Account Executive
Posted: Mon Dec 23, 2024 4:38 am
The shortcomings of the end-users need to be made up as soon as possible.So should product managers choose to transform and become end-users? View details > The cash basis is used to record accounts only when cash is actually received, regardless of whether a contract is actually signed. It is generally used in corporate cash flow management. Application of two settlement methods After understanding the two financial systems, let's take a look at how bank funds settlement and corporate financial settlement are actually used. So we talk about business finance? It's not cool, but it takes minutes.
Figure: Two settlement methods For the convenience korea phone number code of understanding, I hope everyone can separate accounts and funds. Receivables and payables are understood as accounts in the accounting books, and actual receipts and payments are understood as funds in the account balance. . Bank funds settlement Bank funds settlement is ultimately a current business. It adopts the cash basis, which is to settle funds according to the real-time receipts and payments. Therefore, its receivables and actual receipts are very short. It is basically quasi-real-time in China. Even if some overseas regions delay settlement, it is only a few days.
After the funds arrive, the amount of transactions in the account is transferred and written off with the customer or bank deposit to achieve the final consistency of funds and accounts. . Enterprise financial settlement Enterprise finance is a way to separate receivables and payables. It adopts the accrual basis, that is, the signing of contracts and the issuance of invoices are recorded. After the funds arrive, the income is confirmed. The same is true for payables and actual payments. Due to the existence of manufacturing, enterprises cannot strictly match the cost of raw material procurement with the income from the sale of products.
Figure: Two settlement methods For the convenience korea phone number code of understanding, I hope everyone can separate accounts and funds. Receivables and payables are understood as accounts in the accounting books, and actual receipts and payments are understood as funds in the account balance. . Bank funds settlement Bank funds settlement is ultimately a current business. It adopts the cash basis, which is to settle funds according to the real-time receipts and payments. Therefore, its receivables and actual receipts are very short. It is basically quasi-real-time in China. Even if some overseas regions delay settlement, it is only a few days.
After the funds arrive, the amount of transactions in the account is transferred and written off with the customer or bank deposit to achieve the final consistency of funds and accounts. . Enterprise financial settlement Enterprise finance is a way to separate receivables and payables. It adopts the accrual basis, that is, the signing of contracts and the issuance of invoices are recorded. After the funds arrive, the income is confirmed. The same is true for payables and actual payments. Due to the existence of manufacturing, enterprises cannot strictly match the cost of raw material procurement with the income from the sale of products.