Do I need to carry forward the profit account of the current year at the end of the month?

There is no direct carryover.

The accrued wages shall be withdrawn according to the object of the commitment. Among them: the wages of production workers are included in the production cost (including the basic production cost of the basic production workshop, and the auxiliary production workshop is included in the auxiliary production cost), the workshop management personnel are included in the manufacturing expenses, the sales personnel are included in the sales expenses, the construction personnel are included in the construction in progress, and other managers are included in the management expenses.

At the end of the month, the sales expenses and management expenses will be transferred to the profit of the current year, and the production cost accounting and manufacturing expenses should be transferred to the inventory with the product warehousing.

No. 1.Borrow: Administrative expenses.

Credit: Employee Compensation Payable.

2.Borrow: Employee remuneration payable.

Credit: Cash (bank deposits).

Year-end: Borrow: Profit for the year.

Credit: Administrative expenses.

The first entry is correct,]

The second one should be like this:

Borrow: Profit for the current year.

Credit: Administrative Expenses - Salaries.

The first subject is correct, and the second should read:

Borrow: Profit for the current year.

Credit: Administrative expenses.

1. When calculating wages.

Debit: detailed accounts such as administrative expenses, sales expenses, production costs, manufacturing expenses, etc.

Credit: Employee Compensation Payable.

2. When paying wages and withholding individual income tax.

Borrow: Employee remuneration payable.

Credit: cash or bank deposit.

The tax payable --- withholding individual income tax.

3. At the end of the month, it will be inventoried together with other cost accounts.

Debit: Production costs, administrative expenses, sales expenses and other detailed accounts.

Credit: Manufacturing expenses.

Borrow: inventory goods, raw materials (semi-finished products), etc.

Credit: Production costs.

4. At the end of the month, it will be carried forward to profit together with other profit and loss accounts.

Borrow: Profit for the current year.

Credit: management expenses, selling expenses, etc.

Which accounts are generally carried forward at the end of the month.

1. Month-end carry-over entries:

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 and expenditures.

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: Principal Business Tax and Additional 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 profits.

Carry-forward entries for month-end accounting.

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

1. Employee welfare expenses are withdrawn at 14% of the total salary;

Borrow: Management Expenses - Welfare Expenses.

Credit: Welfare expenses payable.

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

Borrow: Management Expenses - Staff Education Expenses.

Credit: Employee Compensation Payable.

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

Borrow: Administrative Expenses - Union Funds.

Credit: Employee Compensation Payable.

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: Business tax and surcharge.

Credit: Tax Payable - Business Tax.

Urban construction tax. - 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 sales expenses.

Borrow: Profit for the current year.

Credit: Selling expenses.

8. Quarterly income tax.

1. When extracting.

Borrow: Income tax expense.

Credit: Tax Payable - Income Tax.

2. Carry forward income tax.

Borrow: Profit for the current year.

Credit: Income tax expense.

3. Pay income tax.

Borrow: Income tax expense.

Credit: bank deposit or cash.

Main business income, main business costs, other business income, other business costs, non-operating income, non-operating expenses, business taxes and surcharges, administrative expenses, selling expenses, financial expenses, investment income, fair value change gains and losses, asset impairment losses... That's all there seems to be.

Only the profit and loss category needs to be carried forward to the current year's profit, and the other (cost category) are also carried forward by the profit and loss category, and cannot be carried forward directly.

Mainly: borrowing: the profit of the year.

Credit: Cost of Principal Operations.

Other operating expenses.

Sales tax and surcharges.

Selling expenses. Management fees.

Finance Expenses. Non-operating expenses.

Income tax expense.

Borrow: main business income.

Other business income.

Investment income. If it is a negative return, it will go in the opposite direction).

Subsidized income. Non-operating income.

Credit: Profit for the year.

1. Month-end carry-over entries:

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 and expenditures.

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: Principal Business Tax and Additional Income Tax.

2. Before carrying forward profits at the end of the accounting month, it is necessary to check whether the business of the current month has been recorded, and the amortization of intangible assets, the amortization of long-term amortized expenses, the depreciation of fixed assets, the distribution of manufacturing expenses, whether the main business costs are carried forward, etc., and the business other than the carry-over profit and loss are completed, and the profit and loss (profit) shall be carried forward.

The income profit and loss account is transferred from the debit side to the current year's profit credit, debit: main business income, other business income, investment income, etc.

Credit: Profit for the year.

The credit of the expense profit and loss account is transferred to the debit of the profit for the current year.

Borrow: Profit for the current year.

Credit: main business costs, other business costs, management expenses, sales expenses, financial expenses, income tax, etc.

Therefore, after the profit and loss account is carried forward, there is no balance in the profit and loss account.

At the end of the year, in addition to the profit and loss from December to the profit of the current year, the profit of the current year should also be carried forward to the profit distribution. There is no balance in the profit account for the current year after the carry-forward.

1. As mentioned in the title, the accrual of wages refers to the relevant costs and expenses of the wages that should be borne in the current month according to the accrual principle, which are withdrawn and posted in the remuneration account payable to the employees of Brother Tong, and the payment of wages is written off (the remuneration account payable to the employees), and the two economic operations are not directly related to the carry-forward profit and loss;

2. The profit and loss carried forward at the end of the period generally refers to the accounting treatment of the profit and loss account carried forward at the end of the month (into the profit account of the current year), for the economic business, the salary expenses are included in the relevant costs and expenses (that is, the profit and loss accounts and cost and expense accounts), and the final profit and loss at the end of the month should be carried forward through conventional accounting treatment (the salary expenses are temporarily ignored in the case of asset accounts, such as construction in progress accounts);

3. It can be seen that the business link of salary expenses included in the cost and expense treatment and salary payment in the current month is not directly involved in the accounting treatment of profit and loss carryover;

Summary. Accounting entries for the accrual of wages.

1. Accrual of wages.

Borrow: management expenses, selling expenses, etc.

Credit: Employee Compensation Payable – Wages.

2. Accrual of social security (enterprise part).

Borrow: management expenses, selling expenses, etc.

Credit: Employee Compensation Payable - Social Security.

3. When the salary is paid in the next month.

Borrow: Employee Compensation Payable - Wages.

Credit: Employee Remuneration Payable - Social Security (Personal Component).

Tax Payable – Personal income tax payable.

Cash on hand Bank deposits.

4. Submit it to Du Bao.

Borrow: Employee Remuneration Payable - Social Security (Enterprise Portion + Personal Part) Loan: Cash in Hand Bank Deposits.

5. Pay individual income tax.

Borrow: Tax Payable - Individual Income Tax Payable.

Credit: Bank deposits.

How to deal with the accrued wages after the year-end carry-over.

Accounting entries for the accrual of wages 1, accrual of wages borrowed: management expenses, sales expenses, etc.: employee remuneration payable - wages 2, accrual of social security (enterprise part) borrowing:

Management expenses Sales expenses and other loans: employee remuneration payable - social security 3, when the salary is paid in the next month, borrowed: employee remuneration payable - salary loan:

Employee remuneration payable - social security (personal part) tax payable - personal income tax payable cash in the hall bank deposit 4, handed over to Du Bao: employee salary payable - social security (good enterprise part + personal part) loan: cash in hand Bank Luda hidden deposit 5, pay individual income tax loan:

Tax Payable - Personal Income Tax Payable Credit: Bank Deposits.

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Carry-over profits are generally carried forward at the end of the period, and when the net profit is carried forward at the end of the year, the balance needs to be transferred to the undistributed profit first, how to do the accounting entries of the carry-forward net profit?

Accounting entries for net profit carried forward at the end of the year.

If the profit for the year is a credit balance, it means that the profit for the year is made and it should be allocated as follows:

The balance is transferred to the undistributed profit first.

Borrow: Profit for the current year.

Credit: Profit distribution - undistributed profits.

10% of the total profit is accrued as a statutory surplus provident fund.

Debit: Profit distribution - undistributed profit.

Credit: Surplus Reserve.

According to the company's situation, it is independent to decide whether to withdraw any surplus provident fund.

Debit: Profit distribution - undistributed profit.

Credit: Surplus Reserve.

Distribution of profits to shareholders.

Debit: Profit distribution - undistributed profit.

Credit: Dividends payable.

If the current year's profit account is a debit balance, indicating that the current year's operating result is a loss, the current balance will be carried forward directly to the profit distribution account and left for the following years to make up.

Debit: Profit distribution - undistributed profit.

Credit: Profit for the year.

What is Net Profit?

Net profit refers to the total profit of the enterprise in the current period minus the amount of income tax, that is, the after-tax profit of the enterprise. Income tax refers to the tax calculated and paid to the state by the enterprise on the total amount of profits realized in accordance with the standards stipulated in the income tax law. It is a deduction item from the total profit of the enterprise.

Net profit is the final result of an enterprise's operation, and the more net profit, the better the operating efficiency of the enterprise; If the net profit is small, the operating efficiency of the enterprise will be poor, and it is the main indicator to measure the operating efficiency of an enterprise.

Formula for calculating net profit.

Net Profit = Total Profit - Income Tax Expense.

Total profit = operating profit + non-operating income - non-operating expenses.

What is Profit Distribution?

Profit distribution refers to the distribution of the total profits realized by the enterprise and the profits distributed from the joint venture units between the state and enterprises and between enterprises in a certain period of time (usually annual).

1. When the income is carried forward at the end of the month:

Borrow: main business income.

Other business income.

Non-operating income.

Credit: Profit for the year.

2. When carrying forward costs, fees and taxes:

Borrow: Profit for the current year.

Credit: Cost of Principal Operations.

Taxes and surcharges.

Other business costs.

Selling expenses. Management fees.

Finance Expenses. Non-operating expenses.

Income tax expense.

3. When the carry-over generates profits:

Borrow: Profit for the current year.

Credit: Profit distribution - undistributed profits.

When a loss is generated in the profit carry-forward, the opposite entry of the entry is made.

When the month-end profit of the enterprise is carried forward, it shall set up the account of "Limb Profit of the Year" and the account of "Cost of Main Business" or "Income of Main Business" for the accounting of income, cost and expenses; When an enterprise carries forward profits, it should set up an account of "profit distribution - undistributed profits" and an account of "profit of the year".

At the end of the month, general accountants will encounter the carry-over accounting of various costs and expenses. For the business of turning reputation into profit at the end of the month, how should accountants write accounting entries?

Carry-forward Income: Borrow: Main Business Income Other Business Income Non-Operating Income.

Credit: Profit for the year.

Carry forward costs, fees, taxes:

Borrow: Profit for the current year.

Credit: Cost of Main Business, Taxes and Surcharges, Other Operating Costs, Selling Expenses, Administrative Expenses, Financial Expenses, Non-operating Expenses, etc.

Carry-forward investment income:

Borrow: Profit for the current year.

Credit: Investment income.

Borrow: Profit for the current year.

Profit distribution - undistributed profits.

Maybe. Debit: Profit distribution - undistributed profit.

Credit: Profit for the year.

At the same time, the balances of other detailed accounts to which the "Profit Distribution" account belongs are transferred to the "Undistributed Profit" detailed account.

Debit: Profit distribution - undistributed profit.

Credit: Profit Distribution – Withdrawal of Statutory Surplus Reserve.

Profit distribution – Withdrawal of any surplus reserve.

Debit: Profit distribution - undistributed profit.

Credit: Profit Distribution – Cash dividends or profits payable.

Profit distribution – dividends converted into share capital.

After carry-forward: 1. The credit balance of the "Undistributed Profit" account is the amount of undistributed profit; If there is a debit balance, the amount of the uncovered loss is indicated.

2. There should be no balance in the detailed accounts other than "undistributed profits" to which the "Profit Distribution" account belongs.

What is the relationship between the profit for the year and the undistributed profit?

The profit of the year is the owner's equity account, and in the accounting, all the expenses and income incurred are included in the relevant income and expense accounts. Profit distribution refers to the distribution of profits realized by the enterprise in the current year in accordance with the relevant regulations, or the compensation of the losses incurred in the current year, and the undistributed profit is the secondary account of profit distribution.