Professional Accounting Sales Circular 200 Latest Standards

Operations of buying and selling is one of the major operations of the organizational unit, business. In which, services related to accounting, sales the role is extremely important in the management of cash flow transactions. The following article, we will be deep and learn more about the function and the profession of accounting what is merchandising.

1. Accounting sales has what mission?

Current accounting sales in the enterprise mission:

• Reflects the current status of the business activity arising in the process of selling a full, accurate and timely. Perform the calculation of the price of capital for the purchase, sale, provision for decline in value of inventories. Sales of a proper fit to serve the business. Perform the inventory, preservation, and ensure safety for goods storage.
• Perform full, timely and accurate cost, revenue, results of operations and business of the enterprise in the period plan payment.
• Synthesis report and provide information on demand management.

Aside from the tasks already listed, accounting, sales can also perform other duties assigned by the statistics, mathematics or head of the department assigned. And to reduce the workload for accounting. Today's businesses often put the software on to support. And AccnetERP will is one of the tools and points to reliable for business.

2. Accounting what is merchandising?

Professional accounting sales is a skill that every accountant needs to have in order to control public debt, the expenses of the business. Directly related to the duties of the sales process. Each industry sector will have their own special features. So, professional accounting sales also differ to suit the field of goods and services. And the following is the basic relevance of accounting sales, can refer to cater for business as follows:

• Domain supermarket: check updates regularly the condition of the goods. Storage bill for projectors revenue was purchased summed up periodically to avoid the wrong number. Perform calculations promotions, incentives.......
• Agents: business implementation of warehouse goods sent to the agent. Or out of a VAT invoice with goods sent for sale to dealers. Make and send statements revenue recognition and financial cost of sending agents.
• Fields import export: related to the direct export and export the trustee.
• Hotel restaurant: update and calculate the prices into specific.

3. The accounting profession sales details most standard

The profession of accounting, sales details, the best that the business may refer to

3.1 accounting sales price on the contract

For the profession of accounting, sales arising under the price on the contract of sale, he will have the operation as follows:

• Staff sales/business development signed the sales contract with the customer
• To delivery time staff sales/business will require export
• Accounting implementation of warehouse and shipping for the chief of department approved
• Storekeeper goods and carrying
• And business staff or delivery conducting delivery for customers
• The services related to accounting, sales is recorded sales
• Proceed invoice for customers
• Conduct traffic bills and to customer requirements payments

Guide accounting: Noted for revenue:

• Professional accounting sales recorded Debt TK 111, 131: the Total price payment
• Recorded with TK 511, 512: sales turnover excluding tax
• Recorded with TK 3331: VAT payable, if any, regarding the output VAT.

Price information capital:

• Debt TK 632: the Price of capital in the sale
• Have TK: 152, 156...

collect money sales recorded:

• Debt TK: 111, 112
• There are 131 : cash receivables of customers

3.2 The profession of accounting, sales have trade discounts

While agreement parties if the transaction of purchase and sale with a large amount of goods, then there will be the about trade discount, then the sales process will be done as follows:

• Quotation base on the actual needs of customers
• After the unification and agree on delivery, sales proposals export warehouse
• Accounting implementation of warehouse and shipping for the chief of department approved
• Storekeeper goods and carrying inventory to track
• And business staff or delivery conducting delivery for customers. And making suggestions to customers affected trade discount if eligible discounts.
• Accounting sales made record sales, debt, and track work for the client to enjoy the discount.
• Proceed invoice for customers
• Conduct traffic bills and sign the minutes of the confirmation of the original invoice.

The definite guide account Revenue:

• Debt TK 111, 131: the Total value to be paid
• Have TK 511, 512: sales revenue
• Have TK 3331: value added Tax required to submit (if any)

Account trade discounts to customers are recorded:

• Debt TK 5211 trade Discount
• Debt TK 511: sales revenue
• Debt TK 33311: output VAT is reduced
• Have TK 111, 112, 131: the Total amount to be discounted

3.3 The services related to accounting, sales promotion

Sales promotion there will be 2 cases as follows: Case sales promotion with no conditions have activities such as:

• Before proceeding with the program:

Sign up promotions with the Department of trade and Industry . Before the date of promotion at least 7 days. Once approved, they made suggestions of stock goods. Not registered with department of trade and Industry. Based on promotions establishment suggested stock goods.

• Set up warehouse to the chief accountant, secretary browser.
• Storekeeper warehouse export based on the information of the warehouse.
• Carrying inventory and bookkeeping warehouse.
• Division will bring the goods to execute the program.
• Accounting invoice for the promotion and recognition of the cost of implementation.

The account:

• Debt TK 641 – Cost of sales
• Debt TK 6421 (TT133)
• Have TK 155, 156

Case sales promotion with conditions that activities such as:

• Set up warehouse to the chief accountant, secretary browser
• Storekeeper warehouse export based on the information of warehouse and carrying inventory
• Business staff in charge will bring the goods delivered customer
• Accounting recorded sales revenue and sales of goods promotion
• Accounting and invoice for customers
• After promotions sales staff for screening and identifying conditions for customers to enjoy the promotion. And proceed with paying customers
• Reporting results promotions sent to the Department of trade and Industry

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3.4 accounting sales discounts

Professional accounting sales discount will usually have the operation as follows:

• Make a record if the purchase of not properly of the discount program under a contract signed with the customer.
• Invoice discount for the customer
• Accounting and bookkeeping

The account:

• Debt TK 5213 – Discount sales without VAT
• Debt TK 3331 – VAT payable of the seller to reduce the price
• Have the TK 111, 112, 131...

3.5 accounting for sales return

For the case of customers receiving incorrect and returned, then the task of accounting is set up, stock based on the number of rows is recorded in the repository.

• The two sides set up a memorandum of the problem and causes a return.
• Side returns need to provide full warehouse, a memorandum of receiving the delivery.
• Invoicing item number pay with side return
• Establishment receipt and give it to the party receiving the returned goods

The account Getting back row is returned:

• Debt TK 154, 155, 156,...
• Have TK 632 cost of goods sold

Payments returned goods:

• Debt TK 531 sales returns.
• Debt TK 3331 VAT (if any).
• Have TK 111, 112, 131,...

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Hope the information about the professional accounting sales due to AccNet instructions in this article to help accountants and business made good the accounting jobs sales at the end of the year 2022 this.

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