Because enterprises participate in different forms of factoring business, their accounting treatment is also different. No matter which method is used for accounting treatment of factoring business, enterprises should set up. Cash in stock? 、? Bank deposit? 、? Accounts receivable? 、? Bad debt reserve? 、? Financial expenses? 、? Management fee? Waiting for the account.
(1) Accounting treatment of factoring with recourse
Factoring with recourse is equivalent to pledging accounts receivable to banks to obtain financing. Banks have recourse, so enterprises have not transferred the corresponding risks.
At the time of transfer
Debit: Bank deposit (according to the amount actually received)
Financial expenses (according to the handling fee paid when handling factoring business)
Loans: short-term loans
If the goods sold by the enterprise are returned, please record.
Debit: main business income
financial expenses
Tax payable? VAT payable (output tax)
Credit: accounts receivable
When due, if the buyer can pay the payment in full, then
Borrow: short-term loans
Credit: accounts receivable
If the bank fails to recover the payment due, the enterprise has the obligation to repay the corresponding expenses, because the bank has the right of recourse.
Borrow: short-term loans
Loans: bank deposits
(2) Accounting treatment of non-recourse factoring
Non-recourse means that the enterprise has bought out the accounts receivable, and the enterprise should resell the accounts receivable that have been sold, carry forward the relevant bad debt reserve, and confirm the expected possible sales return, sales discount, cash discount, etc. And confirm the profit and loss of factoring.
At the time of transfer,
Debit: Bank deposit (money actually received)
Non-operational expenditure
Other receivables (expected sales discounts and discounts)
Bad debt reserve (bad debt reserve from which creditor's rights receivable have been withdrawn in factoring business)
Financial expenses (factoring fees paid)
Credit: accounts receivable
Non-operating income
Returns and discounts on actual sales.
Debit: main business income
financial expenses
Tax payable? VAT payable (output tax)
Credit: other receivables
(3) The accounting treatment of explicit factoring and implicit factoring is the same as that of recourse factoring and non-recourse factoring.
(4) Financing factoring is to obtain bank financing according to 80% of the invoice amount, and the remaining 20% accounts receivable will be settled with the supplier after the factoring company fully recovers the accounts receivable from the buyer. Its accounting treatment is based on the discounting of bills with and without recourse.
In maturity factoring, suppliers and enterprises only deal with it after maturity:
Debit: bank deposit (actually received monetary funds)
Financial expenses (the difference between the actually received monetary funds and the value of accounts receivable),
Bad debt provision (bad debt provision that has been accrued)
Credit: accounts receivable (book value of accounts receivable)
;