Structure and content of account 141 (Advance account)

What is account 141? What method is used to account for account 141? Please refer to the following article of MISA MeInvoice to better understand account 141.

Note: You can see more information about other types of accounting accounts in the article see more.

See more: Accounting system according to the latest circular 200 Excel file 2022

Table of Contents Hide

1. Accounting principles for account 141 – Advance account

2. Structure and Content of Account 141
3. Accounting method for account 141 – Advance account
3.1 Accounting for advances to purchase raw materials and supplies
3.2 Accounting for advance salary
4. When should I use the 141 advance account?
Conclusion
1. Accounting principles for account 141 – Advance account
accounting principles account 141

Account 141 is an account used to reflect and

show advances of a business to employees working for them. At the same time, it also shows the payment status of those advances.

When accounting for account 141, both the advance recipient and the accountants need to ensure the following principles:

– Advances can be money or materials given greece telegram data  by the business to the employee. Advances are used to perform tasks and duties related to the business’s production and business. It can also be a task assigned by a superior.

– The person who advances as an individual or group will be responsible to the enterprise for that advance. The advance will only be used for approved work and must not be used for any other purpose.

If the advance is not fully used, it must be returned to the fund.

– The advance recipient will not be allowed to artificial Power in dream analysis  transfer the advance to anyone for use. When the task with the advance has been completed, the advance recipient needs to make an advance payment table. Accompanying that consumer data  are the original documents and certificates. Summarizing in a table helps to easily control and pay off the entire advance received, used and the difference between the amounts.

– If the advance is not used up but the person

in charge does not return it, it will be deducted from that person’s monthly salary. If the advance is not enough, the company will supplement it.

– Payment must be made in full before receiving the next period’s advance. This will be monitored and controlled by an accountant for each advance recipient. After that, full and detailed records of each advance receipt and payment will be kept.

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