Under normal circumstances, accounts receivable entries will be made for the upcoming payment before the payment is received, so the accounts receivable entries will be directly written off when the payment is received, as follows:

1. Goods issued, accounts receivable accrued, and commodity cost accrued:

Debit: accounts receivable

Loan: income from main business

Taxes payable-VAT payable-output tax

Debit: main business cost

Loans: Goods in stock

2. Accounts receivable:

Debit: bank deposit

Credit: accounts receivable

Extended data

If the enterprise fails to make normal provision for accounts receivable, or the enterprise receives immediate remittance from the other party after the delivery of the goods, it will be directly included in the bank deposit and the cost of the goods will be carried forward. The entries are as follows:

Debit: bank deposit

Loan: income from main business

Taxes payable-VAT payable-output tax

Debit: main business cost

Loans: Goods in stock

Applicable details about accounts receivable:

1. Accounts receivable refer to creditor's rights arising from sales activities or provision of labor services, excluding other accounts receivable, such as employee debts and debtor's interest.

2. Accounts receivable refer to the creditor's rights of current assets, excluding long-term creditor's rights, such as purchasing long-term bonds.

3. Accounts receivable refer to the accounts receivable of our company from customers, excluding all kinds of deposits paid by our company, such as bid bond, lease packaging material deposit, etc.

Do you need to estimate the arrival time of the invoice at the end of the month?

Due to various reasons such as untimely payment, the purchased inventory often fails to arrive in time. In order to accurately reflect the needs of assets, liabilities and costs, based on the principle of accounting importance, such inventories should be estimated and recorded.

In practice, due to the differences in business characteristics, accounting methods, accounting environment and accountants' opinions, the specific operation methods of "temporary accounting" are also different.

Basic concepts of inventory estimation

Estimation refers to the business that is not exactly the same as the estimated liabilities in specific accounting business according to the quality requirements of the current accounting standards that substance is more important than form, importance and prudence.

Estimation also means that the inventory has been received this month, but the purchase invoice has not been received, so the warehousing cost of the inventory cannot be determined.

At the end of the month, in order to correctly calculate the inventory cost of the enterprise, it is necessary to calculate this part of the inventory estimation and form an estimation voucher.

Estimation business can be simply understood as the business where the goods have not arrived.

Borrow: raw materials -a

Credit: Accounts Payable-Estimated/No Ticket (XX supplier)

How to write the accounting entry of collection? If an enterprise has sales business and can immediately obtain sales payment, the funds obtained can be included in operating income; If the funds cannot be received immediately, the payment incurred by the enterprise can be included in the accounts receivable, and when the payment is actually received, the accounts receivable can be offset and included in the cash on hand or bank deposits.