Do other receivables have a balance at the end of the social security period?

Do other receivables have a balance at the end of the social security period?

Other receivables will definitely have a balance at the end of the year.

Other receivables refer to arrears other than accounts receivable (payment for goods), generally including; Margin, quality assurance fund, reserve fund, temporary loan, advance payment, etc.

Generally, these accounts of other receivables cannot be fully settled by the end of the year, so other receivables will have a balance by the end of the year.

How to adjust the ending balance of other receivables?

The debit balance of other receivables represents the amount actually received.

If the amount is true, pay attention to urge the responsible person to pay back the money on time during the accounting period. If the amount is overdue, there is no need to confirm whether it can be recovered. If it cannot be recovered, please ask the person in charge of the enterprise to approve the transfer of bad debt losses.

The credit balance of other receivables indicates overpayment, and the commitment belongs to the category of liabilities.

First, confirm whether there is any mistake in the receipt record, and if not, return it as soon as possible. The part that cannot be returned, if it has been suspended for more than 3 years, can be converted into income and paid enterprise income tax at the same time.

Do other receivables have a balance at the end of the social security period?