How do I keep accounting entries every month when I pay a year s rent?

The new standard has eliminated the amortization of costs.

If the annual rent is paid at once at the beginning of the year, the accounting entry is made.

As follows: 1. Debit - prepaid accounts.

2. Loan - bank deposit.

When amortized monthly:

1. Borrowing - management expenses, etc.

2. Credit - prepaid accounts.

The new guidelines have eliminated the amortization of expenses and are as follows if the annual rent is paid at one time at the beginning of the year:

Borrow, prepayment.

loans, bank deposits.

When amortized monthly:

borrowing, administrative fees, etc.

credit, prepaid accounts.

Accounting Entries:

It refers to a record that predetermines the name of the account involved in each economic transaction, as well as the direction and amount of money credited to the account. Abbreviated as an entry.

Accounting entries are composed of three elements: the direction of debit and credit, the name of the corresponding account (account) and the amount to be credited. According to the number of accounts involved, it is divided into simple accounting entries and compound accounting entries.

Simple accounting entriesRefers to an accounting entry that involves only one account debit and another account credit, i.e., an accounting entry that debits and credits.

Compound accounting entriesIt refers to the accounting entries composed of two or more corresponding accounts (excluding two), i.e., the accounting entries of one loan for multiple loans, one loan for multiple loans or multiple loans for multiple loans.

What are accounting entries? How to do accounting entries?

1. The new standard has abolished the expenses to be amortized. 2. Pay the annual rent at the beginning of the year. 3. Prepaid account loans, monthly amortization of bank deposits, management expenses, etc. 4. Credit, prepayment.

How to make accounting entries for the first year's factory rent, the new accounting standards, after the cancellation of the amortized expense account, is allowed to be included in the current profit and loss at one time. The entries are for manufacturing expenses (lease costs) and bank deposits or cash on hand.

If you still want to amortize it in monthly installments, you can first include it in the prepaid account, and when amortizing, the entry is, when paying, the loan is the prepaid account (plant rent), the credit is bank deposit or cash in hand, when the monthly amortization, the loan is the manufacturing cost, etc., and the lease fee is the prepaid account (plant rent). If the rent is not paid on time as agreed in the contract, the credit is credited to "other payables".

1. The handling of rent expenses for operating rental housing is as follows:

1. If the lease period is less than one year.

1) When paying rent (whether it is prepaid, postpaid, or paid together over several months).

Borrow: Other payables - rent.

Credit: Bank deposits or cash in hand.

2) When the rent payable each month is included in the expense, it is based on the purpose of the leased house.

Borrow: management expenses, sales expenses, etc.

Credit: Other Payables - Rent.

2. If the lease period is more than one year, it should be accounted for through the "long-term amortized expenses" account.

For example, an enterprise rents a warehouse for a period of three years, with a total rent of 180,000 yuan, 30,000 yuan in advance on the lease start date, 40,000 yuan at the end of the first year, 50,000 yuan at the end of the second year, and 60,000 yuan at the end of the third year.

1) Rent is paid in advance on the lease start date.

Borrow: 30 000 for long-term amortized expenses

Credit: bank deposit 30 000

2) Pay the rent at the end of the first year and confirm the rent expenses for the current year (the rent of the warehouse is included in the "management expenses or molds").

Borrow: 60 000 for administrative costs (total rent 180 000 for 3 years).

Credit: Long-term amortized expenses 20 000

Bank deposit 40 000

3) At the end of the second year.

Borrow: Administrative costs 60 000

Credit: Long-term amortized expenses 10 000

Bank deposit 50 000

4) At the end of the third year.

Borrow: Administrative costs 60 000

Credit: bank deposits 60 000

If the rent is not paid on time as agreed in the contract, the credit is credited to "other payables".

2. Management expenses refer to the expenses incurred by the administrative department of the enterprise for the management and organization of business activities. Including company funds, trade union funds, employee education funds, labor insurance premiums, unemployment insurance premiums, board fees, consulting fees, audit fees, litigation fees, etc

Sewage charges, greening fees, taxes, land use fees, land loss compensation fees, technology transfer fees, amortization of intangible assets, start-up expenses, business entertainment expenses, bad debt losses, provisions for depreciation of inventories, inventory losses, damage and scrapping losses, and other administrative expenses.

1. The rent is paid once a month, and the entries are as follows:

Borrow: administrative expenses (sales expenses, manufacturing expenses, etc.) - rent, credit: cash in hand bank deposits, 2, rent is paid once a year, the entries are as follows:

When paying a one-year rent in a lump sum:

Debit: Advance Accounts - Rent, Credit: Cash on Hand Bank Deposits, Amortized Monthly:

Borrow: Administrative expenses (sales expenses, manufacturing expenses, etc.) - rent.

Credit: Advance Payments - Rent.

3. When paying for many years at a time, when paying the rent for many years at one time

Borrow: Long-term amortized expenses - rent, Credit: cash on hand Bank deposits, When amortized monthly:

Borrow: Administrative expenses (sales expenses, manufacturing expenses, etc.) - rent, Credit: long-term amortized expenses - rent.

Accounting entries for receipt of invoices for payment of one year's rent:

Borrow: prepaid and rebated accounts - rent, borrow: tax payable - VAT payable - input tax General taxpayers receive deductible rental expenses, credit: cash in hand, bank deposits, monthly amortization:

Borrow: management expenses - rent, credit: prepaid accounts, prepaid accounts refer to the prepaid amount of the enterprise in accordance with the provisions of the contract, and the prepaid accounts should be recorded according to the actual amount prepaid.

Enterprises with small prepayments can not set up the "prepaid" account, but the prepaid amount is accounted for through the "accounts payable" account.

Accounting entries for the payment of one year's rent, when paying one year's rent, borrow: other payables, credit: bank deposits, and later when receiving rent invoices, borrow:

Management expenses - rent in the lease negotiation period of the number of amortized monthly amortization of the entry, debit: tax payable - VAT payable - input tax general taxpayer received the lease fee special invoice, credit: other payable.

The rent paid should be accounted for in the "prepaid account", and the monthly payment should be 5,000 yuan (70,000 12 = 5,) according to the title and the monthly payment from March 2010 to March 2011.

1. When you receive the house lease invoice.

Debit: 70,000 in advance

Credit: Bank deposits 70,000

From March to March 19, 2011, the expenses are recognized each month (allocated to the corresponding costs according to the specific application).

Debit: Production costs (or selling expenses, administrative expenses) 5, Credit: prepaid accounts or 5,

The accounting treatment of paying one year's rent is: debit: long-term amortized expenses - rent, tax payable - VAT payable (input tax), credit changzi: prepaid accounts - a certain unit.

In the future, when amortizing on a monthly basis, the accounting treatment is, borrowing: manufacturing expenses, management expenses, etc., and crediting: long-term amortization expenses - rent.

The rent paid should be accounted for in the "prepaid account", and the monthly payment should be 5,000 yuan (70,000 12 = 5,) according to the title and the monthly payment from March 2010 to March 2011.

1. When you receive the house lease invoice.

Debit: 70,000 in advance

Credit: Bank deposits 70,000

From March to March 19, 2011, the expenses are recognized each month (allocated to the corresponding costs according to the specific application).

Debit: Production costs (or selling expenses, administrative expenses) 5, Credit: prepaid accounts or 5,

When you pay on the month.

Debit: 70,000 in advance

Credit: Bank deposits 70,000

When amortized each month:

Borrow: Administrative expenses.

credit, prepaid accounts.

When the lease is paid, it is recorded in the prepaid account, because it is paid for one year, it is prepaid, and then amortized month by month, and the prepaid account is credited.

The new Chinese accounting standards have abolished the expenses to be amortized. Some enterprises still retain the "expenses to be amortized" and "withholding expenses" accounts, which are reflected in the "other current assets" and "other current liabilities" items in the balance sheet of the new standard at the end of the period. Some enterprises replace the "expenses to be amortized" account through "prepaid accounts" and "other receivables" accounts.

Debit: Other accrual rent payments.

loans, bank deposits.

When apportioned, borrow: the management fee is used for the first time.

Credit: Other payables.