Balance Sheet: Your Accounts Payable Will Speak.

Through the proportion of accounts payable and inventory, intuitive information can be obtained. Generally speaking, enterprises will pay cash more or less when purchasing inventory, plus some accounts payable, the accounts will not be very long, and the proportion of accounts payable and inventory will not normally exceed 100%.

Taking account of the cost of production in the inventory of industrial enterprises, including the wages and depreciation in inventory commodities, the proportion of non payable accounts should be lower.

Of course, since the balance sheet is the time point, it needs to be revised through multi period comparison. It does not exclude that the proportion of accounts payable and stock accounts at a specific time point exceeds 100%.

If an enterprise is related to a supplier, its accounts payable do not have commercial essence, and its impact should be excluded in the analysis.

For accounts payable

The analysis starts from two aspects:

First, the analysis of the increase or decrease of the final balance of accounts payable;

Second analysis of changes in accounts payable and inventory changes;

Analysis of the changes in the balance of accounts payable at the end of the first period

There are 3 points to be considered for the long term closing of accounts payable:

(1) does the enterprise exist false invoices?

Because the enterprise controls the value added tax burden, because of the demand for the input tax, it makes false invoices. Because the invoices only need to pay tax points, it leads to the cashflow corresponding, thus making accounts payable for a long time.

(do not laugh at it. Do not think that there is no risk of cash flow correspondence. Do you want to know what the tax bureau knows about the false invoices?

(2) does the enterprise have no ticket stock?

Because the enterprise does not invoke the purchase goods for the purpose of saving the cost of purchase, the purchase of the goods is valued into the warehouse. In fact, such behavior does not really save. The enterprise must bear the cost of pre tax deduction for the goods without invoices, and pay more personal income tax for dividends.

The number of accounts opened outside the business is found to be two payables which can not be paid for the pfer of accounts receivable. The tax payer has looked at the accounts payable accounts in accordance with the two accounts payable, and found that there are still several accounts that have not occurred in the whole year, but the credit has been pferred to the long-term accounts payable. The summary is simply written about the pfer, and the total number of similar cases is 6. The tax officers then asked the financial personnel of the enterprise that the financial explanation was that these businesses had become purely debt relations, so they no longer hung accounts payable accounts, and the tax officials asked: are these accounts all unable to be paid? The financial officer said, "this is not easy to say, it's not easy to say that it has been debited for 5 or 6 years." case: a company in Guangdong, tax officials to check annual income tax settlement, found two items in the extra income.

According to Article sixth (nine) of the enterprise income tax law, other income refers to the excess income of the enterprise assets acquired by the enterprise, the deposit receivable of overdue unpackaged assets, the amount that can not be paid properly, the receivables recovered after the disposal of the bad debts, the income from debt restructuring, the income from subsidies, the income from liquidated damages, and the proceeds of exchange.

What is the amount of payables that can not be paid? There is no definite stipulation for the central regulations in respect of accounts payable which are not payable.

However, there are provisions in individual areas for reference only.

The Hebei Provincial Local Taxation Bureau announcements on certain business issues of enterprise income tax (Hebei provincial taxation bureau announcement No. 4 2014) tenth stipulates that the payables that enterprises are unable to pay due to creditors' causes, including accounts payable over three years and accounts payable not paid during the liquidation period, shall be incorporated into the current taxable income to pay enterprise income tax.

If a firm can provide conclusive evidence (that is, a written statement of a creditor's legal liability or a certificate of the creditor's tax authority), it can prove that the creditor does not confirm the loss and the effective evidence before deducting the tax and the legal litigation documents. The proof that the creditor does not confirm the loss and deducts it before tax can not be incorporated into the current taxable income.

The accounts payable that are incorporated into the current taxable income shall be paid in the following years, and be deducted before the permitted tax in the year of payment.

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