Circle Gazelle In much repeated phrases: lack of funding, lack of liquidity ... these terms are the great enemies of the employer, especially the self-employed or small business. To counter these situations we use different tools to balance the receipts and payments of our company, in this blog and talk about how to account for loans and credit facilities, now try the discounting of bills.
is normal that when we sell a product or a service our customers pay get paid to spin effects accepted, if so we have 2 options, wait for the expiration of the letter to collect or deduct it, and get cash before. Whether you opt for one option or another seat sale is as follows:
Active:
4310. Commercial purposes
portfolio Liabilities:
700. Sale of goods
477. Iva affected HP
If we wait until maturity when it comes to pass that date would realize the following entry:
57x. Treasury 4310.
portfolio trading purposes
But if we choose to discount the option of cash available to continue working with the accounting treatment would be:
1 .- Once we have accounted for the sale, and we will discount the effect:
572.Bancos
665.Intereses effects of discount (for the amount of interest) discounted effects 5208.Deudas by
2 .- Once the customer to pay the debt to us for purposes 5208.Deudas
discounted discounted business 4311.Efectos
All this provided our clients pay off their debt to the expiration date of the effect, if not the accounting treatment once we know who has not paid the debt would be a bit more complex and therefore subject for another day ...
hope that helps you, and we said goodbye until the next entry.
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