Agency payment transaction refers to the transaction initiated by merchants in the form of batch documents when they carry out agency payment business, and the money is transferred from the company settlement account to the designated bank card account. ?
Payment item refers to the name of the merchant to pay. Payment interval refers to the time interval corresponding to the payment of merchants to the collection account. The deadline for batch transaction response refers to the business rules for card issuers to return batch payment transactions to UnionPay cards.
Extended data
Take the accounting of total wages as an example to briefly introduce the accounting process of withholding business.
Accounting entries when the business outlets are entrusted by customers to pay wages:
Accounting for collection business
The following is a brief introduction to the accounting procedures for the collection of fines and confiscations by administrative institutions.
(1) Handling of business outlets
1. The punished person shall fill in payment vouchers such as transfer check or pay cash.
2. After receiving the payment according to the penalty notice, the handling personnel shall fill in or forge the receipt for collecting the penalty, and withdraw the money within the time limit stipulated in the agreement. The accounting entries are as follows:
Debit: unit demand deposit-×× account (or cash, deposited in the reserve of the central bank)
Loan: other payables-transfer account for collecting fines.
3. When drawing the fine, fill in the special transfer debit voucher and internal transfer receipt as debit and credit bookkeeping vouchers respectively, and go through the transfer formalities. Its accounting entries:
Debit: other payables-transfer account for collecting fines.
Loan: current sub-branches within the jurisdiction-current unit households.
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