How to account for a customer credit?

Client assets granted by an enterprise must be registered. But it all depends on the nature of the asset and the date on which it was granted. Back on this accounting manipulation essential for businesses.

Accounting for client assets during the year

When a customer credit is granted by the company at the same time as the fiscal year, it must imperatively be recognized at the beginning of a product account. Account 709, Rebates, rebates and rebates granted by the company, and account 4571, that is to say the VAT collected, should be debited . Credit 4111 Customers - Sales of Goods or Services is then credited. However, when the client has a fixed asset, then another accounting manipulation is required , ie debit the account 775 Revenue from the sale of assets and the 4571 VAT account collected, and credit Account 4111.

The accounting and tax treatment of crowdfunding

Raising funds through crowdfunding platforms implies the observance of some very strict rules  on accounting which depend on the status of the company benefiting:

The autoentrepreneurs will inscr ire revenues collected in the book of recipes . No VAT will be applicable to the project. The raised funds will be considered as turnover imposed under the micro-enterprise tax rules (micro-BIC or micro-BNC)

The individual entrepreneur (EI) must also record the income received as revenue . If , however, VAT is applicable (except in the case of exemption from VAT), the funds raised will be considered as turnover taxable according to the same rules as the micro-enterprise

The manager of a company will have to consider the funds received as products to be recorded in the accounts "771 Exceptional management products" or "758 Other products of day-to-day management". The VAT will be applicable once a counterpart appears. These transactions will be taxable in respect of income tax or corporation tax.