On the institutions to implement a centralized treasury payment processing accounts

Abstract: China's centralized treasury payment of administrative units of accounting reform. Institutions to implement a centralized treasury payment, in the original <<institution accounting system>> unchanged, from the assets of accounts in the addition of the "zero-balance account the amount of money "," should return the amount of financial "two subjects in the accounts and accounting aspects of dealing with change, in order to facilitate the institutions of accounting practitioners to understand and operate, the related accounting treatment are summarized and concluded.

Keywords: institutions, treasury centralized payment, accounts processing

Centralized treasury payment system for account management, application for funding, review the allocation, reconciliation, accounting, etc. are the clearly defined, standardized financial management and financial departments use a centralized treasury payment is divided into direct financial payments and financial authority to pay in two ways .

First, direct payments
1 Concept
Institutions need to pay when the funds should be based on departmental budgets and the financial sector with the section plans to apply for direct payments made by the financial department and, by the financial sector through financial zero-balance account to pay the money directly to the payee. Institutions should commissioned in the financial sector received financial zero-balance accounts to the fiscal agent bank transfer direct payments accounted for notice, the amount actually paid by the financial confirmation Financial assistance income.

2 related accounting treatment
(1 purchase of fixed assets, by: business expenses, loans: financial assistance income return of income or financial accounts, while, by: fixed assets, loans: Fixed Fund.

(2 purchase materials, by: material, Credit: Financial assistance income return of income or financial accounts.

(3 payment of wages, by: business expenses, loans: financial assistance income.

(4 year-end, based on budget targets this year the number of direct payments and direct payments the difference between the actual expenditures, by: the amount of finance should be returned, loans: financial assistance income the following year budget surplus of funds, by: business expenses, etc. , Credit: Financial limits should be returned.

Example, since 2009, A business unit of government procurement and centralized treasury payment system. Approved by the financial sector, the unit wage costs, more than 10 million items and procurement through direct financial payment, 10 million or less items financial and procurement through payment authorization.

In 2009, units of the financial sector approved A $ 30 million annual budget for the January-November A unit of financial accounts paid 1.29 million yuan, 1-section 2 November A unit of total expenditures 2700 million, of which direct financial payment of 2020 million (fiscal funds to pay 7.62 million yuan, extrabudgetary funds 1 258 million, financial authority to pay 6.8 million yuan (extra-budgetary funds in December with the section plans of 300 million, of which direct payments 2,000,000 million (fiscal funds to pay 690,000 yuan, the extra pay 1.31 million yuan, financial authority to pay $ 1.0 million (fiscal funds to pay $ 400,000 extra to pay $ 600,000. December's economic activities are as follows:
(12, A-unit purchases by the government signed a purchase contract for acquisition of fixed assets, the amount of 510,000 yuan contract, the contract from the contract within five days from the date of delivery, inspection .7 days after the payment, the purchased purchases of goods and invoices sent to the A unit, purchase invoices indicated on the purchase amount is 310,000 yuan, A unit after inspection submitted direct payments (financial account with the money turned over to pay) for, now, A units receive Treasury Bureau of the agent bank transfer payment to the extrabudgetary funds to pay the notice, A unit of the accounts should be handled:
By: Business expenses 510 000
Credit: financial accounts returned income - direct payments 510 000
At the same time:
By: Fixed assets 510 000
Credit: fixed assets 510 000
(28, A units receive the Treasury Bureau of the agent bank transfer payment to the direct financial payment notice and pay schedule, in December a total of 69 million has been wages directly into the A unit of account of wages. A unit of account should be transaction processing:
By: Business expenses 690 000
Credit: Financial assistance income - direct payments 690 000
(315 days, mobile collection unit to A when the company network usage fees 270,000 yuan, A unit receiving the invoice, according to the contract submitted applications for direct payments, 16, National Treasury Board for approval by, A units receive the state treasury to pay agency Bank transfer to the notice of direct payments accounted for: the mobile network usage fees paid 270,000 yuan, A unit of accounting should be handled:
By: Business expenses 270,000
Credit: financial accounts returned income - direct payments 270 000
(422, A-unit to the ABC to pay interest on loans 260,000 yuan, A unit of payment to the Treasury Board to submit a financial application for direct payments, 23, the Treasury paid through the Board for approval, A unit of the state treasury to pay the agent bank transfer receipt to the recorded a notice of direct payments, interest payments 260,000 yuan to ABC, A unit of accounting should be handled:
By: Business expenses 260 000
Credit: financial accounts returned income - direct payments 260 000
(527, A-unit of electricity to the Power Authority to pay 150,000 yuan in the month, A unit of direct financial payment applications submitted, 28, National Treasury Board for approval by, A units receive the state treasury to pay the fiscal agent bank transfer to direct recorded a notice to pay, A unit of accounting should be handled:
By: Business expenses 150,000
Credit: financial accounts returned income - direct payments 150 000
Year-end, direct financial payment, the amount of financial accounts is the return of 120,000 yuan, A unit of the accounts should be handled:
By: return the amount of financial accounts - direct payments 120,000
Credit: financial accounts returned income - direct payments 120,000
Second, the financial authority to pay
1 Concept
Institutions under the department budget and with the section plans, time and procedures required to apply for financial authority to pay the financial sector with the amount of money through the financial sector review, authorize the payment of the amount of financial institutions under the zero-balance accounts to the agent bank in the financial authority institutions under the Payment of the amount of money received, can be used for billing and payment, and institutions receiving unit in the zero-balance accounts to the fiscal agent bank transfer credited into account to authorize payment notice, the use of funds listed on the notice confirm the amount of financial assistance income.

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2 related accounting treatment
(1 public institutions received financial agent bank transfer to the authority a notice of payment credited into account, the amount stated on the notice, by: zero-balance account with the amount of money, loans: financial assistance income return of income or financial accounts.

(2 institutions to withdraw cash from a zero-balance accounts: By: Cash, Credit: zero-balance account with the amount of money.

(3 institutions acquired materials: By: material, Credit: zero-balance account with the amount of money.

(4) end of the year, for the financial authority to pay the remaining amount, according to the agent banks and institutions to provide the amount of the bill off when:
By: return the amount of financial accounts - financial authority to pay
Credit: Zero balance account with the amount of money
Cases (connected cases, 12 months A unit on the financial authority to pay the economic activities are as follows:
(13, A unit of the agent bank transfer receipt to the "Notice of financial authority to pay the amount credited into account", stated in the letter this month to pay the amount authorized is 100 million (funds $ 400,000 for the issuance of A unit The year-end awards, the extra 600,000 yuan. A unit of the accounts should be handled:
By: zero-balance account with the amount of money 1 000 000
Credit: Financial assistance income - financial authority to pay 400,000

Budgetary funds return income - financial authority to pay 600,000
(25, A-unit zero-balance accounts to withdraw cash from the 50 000. A unit of the accounts should be handled:
By: Cash 50,000
Credit: Zero balance account with the amount of money 50,000
(3) 7, A unit for reimbursement of travel costs 45,000 yuan, the accounts should be handled:
By: Business expenses 45 000
Credit: Cash 45,000
(410, A-number of units purchased materials, valued at 65,000 yuan, the 11 arrival, A unit received a list of purchase invoices and inspection of storage, audited, financial procedures are complete, A transfer unit out checks, now, A units receive the agent bank to bank transfer payment authorization notice, A unit of the accounts should be handled:
By: Material 65000
Credit: Zero balance account with the amount of money 65,000
(617, A-unit to receive the financial agent bank transfer credited into account to authorize payment notice, to pay C's purchase of coal Items 60 000 yuan, A unit of the accounts should be handled:
By: Business expenses 60,000
Credit: Zero balance account with the amount of money 60,000
(720, A-unit to receive the agent bank transfer credited into account the financial authority to pay notice pay? Chang printing printing 55 000 yuan, A unit of the accounts should be handled:
By: Business expenses 55 000
Credit: Zero balance account with the amount of money 55000
(821, A-unit zero-balance accounts to withdraw cash from 350,000 yuan, for the issuance of the units in the second half of the pay for performance, A unit of the accounts should be handled:
By: Cash 350,000
Credit: Zero balance account with the amount of money 350 000
(926, A-unit performance payroll is completed, A unit of the accounts should be handled:
By: Business expenses 350,000
Credit: Cash 350,000
(10) 27, A unit of zero-balance accounts to withdraw cash from 400,000 yuan, for the payment of year-end awards, A unit of the accounts should be handled:
By: Cash 400,000
Credit: Zero balance account with the amount of money 400 000
(1130, A-unit year-end award payment is completed, the accounts should be handled:
By: Business expenses 400,000
Credit: Cash 400,000
(1231, A-unit receives the agent bank statements, canceled zero-balance account balances 20 000 yuan, A unit of the accounts should be handled:
By: return the financial limits should be - financial authority to pay 20,000
Credit: Zero balance account with the amount of money 20000

References:
[1] 2010 <<Intermediate Accounting Practice>> electronic version of the [K].

[2] National Accounting Institute Senior Accountant Exam Tips Case full version of [K]

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