In the event of the formation of overdue accounts payable, the company can repay it by issuing a special financial or trade bill. At the same time, the company that holds the bill of exchange is faced with the need to post this document in accounting.
Instructions
Step 1
Receive a trade or financial bill from the debtor company. In this case, the amount of debt obligations on it should be slightly more than the debt that has formed. This difference is called a discount and represents compensation for a delay in payment. It is reflected in other income of the holder of a bill.
Step 2
Create an off-balance sheet account 008 "Security for payments and obligations received" in accounting, on which you will reflect the amount indicated in the bill. In the future, this amount will be written off when the debt is repaid.
Step 3
Reflect the receipt of the bill on the credit of account 62 "Settlements with customers and customers" in correspondence with account 91.1 "Other income". This takes into account the amount of the receivable of the drawer and the discount. Deferral compensation can also be charged to account 98 Deferred Income.
Step 4
Maintain accounting records of settlements on interest-bearing financial bills by analogy with issued loans and borrowings. This rule is specified in paragraphs of PBU 19/02, which describes transactions with securities. On the basis of this document, the bills received must be attributed to the financial investments of the enterprise. In this regard, the holder of a bill of exchange capitalizes this type of bill of exchange in the accounting department in a value that is equal to the actual costs of its acquisition.
Step 5
Capitalize the interest bill on the credit of account 76 "Settlements with different debtors" and the debit of account 58 "Financial investments" at par. After repayment of the debt, the amount received from the drawer must be referred to income in account 91.1, and the cost of the bill must be reflected in the expenses on account 91.2 "Other expenses". As a result, the financial result of the transaction should be formed equal to the discount.
