Common Accounting Entries and Transactions

General Operations

• COBRA Interests: (572) (473) to (761)
• COBRA Shares: (572) (473) to (760)
• COBRA Income: (572) (473) to (762)
• Service Provision: (440) to (759) (477)
• Lease to Local Company: (440) (4751) to (752) (477)
• Patent Usage Rights: (440) (473) to (477) (753) *retention*
• Quarterly Bank Account Settlement: (627) (472) to (572) / (572) (662) (626) (473) to (762)
• Service Provision: (440) to (759) (477)
• Company Vehicle Transport: (440) to (759) (77)

Sales Transactions

• Merchandise Returns (Not Adjusted): (768) (477) to (430)
• Prompt Payment Discount: (706) (477) to (430)
• Volume Discount (Rappel): (709) (477) to (430)
• Packaging Returns: (437) (477) to (430) / (437) (704)
• Advance Payment for Future Sale: (57) to (438) (477) *VAT discounted*
• Apply Advance Payment to Sale: (430) (438) to (700) (477)
• Acceptance of Bill of Exchange: (4310) to (430)

Purchase Transactions

• Purchase Packaging, Payment Accepted: (602) (472) to (401)
• Return of Defective Materials: (400) to (406) (472)
• Purchase Materials with Packaging (Invoice Recall): (601) (406) (472) to (400)
• Apply Previous Advance to Purchase: (600) (472) to (407) (400)
• Volume Discount Received (Rappel): (400) or (57) to (609) (472)
• Return of Packaging: (400) to (406) (472) / (602) (406)
• Acceptance of Bills of Exchange (Payable): (400) to (401)
• Advance Payment for Future Purchase: (407) (472) to (57)
• Supplier Pays Debt: (401) to (57)

Bill Discounting

• Discounting Bill of Exchange: (4311) to (4310)
• Bank Advances Funds for Discounted Bill: (572) (665) (626) to (5208) or (4311)
• Bill Matures and Client Pays: (5208) to (4311)
• Defaulted Bill of Exchange: (4315) to (4311) / (5208) (626) to (572)
• New Bill Issued for Unpaid Bill + Expenses: (4310) to (4315) (762)

Collection Management

• Bank Manages Bill Collection: (4312) to (4310)
• Bank Service Charges: (626) (472) to (572)
• Bill Matures and is Paid (via Bank): (572) to (4312)
• Bank Charges upon Bill Payment: (572) (626) (472) to (4312)
• Bill Matures Unpaid (via Bank): (4315) to (4312) + Return Expenses: (626) (472) to (572)
• Payment Received for Unpaid Bill + Expenses: (572) to (4315) (762)

Payroll Processing

• Payroll Entry: Gross Salary (640), Employer Social Security (642) to Employee Social Security Payable (476), Income Tax Withholding (4751), Net Pay (572)
• Monthly Social Security Payment: (476) to (572)
• Quarterly Income Tax Withholding Payment: (4751) to (572)
• Advance Payment to Employee: (460) to (572)
• Detailed Payroll Entry: Gross Salary (640), Employer Social Security (642) to Net Pay (572), Employee Social Security Payable (476), Income Tax Withholding (4751), Other Payables (465), Other Payroll Expenses (646)