The difference between advance payment and receivables

The differences between advance payment and accounts receivable are as follows:

1, different concepts.

Prepayment is a basic accounting form, which is the balance of various subjects. Fill in the balance sheet and income statement of this form, and you will get a report.

Accounts receivable reflect the amount of assets and liabilities as of the end of this month, and the latest amount of each subsidiary account as of the end of this month is reflected in each subsidiary ledger. The balance sheet we declare is based on the latest data of the balances of various subjects in the general ledger.

2, the production method is different

Prepayment balances all the prepared documents. The principle is opening balance+(or-) current amount (including debit amount and credit amount) = ending balance; Only whether to include the range of accounting vouchers when selecting options. Generally, you should choose to include accounting vouchers.

Accounts receivable need the balance of various subjects, generally including the balance of the previous period, the amount incurred in the current period, the ending balance and so on.

Generally speaking, it is the balance of various subjects formed according to the summarized vouchers, and these subjects belong to assets, liabilities and owners' equity, and the equation formed is assets = liabilities+owners' equity.

3. Different functions

The function of prepayments is to query accounting information such as the amount and balance of company accounting subjects.

Accounts receivable are mainly for the convenience of making financial statements.

4. The production time is different.

Advance payment is paid at the end of the year, while accounts receivable are paid at the beginning of the year.

5. Different responsibilities

Prepaid accounts are responsible for the unified management of the property and materials of the unit, and property inspection is conducted once a year, and the systems of custody, requisition, maintenance, compensation, scrapping, loss reporting and personnel handover are improved to ensure that the accounts and materials are consistent.

Accounts receivable is responsible for organizing the preparation of the fund raising plan and use plan of the unit, and organizing the implementation. The fund-raising plan and use plan shall be compiled on an annual, quarterly and monthly basis in combination with the business forecast and decision-making of the unit and the plans for production, operation, supply, sales, labor and technical measures.

According to the enterprise's economic accounting responsibility system, the planned indicators are decomposed and implemented, and the implementation is supervised. According to the requirements of the development of production and operation and the saving of funds, organize relevant personnel, reasonably verify the capital quota, strengthen the management of capital use, and improve the effect of capital use. According to the requirements of combining effective fund management with centralized and hierarchical management, formulate measures for the implementation of fund management and accounting, and organize relevant departments to implement them.

Baidu Encyclopedia-Prepaid Account

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