62 account for buyers and customers

In accounting, account 62 is used to control settlements with customers and customers. This register is designed to conduct analytical accounting for all documentation submitted to the customer, as well as to monitor incoming payments.

The accountant, who works with 62 accounts, fully reflects in the register all the data about the buyer. This approach allows you to quickly analyze:

• Terms of payment under the contract;
• To control overdue payments on the issued certificates;
• Accumulate advances received in the future services account;
• To watch bills for which the payment deadline has not arrived;
• To control overdue bill payments.

To divide by subaccounts 62 the account in the chart of accounts is not provided, therefore the accountant independently applies the analyst, convenient for the concrete organization. This division is necessarily reflected in the accounting policy of the company.

Retail can use the inv. 62 without analytics

To conduct 62 accounts without breakdown into sub-accounts is convenient for firms engaged in retail trade and receiving payment for goods in cash through a cash register. In retail, they are not interested in the buyer's data and do not make long-term contracts with him. Most often, all buyers fall into a single sub-run called "Private person".

Retail companies that sell items on installments, on terms of lending to citizens (not banks), often face such a difficult problem as tracking loan repayments. In this situation, mainly network stores selling expensive household appliances fall. It also becomes necessary to track advance payments in the event of prepayment for goods. Therefore, it would be more expedient to keep sub-accounts in the context of such customers.

It is worth noting that keeping an account with a link to certain sellers or managers can help in the fight against theft and control the correct execution of the order. The account clearly demonstrates which material person allowed a miscalculation when shipping or paying for goods.

The need for sub-accounts in wholesale trade

In wholesale and non-cash trade, the situation is different. 62 the account is conducted in the context of each contract of the counterparty. This is especially important when customers enter into several contracts with different terms and conditions.

With the use of sub-accounts, a rather time-consuming accounting is obtained. 62 the account is overgrown with nomenclature, but such works are justified, since they make registration convenient and reliable. Such maintenance of reports is also convenient in case of questions with tax authorities. Maximum transparency of payments is always encouraged.

62 account: posting

All fulfilled obligations with customers are always debited with sales invoices ( Д -т 62, к-т 90.1) and credited in correspondence with cash receipts (Д-т 51 к-т 62.1). Such postings are basic. The amounts of advances received are accounted for in separate sub-accounts (Д-т 51, к-т 62.2).

If the calculation is provided by an interest-bearing note, then 51 accounts are debited as payments are received , and interest falls on other incomes and expenses (p.91).

Using 62 accounts when working with branches

In the case when the organization has separate subdivisions and composes a consolidated balance sheet, accounting for settlements and liabilities with customers and buyers is conducted separately.

If the parent organization performs all the calculations for a separate subdivision, then wiring is mandatory. 79. For example, cash for the sale of goods and services are debited on the account "Intra-economic settlements", and is credited to 62 accounts (D-79, room 62). Branches are also required to introduce similar sub-accounts to the parent company for more convenient consolidation of the balance sheet.