The enterprise entrusts the bank to collect money, which has been recorded by the bank, but the enterprise has not received the accounting entry of the payment notice.

The enterprise entrusts the bank to collect money, and the bank has recorded it. If the enterprise does not receive the payment notice, it will not be accounted for and will be reflected when preparing the bank reconciliation statement. After receiving the payment notice, the enterprise will conduct accounting treatment.

If sales processing has been done before, the accounting entry of payment received is:

Debit: bank deposit/cash on hand.

Credit: accounts receivable

If sales are not processed, the entry is:

Debit: bank deposit/cash on hand.

Loan: income from main business

Taxes payable-VAT payable (output tax)

Debit: main business cost

Loans: Goods in stock

Tips: The above contents are for reference only, and no suggestions are made.

Response time: 2021-10-15. Please refer to the latest business changes announced by Ping An Bank in official website.

[I know Ping An Bank] Want to know more? Come and watch I Know Ping An Bank ~

/paim/iknow/index.html