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What do you mean by advance payment?
Advance payment refers to the fact that an enterprise collects money from customers, but does not provide services or commodities, but temporarily keeps the income in an account for future use when providing services or commodities. Accounts received in advance are an important part of enterprise income and an important tool for enterprise financial management.

1. What is an advance payment? Advance payment refers to the fact that an enterprise collects money from customers, but does not provide services or commodities, but temporarily keeps the income in an account for future use when providing services or commodities.

2. Importance of advance payment: advance payment is an important part of enterprise income and an important tool for enterprise financial management. It can help enterprises to improve the liquidity of funds, increase income, reduce financial risks, improve the financial situation of enterprises and make contributions to the development of enterprises.

3. Types of advance payment: advance payment can be divided into deposit, advance payment and advance payment. Deposit refers to the money paid by customers before ordering, and advance payment refers to the money paid by enterprises before ordering raw materials, spare parts and so on. And advance payment refers to the money collected by the enterprise before delivery.

4. Advantages of advance payment: The advantage of advance payment is that it can improve the liquidity of enterprises, reduce the financial risks of enterprises, improve the financial situation of enterprises and contribute to the development of enterprises.

5. Precautions for advance payment: When collecting advance payment, enterprises should pay attention to the safety of funds to avoid the loss of funds, and go through relevant procedures in strict accordance with the provisions of financial management to ensure the legitimacy and effectiveness of finance.

6. Management of accounts received in advance: Enterprises should regularly manage accounts received in advance, regularly check the flow of funds, find problems in time and take effective measures to solve them in time. At the same time, enterprises should also regularly check the use of accounts received in advance to ensure the rational use of funds.