Whether the purchased financial software is an intangible asset

Yes, it is most common to include outsourced financial software as an intangible asset, and not all software is included in an intangible asset.

1. If the software is purchased together with the physical fixed assets and are inseparable, it should be included in the fixed assets.

2. If purchased separately, it can be used as intangible asset management under certain circumstances.

The tangible and tangible aspects of fixed assets mainly refer to whether they have a physical form.

Intangible assets in a broad sense include financial assets, long-term equity investments, patent rights, trademark rights, etc., because they do not have a physical entity, but are manifested as some legal rights or technologies.

Definition of some foreign scholars.

Definition proposed by Paton.

In his 1922 book "Accounting Theory", Payton defined intangible assets in a broad sense as "any valuable compensating object, factor or element attributable to an enterprise that does not have a physical form and has a long life".

Author] Wan Le Chen Hua.

Author's Affiliation】Beijing【Abstract】Due to the Accounting Standards for Business Enterprises.

There are no clear provisions on the accounting treatment of purchased financial software in the "Accounting System for Business Enterprises", so all enterprises and institutions.

Some are even included in fixed assets.

Among them, the inclusion of purchased financial software in intangible assets is the most common and seems to be the most accurate. However, the author has a different view on this, and the analysis is as follows.

1. Characteristics of intangible assets.

Extrinsic characteristics. Discontinuities. Intangible assets generally represent some kind of right, and they do not have a real fixed form like tangible assets.

Long term. Intangible assets can be used for the benefit of the business for multiple business periods in the future. Uncertainty about future earnings.

On the one hand, as the upgrading and updating of technology is accelerating, the possibility of intangible assets being replaced exists at any time; On the other hand, intangible assets such as goodwill and patent rights can bring benefits to the enterprise, but it is impossible to accurately calculate how much value is generated. Paid nature of use. In order to have ownership or use of an intangible asset, you must pay a certain fee.

Software is an intangible asset. It can generally be classified as copyright, also known as copyright or non-patented technology. If the software developed by the enterprise is sold to the outside world, the software sold in these markets must obtain a copyright number, and this kind of software belongs to copyright.

Intangible assets usually include patent rights, non-patented technology, trademark rights, copyrights, concession rights, and land use rights. 1) Patent right: refers to the exclusive right granted by the national patent authority to the applicant for an invention-creation patent within the statutory time limit, including the right to invent an invention, a patent for utility model, and a patent for a design.

2) Non-patented technology: also known as proprietary technology, refers to various technologies and know-how that are not known to the outside world, should be used in production and business activities, do not enjoy legal protection, and can bring economic benefits. (3) Trademark rights:

Refers to the right to use a particular name or pattern exclusively on a specified class of goods or products. (4) Copyright: Some special rights enjoyed by producers in accordance with the law for the literary, scientific and artistic works they create.

5) Franchise: also known as franchise, franchise, refers to the right of an enterprise to operate or sell a specific commodity in a region or the right of an enterprise to accept another enterprise to use its trademarks, trade names, technical secrets, etc. (6) Land use rights:

It refers to the right of development, utilization and operation of state-owned land granted by the state to an enterprise within a certain period of time. (7) Business secrets.

Article 1 of the Regulations on the Protection of Computer Software These Regulations are formulated in accordance with the "Copyright Law of the People's Republic of China" in order to protect the rights and interests of computer software copyright holders, to adjust the interests of computer software in the development, dissemination and use of computer software, to encourage the development and application of computer software, and to promote the development of the software industry and the informatization of the national economy. Article 2 of the Regulations on the Protection of Computer Software The term "computer software" (hereinafter referred to as software) as used in these Regulations refers to computer programs and their related documents.

<> not all software is counted as an intangible asset:

If the software is purchased together with the physical fixed assets and are inseparable, they should be included in the fixed assets; If purchased separately, it can be used as an intangible asset under certain circumstances.

The tangible and tangible aspects of fixed assets mainly refer to whether they have a physical form.

Moreover, judging from some documents of the State Administration of Taxation, enterprises are also allowed to manage software as fixed assets or intangible assets.

Whether the financial software purchased by the company is included in administrative expenses or intangible assets.

1. For software with relatively high value, the purchase cost is included in the intangible assets and amortized during the benefit period.

2. The cost of its supporting computer servers should be included in fixed assets

3. If the unit buys small software, the cost is not high, and it can be included in the management fee.

4. If the cost is very high, it is recommended to contact the local national tax to avoid overpaying tax adjustments.

5. Generally speaking, the secondary development expenses are not very large, and can be directly included in the current profit and loss. It can also be included in intangible assets for amortization.

6. If you enter fixed assets, you must deduct input tax.

After a detailed introduction to the problem in this article"Is financial software an intangible asset?".I believe everyone has an understanding of this type of financial knowledge. If you have other financial questions about the accounting subject, you can consult our ** teacher**.

I believe that many companies that are not manual accounting operations will buy financial software, so should the company include intangible assets when buying financial software? Let's learn with Deep Space Net!

Does the financial software purchased by the company be included in the intangible assets?

If the computer software purchased by the taxpayer is purchased together with the computer and meets the standard of fixed assets, then according to the provisions of the current accounting system for enterprises, it must be included in the fixed assets as a part of the fixed assets, and cannot be accounted for as intangible assets alone; If the recognition conditions for the fixed pre-start asset are not met, it will be treated as a period expense. If the taxpayer acquires the software separately, and the purchased software also meets the conditions for the recognition of intangible assets stipulated in the accounting system or accounting standards, then it shall be recognized as intangible assets and accounted for in accordance with the accounting method of intangible assets. If it does not meet the conditions for recognition of intangible assets, it is treated as a period expense.

It should also be noted here that if the computer and computer software are purchased together, but the computer purchased is used as tax control equipment such as the Golden Tax Project, it shall be paid in a lump sum before the income tax is calculated and paid in the current period. The special equipment of the tax control system includes the tax control gold tax card, the tax control IC card and the card reader; General equipment includes computers and printers for the issuance of special invoices by the tax control system.

Therefore, the purchase of software does not necessarily mean that it is accounted for as intangible assets, and it needs to be specific and specific.

The cost of purchased intangible assets mainly includes the purchase price, relevant taxes, testing fees, registration fees, etc., how should the accounting treatment be done for the business of purchasing intangible assets?

Accounting entries for purchased intangible assets.

Borrow: intangible assets - non-patented technology, etc.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

What is the meaning of intangible assets?

Intangible assets refer to identifiable non-monetary assets owned or controlled by an enterprise that do not have a physical form, mainly including patent rights, trademark rights, etc.

The "Intangible Assets" account is an asset class account.

How are intangible assets amortized?

The amortizable amount of an intangible asset is the amount of its cost after deducting the estimated residual value. For intangible assets for which provision for impairment has been made, the cumulative amount of provision for impairment of intangible assets shall also be deducted.

It should be noted that the residual value of an intangible asset with a limited useful life shall be regarded as zero, except in the following cases:

1) There is a third party undertaking to purchase the intangible asset at the end of its useful life;

2) Estimated residual value information can be obtained based on an active market, and the market is likely to exist at the end of the useful life of the intangible asset.

What is a tax due?

"Taxes and Fees Payable" accounts for the calculation of various taxes payable by enterprises in accordance with the provisions of the tax law, including but not limited to value-added tax, consumption tax, income tax, urban maintenance and construction tax, resource tax, land use tax, land value-added tax, real estate tax, and education surcharge.

The "tax payable" account belongs to the liability account, and the detailed accounts should be set up according to the tax types payable, such as "value-added tax payable", "enterprise income tax", "local education surcharge", "land appreciation tax", "deed tax", etc., so as to carry out detailed accounting.