: material purchase or merchandise purchase.

Credit: notes payable

When sending a bill of exchange, a cashier shall register the notes payable book at the same time, and issue the items of the bill (bank acceptance bill), the contract number, the number of the bill, the date of issue, the date of expiration, the unit of collection and the amount of the bill of exchange.

When receiving the bank acceptance bill of the paying unit, the financial department of the receiving unit should prepare the pfer voucher according to the regulations.

Its accounting entries are:

Borrowing: notes receivable

Loan: sales revenue or sales revenue.

Payable tax - value added tax (output tax) payable

The cashier of the receiving unit hereby registers the "notes receivable reference book" and fills in the types of bills of exchange (the bank acceptance draft), the paction contract number, the number of the notes, the date of issue and the expiration date, respectively.

Payment units, acceptances and other related contents.

(6) deposit of tickets.

In accordance with the terms of the bank acceptance agreement, the accepting applicant, the drawee, should pay the full amount of the bill to the Bank of account (i.e. the accepting bank) in full before the maturity of the bill, so as to pfer the money to the receiving unit or the discount bank on the maturity date of the bill.

The financial department of the payment unit should regularly check the safekeeping in special category.

And the bills payable book will be deposited with the bank in full in time.

(7) entrust a bank to collect money.

The financial department of the receiving unit should also check the bank draft or the notes receivable book for safekeeping regularly to see if the bill is due.

At the expiration date of the bill, the payee shall fill in the two form of the consolidated bill of payment, and affix the seal of the reserved bank on the back of the second and third sides of the bank acceptance bill, and send the bill of exchange and the account to the Bank of its account to entrust an account bank to collect the money.

The bank opens the bank's acceptance bill in accordance with the relevant regulations. After the examination is correct, the first bill of payment is added to the "pfer payment" chapter as the collection notice, and the bill collection business is handled according to the regulations.

The receivables shall prepare the receipts for bank deposits according to the first joint receipts issued by the bank, and make the following accounting entries:

Borrow: bank deposit

Loan: notes receivable

At the same time, the date and amount of the acceptance should be registered in the notes receivable book, and be cancelled in the cancellation column.

The acceptance bank handles the payment of the bank acceptance bill in accordance with the regulations, and issues the payment notice to the paying unit. The payment unit receives the payment notice from the bank to pay the due draft, and compiling the bank deposit payment voucher. Its entry is:

Note payable

Loan: bank deposit

At the same time, "

In the reference book, the date and amount of the due payment should be registered and cancelled in the cancellation column.

If the bill is due and the applicant has no payment or insufficient payment, the accepting bank will continue to allocate funds to the Bank of the receiving bank, and at the same time, in accordance with the terms of the acceptance agreement, it will pfer the insufficient payment to the overdue loan account of the applicant, and impose a penalty on the insufficient payment of the fare every day.

According to the regulations, when the applicant has no money to pay, the accepting bank will send a special pfer summons. In the "pfer reason" column of the summons, it is stated that the words "no money to pay to the overdue loan" will be added to the bank business seal. When the accepting applicant is not paid, the acceptance bank will bring in two special pfer summons. In one column of the "pfer reason" column, it is stated that "the bill is insufficient due to insufficient deposits, and the unpaid part is pferred to the overdue loan".

When a payment unit receives a special pfer summons from a bank for payment without payment, it shall prepare a pfer voucher. Its entry is:

Note payable

Loan: bank loan

When a bank's special pfer voucher is received due to insufficient payment, the payment certificate of bank deposit should be made according to the paid item. Its entry is:

Note payable

Loan: bank deposit

According to the insufficient payment part, the accounting entries are as follows:

Note payable

Loan: bank loan

At the same time, it will be recorded in the notes payable book.

For a penalty interest paid for or without payment, a bank deposit payment voucher should be issued when the bank's penalty notice is received. Its entry is:

Borrowing: non operating expenses

Loan: bank deposit

If the two sides agree to issue a bank acceptance bill from the receiving unit, the basic steps are as follows: first, the issuing bank will issue a one to four quadruple bank acceptance bill, and then the fourth party will retain the reference, and send the first, second and third links to the paying unit, then the payment unit will apply to the bank for acceptance, and the other steps will be the same as that of the payment unit.