At the entrance of March 16, 2009, we told you about how to account for the discounting, but leave pending the posting in case the client does not meet payments on its debt to the expected maturity sufficient to be subject for another blog. And as you know, Gazelle Circle team likes to keep his word and we are committed to this issue so, here we go!
Discounting to default by the client at maturity.
We have accounted for the sale, we continue to take the seat for the effect to the bank for discount:
MUST
572. Banks
665. Interest discounting (for the amount of interest)
BE 5208. Discounted effects
debts come due
When the client pays no effect, the bank charges us for the return and accounted as follows:
5208. Discounted effects
debts 669. Other financial expenses (gtos. return) to 572.
banks now have the debt with the bank, so we have to reflect accounting discounted trade bills that are outstanding now, we'll do the next seat:
4315.Efectos outstanding business to business 4311.Efectos discounted
What we need to do next is girarle our client a new letter which will include the debt to us the cost of return and interest for the delay, the entry would be: MUST
4310. Commercial purposes
portfolio HAVE
4315. Unpaid bills of exchange
769. Other financial income
Once these steps, we hope that the customer actually pays this new effect due, for posting you refer the entry of March 16, which may also help you to understand when this post today.
From the Department of Management Circle Gazelle hope as long as this information will be useful and podais that apply to your day to day business, and who knows ... accounting someday will not have secrets for you ...
A greeting and the next ...
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