receivables taken to mean the amount of debt that the company should pay the natural or legal persons, as a result of economic relations on a contractual basis.Accounts receivable may occur in the course of transactions involving the sale or hire of goods or services on credit.
Practice has repeatedly confirmed that, to date, none of the subjects to form a legal entity does not operate without the receivables, as its origin is easy to explain the real reasons:
• if we consider the matter on the part of the debtor - the existence ofreceivables helps to attract additional capital, with current assets of the enterprise remain intact;
• from the perspective of enterprise lending - receivables significantly expands the job market, sales of goods and services.
Funds, which include receivables enterprises are withdrawn from economic circulation organization, which, of course, can not be attributed to the pluses of its financial activities.In the period of economic activity can not be allowed a sharp increase in the debt, as the practice has been repeatedly identified cases of the collapse of economic entities, so the accounting of the enterprise have a great responsibility for the control of receivables.To ensure the sustainability of the enterprise must take into account one important point: receivables should exceed the sum of accounts payable.
Regardless of whether short-term or long-term receivables, overdue or it is real, it is possible to recover or hopeless, most importantly it must be properly taken into account and attributed to by the tax office did not have any issues.
Receivables comes after the conclusion of the loan agreement for the provision of services, activities, sales of products, goods accounted for supplying enterprise.But this does not exclude the point of transfer of receivables in arrears, as well as a situation where the buyer can not pay for its obligations in full.
registered in the amount of debt the company is reflected in the asset balance on a certain date prior to the moment when the buyer is not fully pay off for her.In the event that payment is not received on account of the company, naprime, due to liquidation of the buyer, the debt can turn into hopelessness, which may lead to having to write off.Besides it is necessary to do this within a certain date and documented.
to relate to doubtful debt hopeless and subsequently written off in its non-operating expenses, you need to consider one thing:
• limitation period - on the basis of civil law is three years.In that case, when the term of the contract is not written, the count comes from the time of filing claims for performance of the borrower and is seven days: Article 314 of the Civil Code.
Accounts receivable, on which the limitation period has already passed, is written off on the basis of data obtained as a result of inventory, order and a written justification of the director.
As if the retention period has expired, it is recommended not to destroy them, as in the absence of documentary evidence during a tax audit written off bad debts excluded from the costs and will make additional accrual interest and tax.
