What do I need to carry forward for both monthly and annual accounting? Ask for a detailed answer

Month-end carry-forward profit and loss:

Carry-forward income:

Borrow: main business income.

Other business income.

Investment income Subsidy income.

Non-operating income.

Credit: Profit for the year.

Carry forward various costs and expenses:

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

Taxes and surcharges on the main business.

Other operating expenses.

Selling Expenses Administrative Expenses.

Finance Expenses. Non-operating expenses.

Income tax expense.

End. Profit:

Borrow: Profit for the current year.

Credit: Profit distribution – undistributed profit.

Loss: Debit: Profit Distribution – Undistributed Profit.

Credit: Profit for the year. Wait a minute.

1. At the end of the year, the net profit realized in the current year after the income and expenditure of the current year are offset and carried forward to the profit distribution account.

2. The accounts that need to be carried forward are profit and loss accounts.

3. The accounting entries that need to be carried forward are:

1. Carry-over income:

2. Carry-over costs and expenses:

Borrow: Profit for the current year.

Credit: Cost and expense accounts (main business costs, main business taxes and surcharges, operating expenses, management expenses, financial expenses, etc.).

3. Calculation of income tax payable:

Borrow: Income tax expense.

Credit: Tax Payable - Income Tax Payable.

4。Carry income tax forward to the Profit This Year account:

Borrow: Profit for the current year.

Credit: Income tax expense.

5. The profit of the year is carried forward to the undistributed profit

1) Net profit realized for the current year after offsetting the income and expenses of the current year:

Borrow: Profit for the current year.

Credit: Profit distribution – undistributed profit.

2) In the case of a loss:

Debit: Profit distribution - undistributed profit.

Credit: Profit for the year.

Accounts that are generally carried forward at the end of January.

1. Carry-over of income.

Borrow: main business income, other business income, non-operating income.

Credit: Profit for the year.

2. Carry-over of expenses during the period.

Borrow: Profit for the current year.

Credit: administrative expenses, operating expenses, financial expenses.

3. Carry-over of costs.

Borrow: Profit for the current year.

Credit: Cost of main business, other operating expenses, non-operating expenses.

4. Carry-over of taxes.

Borrow: Profit for the current year.

Credit: main business tax and surcharge, income tax.

2. Year-end carry-over entries.

1. Profit and loss carry-over.

Debit: Profit distribution - undistributed profit.

Credit: Profit for the year.

2. Carry-over of profits.

Borrow: Profit for the current year.

Credit: Profit distribution – undistributed profit.

Carry-forward entries for month-end accounting.

1. Accrual of employee welfare expenses, employee education expenses, and trade union funds.

1. Employee welfare expenses shall be withdrawn at 14% of the total salary.

Borrow: Administrative Expenses - Employee Benefits.

Credit: Welfare expenses payable.

2. Withdraw the education expenses of employees according to the total salary.

Borrow: Management Expenses - Staff Education Expenses.

Credit: Other Payables - Employee Education Expenses.

3. Withdraw trade union funds at 2% of the total salary.

Borrow: Administrative Expenses - Union Funds.

Credit: Other Payables - Trade Union Funds.

2. Depreciation of fixed assets.

Borrow: Administrative Expenses - Depreciation Expenses.

Credit: Accumulated depreciation.

3. Amortization expenses.

Borrow: Administrative expenses (or operating expenses, etc.).

Credit: Expenses to be amortized (or long-term to be amortized).

Fourth, the accrual of taxes.

Borrow: main business tax and surcharge.

Credit: Tax Payable - Business Tax.

Urban construction tax. Other payables - education fee surcharge.

5. Carry forward various incomes.

1. Carry forward the main business income.

Borrow: main business income.

Credit: Profit for the year.

2. Carry forward other business income.

Borrow: Other business income.

Credit: Profit for the year.

3. Carry forward non-operating income.

Borrow: Non-operating income.

Credit: Profit for the year.

6. Carry-over costs, expenses and taxes.

1. Carry-forward costs.

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

2. Carry forward other business expenses.

Borrow: Profit for the current year.

Credit: Other operating expenses.

3. Carry forward non-operating expenses.

Borrow: Profit for the current year.

Credit: Non-operating expenses.

4. Carry forward taxes.

Borrow: Profit for the current year.

Credit: Principal business tax and surcharge.

7. Carry forward various expenses.

1. Carry forward management expenses.

Borrow: Profit for the current year.

Credit: Administrative expenses.

2. Carry forward financial expenses.

Borrow: Profit for the current year.

Credit: Finance Expense.

3. Carry forward operating expenses.

Borrow: Profit for the current year.

Credit: Operating expenses.

8. Quarterly income tax.

1. When extracting.

Borrow: Income tax.

Credit: Tax Payable - Income Tax.

2. Carry forward income tax.

Borrow: Profit for the current year.

Credit: Income Tax.

3. Pay income tax.

Borrow: Tax Payable - Income Tax.

Credit: bank deposit or cash.

These are the two different accounting methods for this year's profits, one is the statement method and the other is the account method.

The statement is that all kinds of profit and loss accounts only need to carry forward the amount and accumulated balance of the current month at the end of each month, and do not carry forward to the "current year's profit", and only carry forward the current year's profit at the end of the year. In this way, no accounts are made at the end of the month.

The accounting method is to prepare entries at the end of each month, and transfer the balance of each profit and loss category to the "profit of the year" account.

Cost, borrow: profit for the current year.

Credit: Main Operating Costs, Other Business Costs, Administrative Expenses, etc.

For income, borrow: main operating income, other business income, etc.

Credit: Profit for the year.

The year-end carryover is the same as the month-end carryover, and there is nothing special about it. At the end of the year, it is generally necessary to do "income tax to be settled and paid", and it is best to do the entries of the final settlement in the accounts of the current year. If you do it in the next year, use the "Profit and Loss Adjustment for Previous Years" account.

1.Generally, there are carry-forward income entries are:

Borrow: main business income.

Borrow: Other business income.

Borrow: Non-operating income.

Credit: Profit for the year.

2.Carry-forward period fees.

Borrow: Profit for the current year.

Credit: Administrative expenses.

Credit: Selling expenses;

Credit: Finance Expense.

3. Carry-over costs.

Borrow: Profit for the current year.

Credit: main business expenditure;

Credit: Other operating expenses.

Credit: Non-operating expenses.

Credit: Business Tax & Surcharge;

4.carry-forward of undistributed profits;

Borrow: Profit for the current year.

Credit: Profit distribution" undistributed profits, etc.

5.(According to the resolution of the board of directors of the company, the surplus reserve shall be accrued, etc.).

The year-end carryover is the same as the month-end carryover, and there is nothing special about it. That is, the income tax should be settled and paid, and it is best to make the entries of the final settlement in the accounts of the current year. If it is done in the next year, it is necessary to adjust the "profit and loss adjustment for previous years".

If there are some expenses to be amortized in the usual account, they generally cannot be reversed across years. The invoice for this year's expenses must be reimbursed in this year, and the taxable income cannot be deducted in next year's accounts.

In addition, a statutory surplus provident fund must be withdrawn at the end of the year.

Nothing else seems to be special.

If you are carrying forward every month, then after the end of December, there is still a balance carried forward to the next year, which should be noted in the summary column or stamped on the account page with the words "carried forward to the next year".

The balance of operating income, management expenses and other accounts is transferred to the profit of the current year.

Accounts that are generally carried forward at the end of January.

1. Carry-over of income.

Borrow: main business income, other business income, non-operating income Loan: profit for the year.

2. Carry-over of expenses during the period.

Borrow: Profit for the current year.

Credit: administrative expenses, operating expenses, financial expenses.

3. Carry-over of costs.

Borrow: Profit for the current year.

Credit: main business costs, other business expenses, non-operating expenses4, tax carryover.

Borrow: Profit for the current year.

Credit: main business tax and surcharge, income tax.

2. Year-end carry-over entries.

1. Profit and loss carry-over.

Debit: Profit distribution - undistributed profit.

Credit: Profit for the year.

2. Carry-over of profits.

Borrow: Profit for the current year.

Credit: Profit distribution – undistributed profit.

Carry-forward entries for month-end accounting.

1. Accrual of employee welfare expenses, employee education expenses, and trade union funds.

1. Employee welfare expenses shall be withdrawn at 14% of the total salary.

Borrow: Administrative Expenses - Employee Benefits.

Credit: Welfare expenses payable.

2. Withdraw the education expenses of employees according to the total salary.

Borrow: Management Expenses - Staff Education Expenses.

Credit: Other Payables - Employee Education Expenses.

3. Withdraw trade union funds at 2% of the total salary.

Borrow: Administrative Expenses - Union Funds.

Credit: Other Payables - Trade Union Funds.

2. Depreciation of fixed assets.

Borrow: Administrative Expenses - Depreciation Expenses.

Credit: Accumulated depreciation.

3. Amortization expenses.

Borrow: Administrative expenses (or operating expenses, etc.).

Credit: Expenses to be amortized (or long-term to be amortized).

Fourth, the accrual of taxes.

Borrow: main business tax and surcharge.

Credit: Tax Payable - Business Tax.

Urban construction tax. Other payables - education fee surcharge.

5. Carry forward various incomes.

1. Carry forward the main business income.

Borrow: main business income.

Credit: Profit for the year.

2. Carry forward other business income.

Borrow: Other business income.

Credit: Profit for the year.

3. Carry forward non-operating income.

Borrow: Non-operating income.

Credit: Profit for the year.

6. Carry-over costs, expenses and taxes.

1. Carry-forward costs.

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

2. Carry forward other business expenses.

Borrow: Profit for the current year.

Credit: Other operating expenses.

3. Carry forward non-operating expenses.

Borrow: Profit for the current year.

Credit: Non-operating expenses.

4. Carry forward taxes.

Borrow: Profit for the current year.

Credit: Principal business tax and surcharge.

7. Carry forward various expenses.

1. Carry forward management expenses.

Borrow: Profit for the current year.

Credit: Administrative expenses.

2. Carry forward financial expenses.

Borrow: Profit for the current year.

Credit: Finance Expense.

3. Carry forward operating expenses.

Borrow: Profit for the current year.

Credit: Operating expenses.

8. Quarterly income tax.

1. When extracting.

Borrow: Income tax.

Credit: Tax Payable - Income Tax.

2. Carry forward income tax.

Borrow: Profit for the current year.

Credit: Income Tax.

3. Pay income tax.

Borrow: Tax Payable - Income Tax.

Credit: bank deposit or cash.

Raw materials, low-value consumables, and production costs are also carried forward on a monthly basis (the principle of matching costs with revenues), or how to have gross profit analysis statements, income statements, and balance sheets! The method of carry-over should be based on the nature of your company's main business, generally there are batch method, classification method, step method, the simplest is the batch method; You can also use the planned costing method, which requires you to have a very good budget or more advanced financial software (such as SAP).

At the end of the year, the profit of the year will be settled to: profit distribution - undistributed profit account, and the surplus reserve and enterprise income tax will be accrued.

In addition to the carry-over at the end of the year, it is also necessary to carry forward the balance of the current year's profit to the profit distribution - undistributed profit, borrowing: the current year's profit.

Credit: Profit distribution - undistributed profits (such as losses to make the opposite entries) are general taxpayers, it is necessary to make the tax payable - VAT payable accounts to make the opposite entries.

Debit: Tax Payable - VAT Payable - Output Tax.

Credit: Tax Payable - VAT Payable - Input Tax.

Tax payable - VAT payable - input transfer out.

Tax payable - VAT payable - transfer out the unpaid VAT amount to adjust the balance of the settlement of current accounts (that is, a few corners and a few points).

Borrow: All income accounts (main business income, other business income, non-operating income, investment profit).

Credit: All cost accounts (main business costs, other business costs), all period expense accounts (management expenses, sales expenses, financial expenses), other expenses (non-operating expenses, investment losses), main business taxes and surcharges.

At the end of each quarter, the income tax payable for the current period is calculated based on the total profit, and if there is income tax payable, then:

Borrow: Income tax.

Credit: Tax Payable - Income Tax.

Borrow: Profit for the current year.

Credit: Income Tax.

If it is negative, no entries will be made, or reverse entries will be made to offset the income tax of the previous quarter, and the income tax payable for the current year will be settled at the end of the year.

You can use the software to automatically carry forward the profit and loss, and transfer the amount of profit and loss accounts accordingly, and the balance at the end of the month is 0

Borrow: main business income.

Other business income.

Non-operating income.

Credit: Profit for the year.

Cost of Principal Operations.

Other business costs.

Non-operating expenses.

Principal business tax and additional income tax.

The cost of manufacturing expenses (according to the usage of the distribution table) is carried forward for the related recorded finished products (the distribution table is made according to the completion of the finished products and the products in progress), and the costs of the sold products are carried forward.

All profit and loss account balances are carried forward to Profit for the Year

Finally, the profit is carried forward to the "undistributed profit".