How To Handle Collection Procedures Under The Mode Of Entrusted Payment Settlement

The payee shall complete the entrusted collection voucher for the entrusted bank.

Settlement vouchers are divided into two types, namely, "mail" and "power".

The first is the return slip, which is returned by the bank seal to the receiving unit; the second is the collection voucher, the receivables bank opens the bank as the income summons; the third is the payment voucher, the drawee bank opens the bank as a summons; the "fourth party" is the receipt notification, which is the recipient bank's account receivable after the money is collected.

The "fourth power" is the basis for generating the telegram. The Bank of the payment unit sends a telegram to the depositary bank, and the fifth is the notice of payment, which is the notice that the Bank of the drawee bank pays the payment unit on time.

The cashier shall fill in the contents of the entrusted collection voucher according to the regulations, such as the name of the receivables, the account number, the account bank, the name of the payment unit, the account number or address, the Bank of the account, the amount entrusted, the amount of the money (such as loan, labor cost, etc.), the name of the collection receipt (such as invoice, etc.), and the number of attached documents, etc., and then, on the second part of the entrusted receipts certificate, with the seal of the receivables, the entrusted collection voucher and the entrustment receipt shall be sent to the bank at the same time.

The depositary bank receives the entrusted receipts and relevant documents submitted by the receiving unit and conducts careful examination in accordance with the relevant provisions of the entrusted receipts and the relevant requirements of the vouchers. After checking, the procedures for entrusted collection are processed, and the business seal is added to the first joint of the entrusted receipts, and the fee is collected according to the regulations.

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The financial department of the receiving unit shall prepare the relevant vouchers according to the nature of the business according to the relevant original certificates according to the relevant original vouchers, such as the entrusted receipts, the first joint invoices and the invoices, which are returned by the bank seal.

If an enterprise sells products, it should prepare the pfer vouchers according to the relevant vouchers after completing the procedures of entrusting receipts.

Example: Dasheng company sells 180000 yuan to Daming company, which is settled by means of entrustment and 3 yuan in cash.

After completing the entrusted receipt procedures, the finance department shall prepare the pfer vouchers according to the original vouchers, such as the first joint invoices and the invoices returned by the bank seal, and their accounting entries are:

Account receivable 1 - Daming company 180000

Loan: product sales revenue 153846.15

Payable tax - VAT payable (output tax) 26153.85

For bank fees charged according to the regulations, cash payment vouchers should be compiled according to receipt receipts.

Borrowing: financial cost 3

Loan: cash 3

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Entrusted collection has a wide range of use, flexibility, simplicity and so on.

(1) from the point of view of the scope of use, all units and individual economic households who open accounts in banks and other financial institutions may use the method of entrustment payment settlement in commodity trading, labor services and other receivables settlement.

The collection of water charges, electricity charges, telephone charges, postage charges, gas charges and so on can be adopted by the public utility enterprises in cities and towns.

(2) the entrustment is not restricted by the starting point of the amount.

All receivables, regardless of the amount of money, should be entrusted to the banks.

(3) entrusted receipts are not subject to site restrictions, and can be handled in the same city or in different places.

(4) entrust receipts are sent by mail and telegraph in two ways, and the receiving units can choose flexibly according to their needs.

(5) the date of payment is three days, and the period of receipt is two days.

(6) banks are not responsible for reviewing the reasons for refusal of payment.

The method of settling accounts receivable is a settlement method based on commercial credit, that is, the shipper first delivers the goods or provides the services, then receives the money through the bank, the bank does not participate in the supervision, and the dispute in the settlement is resolved by the two sides themselves.

Therefore, the payee should be cautious when choosing this settlement method, and should understand the creditworthiness of the paying party so as not to recover the payment in time.