Can the cost of the materials that are temporarily estimated in the warehouse be carried forward?

Carry forward according to the normal procedure; When the invoice is received, the provisional estimate can be written off.

According to the accounting system for enterprises.

For the purchased commodities that have been inspected and received in the warehouse, but the invoice has not yet been received, the enterprise shall reasonably estimate the warehousing cost at the end of the month (such as the contract agreement**, the purchase cost of similar commodities in the current month or the near future, the purchase cost of similar commodities in the current month or the near future, the current market ** in the circulation link of similar commodities, the selling price * estimated or average cost rate, etc.) tentatively estimated and recorded.

The cost of goods sold for the previous month's provisional estimate of the items that were put into inventory and sold.

Theoretically, adjustments should be made, but due to the regularity and large number of enterprise purchase and sales activities, starting from the principle of the importance of accounting, in order to simplify accounting.

For the issuance cost of the provisional estimated cost, it will not be adjusted separately, but will be digested by itself with the future sending and receiving business of the inventory goods. This is one of the reasons why the accounting system of enterprises emphasizes that the provisional warehousing cost should be reasonably estimated. Therefore, when calculating the cost of goods shipped in the current month, the cost of goods issued should still be calculated and determined normally in accordance with the prescribed method.

Due to the red letter at the beginning of the month.

Flush back to the warehouse, and obtain the invoice to be officially recorded, the two are offset, and the balance is the difference between the provisional cost and the actual cost. Therefore, the difference should actually be borne by the inventory goods issued in the current month and the balance at the end of the month.

However, if there is no balance at the beginning of the month for the same kind of goods in this month, and there is no purchase and sale business, or the enterprise uses the individual valuation method.

If the cost of inventory is calculated, or if the difference between the provisional cost and the actual cost is significant, the difference between the provisional cost and the actual cost (including other inventory costs and other costs associated with it) shall be adjusted and transferred to the cost of sales.

The cost of the tentative raw materials can be carried forward as long as they are sold.

As long as the conditions for sale are met, the products formed from the provisional estimated materials can be processed for sale, and the provisional cost can be carried forward accordingly.

Basic carryover steps:

1. Raw materials, wages and welfare expenses for production.

Borrow: production costs.

Credit: raw materials, wages, benefits.

2. The production workshop will pay the production and manufacturing costs.

Borrow: manufacturing costs.

Credit: Accumulated Depreciation Employee Compensation Payable.

3. Carry forward manufacturing costs.

Borrow: production costs.

Credit: Manufacturing expenses.

4. When the product is finished.

Borrow: Finished products.

Credit: Production costs.

5. Carry forward the cost of sales products.

Borrow: Cost of main business.

Credit: Finished products.

As for the difference in the actual cost after the receipt of the invoice in the future, additional adjustments will be made to the relevant cost account.

The provisional estimate of the stored materials can be carried forward to the cost and carried forward in accordance with the normal procedures; When the invoice is received, the provisional estimate can be written off.

According to the provisions of the accounting system for enterprises, if the purchased goods have been inspected and received in the warehouse, but the invoice has not yet been received, the enterprise shall reasonably estimate the storage cost at the end of the month (such as the contract agreement**, the purchase cost of similar commodities in the current month or in the near future, the purchase cost of similar commodities in the current month or the near future, the current market ** in the same circulation link of similar commodities, the estimated or average cost rate of selling price, etc.) and record them tentatively.

However, due to the regularity and large number of enterprise purchase and sales activities, starting from the principle of the importance of accounting, and for the sake of simplifying accounting, the cost of issuing the provisional estimated cost will not be adjusted separately, but will be digested by itself with the future sending and receiving business of the inventory goods.

The provisional estimate is recorded according to the warehousing documents; Because there is no invoice estimate, do not do VAT payable; If you purchase in the current month and receive it in the current month, but you do not issue an invoice in the current month, the product cost will be calculated, and the unit price will be taken according to the purchase contract and the planned unit price; The account is estimated according to the warehousing documents, the product cost is calculated, and the unit price is taken according to the purchase contract and the planned unit price.

However, if there is no balance at the beginning of the month for the same kind of goods in the current month, and there is no purchase and sale business, or if the enterprise uses the individual valuation method to calculate the cost of issuing inventory, or if the difference between the provisional cost and the actual cost is huge, the difference between the provisional cost and the actual cost (including other inventory costs and their associated effects) shall be adjusted and transferred to the cost of sales.

The goods tentatively estimated to be in the warehouse have been sold, and the cost needs to be carried forward, otherwise, one is that the income and cost do not match, and the other is that the balance of inventory goods will appear in red.

Accounting treatment: 1) Provisional valuation according to the amount of the purchase contract.

Borrow: Inventory of goods.

Credit: Accounts payable.

Provisional estimates of payables.

2) At the time of sale.

Borrow: bank deposits, etc.

Credit: main business income.

Credit: Taxes payable.

VAT payable (output tax.

3) According to the provisional valuation.

Calculate the cost of sales carried forward.

Borrow: Cost of main business.

Credit: Inventory of goods.

4) After receiving the purchase invoice, the provisional estimate is reversed and recorded, and the debit: inventory goods (red letter) credit: accounts payable - provisional estimate payable (red letter).

Then, it is recorded at actual cost.

Borrow: Inventory of goods.

Debit: Tax Payable - VAT Payable (Input Tax.

Credit: Bank deposits.

5) Reverse the cost of goods sold carried forward by calculating the provisional valuation.

Borrow: Cost of main business (in red).

Credit: Inventory goods (in red).

Then, the cost of goods sold is carried forward at actual cost.

Borrow: Cost of main business.

Credit: Inventory of goods.

If the enterprise has received the goods at the end of the month, but has not received the corresponding invoice, it can temporarily estimate and record the goods according to the delivery note, contract and other documents provided by the other party. For example, if an enterprise purchases inventory goods that are tentatively estimated and put into storage, the entries are as follows for your reference:

Borrow: Inventory Commodities - Provisional Valuation, Credit: Accounts Payable - Provisional Valuation, etc.

When an enterprise sells goods provisionally estimated for warehousing, it also makes entries for carry-forward costs according to the amount of provisional estimates, debiting: main business cost - provisional estimate, credit: inventory goods - provisional estimate.

First, the cost will be carried forward according to the provisional amount, and the invoice will be reversed and the provisional estimate will be obtained, and the difference will be directly adjusted to the cost of the main business.

Borrow: Cost of main business.

Credit: Inventory of goods.

Can the provisional estimated inbound goods carry forward the cost as follows:

The enterprise can carry forward the cost of the goods temporarily estimated and put into storage first, and then calculate the actual clearing cost at the time of sale, and write off the cost that was carried forward according to the provisional valuation price before.

The specific treatment is as follows: Reversal of the cost of goods sold carried forward by calculating the provisional valuation value: debit:

Cost of Principal Sales (in red). Credit: Inventory goods (in red).

Then, the cost of goods sold is calculated and carried forward according to the actual cost: borrowed: the main business answer state to do the cost.

Credit: Inventory of goods.

How is the provisional recorded value determined? The provisional recorded value shall be determined according to the following rules: 1. Recorded according to the ** on the list of goods or the relevant purchase contract agreement; 2. According to the latest purchase** accounting; 3. Recorded at fair value in the nearest market; 4. According to the estimated cost rate of the selling price, the provisional estimate is recorded.

If the general taxpayer is tentatively estimated and put into the warehouse, the inventory shall be recorded according to the type of invoice agreed with the seller: for the special VAT invoice, it shall be recorded according to the tax excluded**; For those who obtain ordinary VAT invoices, they should be recorded in accordance with tax included**.

First of all, when the provisional valuation is recorded, the amount of the purchase contract is provisionally estimated and recorded, and the inventory goods are borrowed, and the accounts payable are credited - provisional accounts payable. This treatment can temporarily incorporate the cost of purchased goods into the company's financial system, and start accounting for the cost of purchased goods before the invoice arrives.

Secondly, at the time of sale, it is necessary to carry out sales accounting processing. This step requires borrowing bank deposits, etc., to credit the main business income and tax payable - VAT payable (output closed tax). In this process, the cost of purchased goods is not calculated, but only starts to be carried forward at the time of sale.

To sum up, the provisional estimated warehousing of goods can be carried forward to cost. This allows for an estimate of the actual cost before the invoice arrives, and adjustments and accounting for it after arrival. In this way, enterprises can have a more accurate picture of assets and costs, so that they can better make business decisions and management.