In the eyes of finance, "other receivables" means "receivables and payables are a basket, and anything can be put in it." Similarly, in the eyes of the tax bureau, this subject is the focus of tax audits .

Other receivables refer to various other receivables and temporary payments other than bills receivable, accounts receivable, and prepaid accounts. The debit side of the account registers the increase in other receivables, and the credit side registers the collection of other receivables. The ending balance is generally on the debit side, reflecting other receivables that the enterprise has not yet collected. Including:

1. Various compensations and fines receivable;

2. Deposits receivable for rental packaging;

3. Charges should be collected from employees Various advance payments;

4. Reserve funds (reserves allocated to various functional departments, workshops, etc. of the enterprise);

5. Deposits of deposits, such as renting packaging Deposit paid for property;

6. Transfer of prepaid accounts;

7. Various other receivables and temporary payments.

Under the new accounting standards, the "other receivables" account has added new accounting content on the basis of the original accounting content: if after-sales repurchase financing is used, the "other receivables" account is used In accounting, the difference between the sales price and the original purchase price should be accrued on a regular basis during the after-sales repurchase period, debiting the "other receivables" account and crediting the "financial expenses" account; receivable subsidies are transferred to Enter the "other receivables" account.

It is precisely because the account includes "other receivables and temporary payments" that this account becomes a kaleidoscope of various uninvoiced expenditures, unexplainable rebates, misappropriated funds, etc. Special, inexplicable and unexplained businesses are gathered here. As time goes by, other receivables are never collected cleanly. The large and high amount has become a prominent feature of this account.

The year-end is approaching, how should other receivables be handled?

Employee loan business

At the end of the year, you should pay back what should be paid and pay off what should be paid. No matter what the reason for borrowing is, try not to have any debts at the end of the year.

Invoice-free expenditure

The standard is just that, if you want to reimburse, you must get the invoice first, forcing everyone to think about the invoice in advance. Procurement and transactions through formal channels do not take advantage of the small discounts without invoices. Furthermore, after the business tax to value-added tax reform, the income can be deducted, so there is no real loss in calculation.

If you really don’t have an invoice, then find a formal way to issue it on your behalf. Don't try to buy a ticket. Nine times out of ten, it's a scam. If something like this happens, you'll screw up the company and yourself.

Misappropriation of funds

Whether it is lent to an individual or to a boss, it is unsolvable from a financial perspective. When it is time to pay it back at the end of the year, just pay it back as soon as possible, otherwise you will pay a high personal tax. It’s hard to regret it. Let’s take a look at what the policy says:

In addition, since the full implementation of the business tax to value-added tax reform, free loans to other units and individuals are regarded as sales, and value-added tax must be paid. Seeing this, do you dare to continue to pay for personal loans?

Unrecoverable amounts

Other receivables that are determined to be unrecoverable: It is recommended to report bad debts and clear them out. Don't let go of worthless assets.

Every year-end, "other receivables" are always the focus of audits. As a financial person, sometimes knowing what not to do is more important than knowing how to do it.

It’s the end of the year. As a financial person, do you suddenly feel a little heavy? Take a quick look at your "other receivables"!