Must monitor in detail the AP to suppliers by each object, regularly compare and check the timely payment AP to suppliers is recognized when purchase transactions are incurred but not yet paid to the.
• Must monitor in detail the AP to suppliers by each object, regularly compare and check the timely payment • AP to suppliers is recognized when purchase transactions are incurred but not yet paid to the seller, a reduction in suppliers 's payables is recorded when the enterprise pays debts, advances money to buy goods for the seller but have not received the goods, trade discounts, purchases at a discount, purchases of poor quality are returned • The time when enterprises record AP to suppliers is when they buy goods but have not yet paid for them, or goods purchased at the end of the month have arrived but have not yet been invoiced Enterprises write according to the provisional price, when the invoice arrives, it will be adjusted according to the actual price • Must regularly monitor the amount of payment, the balance to be paid to the supplier, periodically compare the outstanding balance with the supplier to have a plan to pay the debt accordingly There must be a table to track and categorize over time For suppliers with large balances, there must be balance reconciliation minutes • For payables in foreign currencies, both the original currency and the conversion to Vietnam Dong must be tracked At the end of the period, evaluate and adjust according to the actual exchange rate • At the end of the financial year, based on the detailed balance of each debit/credit side of account 331/131 to make the balance sheet The balance between the two parties cannot be cleared Used account and account structure: The account used to record the AP to suppliers is account 331 This account reflects the payments of the enterprise to the seller of supplies, goods and provision of services, fixed assets, financial investments under signed economic contracts This