What does it mean that other payables have a credit balance in the current month?

The balance of other payables is in the credit, indicating the cash balance payable and temporarily received by the enterprise.

Under normal circumstances, this account accounts for the money payable and temporarily received by enterprises from other units or individuals, such as the rent payable for renting fixed assets and packaging materials, the money paid by the deposit payable and temporarily received by subordinate units and individuals, and the decoration deposit received by the owners and property managers within their jurisdiction; The overall pension payable to employees, as well as the accounts receivable temporarily paid by superior units and subordinate units.

Balance refers to inventory, that is, how much is left. Generally, it refers to the actual amount of assets after closing at a certain time (such as the end of the month and the end of the year), such as the cash balance of XX yuan at the end of the month and the balance of XX pieces or tons of finished products. (It can also be an amount, such as the product balance of XX yuan). However, it is generally not said what the debt balance is, and it is generally said that the accounts payable are XX yuan. As balance generally refers to asset items, the calculation formula is: balance = opening amount+cumulative debit amount this year-cumulative credit amount this year.

However, the accounts payable to suppliers often occur in enterprises are accounted for in the accounts payable and notes payable subjects.

Enterprises should set up "other accounts payable" account for accounting. This course is a liability course. Lenders register various payables and temporary receipts, and borrowers register various payables and temporary receipts for repayment or write-off. The balance at the end of the month is in the credit, indicating the cash balance payable and temporary receipts of the enterprise. This course should be set up according to the categories of payables and temporary receipts.

References:

Balance-Baidu Encyclopedia