Do I need to recognize revenue for the business of collecting customer margin deductions?

Collect the customer's deposit, collect the customer's deposit.

Revenue cannot be recognized. Because neither the deposit nor the security deposit is income.

Borrow: Bank deposit.

Credit: Other payables.

xx Deposit (Security Deposit).

However, in the subsequent business, with the performance of the contract on time, quality and quantity, the deposit or security deposit gradually loses its role, and the condition that the deposit or security deposit can be returned can be converted into payment, and then it is necessary to recognize the income.

Debit: Other payables--- xx deposit (security deposit).

Credit: main business income.

Credit: Taxes payable.

VAT is due.

The deposit or guarantee** is converted into the transaction settlement money, which is actually a refund of the deposit or security deposit, and then the equal amount of the transaction settlement money is collected.

Debit: Other payables - deposit.

Credit: Bank deposits.

And then. Borrow: Bank deposits (cash on hand).

Credit: main business income.

Credit: Tax payable --- VAT payable.

The security deposit, if there is no breach of contract or if there is a quality problem within the agreed time, it will be refunded. Therefore, it cannot be recorded as income.

Borrow: Bank deposit.

Credit: Other payables Company A deposit.

Deduction processing:

Debit: Other payables Company A's deposit.

Credit: Tax payable --- VAT payable.

Credit: main business income.

After collecting the deposit, it should be refunded as income, and it will be included in other accounts payable, and the deposit will be confiscated as non-operating income.

1. The accounting entries for collecting the customer's deposit of 800 yuan are:

Borrow: 800 in cash

Credit: Other payables - deposit 800

2. Other accounts payable account accounts for the amount payable and temporarily received by the enterprise from other units or individuals, such as the rent payable for renting fixed assets and packaging, the deposit deposit, the payment payable and temporarily received from the subordinate units and individuals, and the deposit deposit for the decoration of the owner and property management household within the jurisdiction; The overall retirement pension payable to employees, as well as the amount receivable for temporary payment to superior units and subordinate units.

The money received is recorded in advance first, and the income is recognized according to the number of invoices after the number of invoices is confirmed, and the more money is either returned or made without invoices. In short, it is best to recognize the income of the money coming in through the public account.

Your income belongs to which period to recognize the income, and the invoicing has nothing to do with the invoice, you recognized the income this month, there is no invoice, you want to report the uninvoiced income in this month's tax control, and wait for the next month's invoice, as long as the tax control of the previous month's uninvoiced income is to fill in the negative number, accounting does not need to flush the income of the previous month.

If the conditions for revenue recognition are met, it will be included in other business income accounts and will be subject to income tax at the enterprise income tax rate.

If the account that does not meet the conditions for revenue recognition is posted in other accounts payable, and there is no need to pay enterprise income tax, whether the conditions for income recognition are met, you can see whether the agreement is satisfied, and other accounts payable will be transferred to other business income when it is satisfied

Debit Other payables.

Credit Other business income.

The deposit income is clearly stipulated in the tax law: the deposit that has not been refunded within the time limit shall be included in the income and pay enterprise income tax.

You have two ways to deal with it: one is to include other payables when you receive a deposit each time, put it on the account, and after the end of each year, the unrefunded deposit will be included in other business income and pay income tax. The second is to estimate the proportion of an unrefunded deposit, for example, according to the experience of previous years, about 5% of the deposit can be used as income every year.

Other business income on an annual basis can be paid with income tax.

However, the first method is still recommended, and the second method is because it involves deferred income tax, and it is necessary to check and fill in the gaps every year, and the trouble is to death.

Your business is not big, and how is it approved by the tax bureau? If it is not verified, other payables will be made when it is received, and those that are not refunded after the expiration date will be made as income and paid enterprise tax.

Haha according to my understanding, the deposit is also the nature of the deposit, if the general enterprise does not return when it expires, it will be transferred to non-operating income, and some enterprises are the original channel station related expenses, in short, basically pay income tax.

I don't know if it's the same as you understand!?

1. If the unit belongs to the unit that pays the contract deposit.

1) When paying before.

Borrow: Other receivables - contract deposit 1.5 million.

Credit: Bank deposits of 1.5 million.

2) When 1,000,000 is withdrawn now.

Borrow: Bank deposit of 1 million.

Credit: Other receivables - contract margin 1 million.

2. If the unit belongs to the unit that collects the contract deposit.

1) Recorded according to the actual receipt of the margin.

Borrow: Bank deposit of 1 million.

Credit: Other payables - contract deposit 1 million.

Margin can be treated as other receivables and other payables, and the specific entries are as follows:

1. If the deposit is received from the other party, it is recognized as a liability and included in other payables. The entries are as follows:

Borrow: Bank deposit.

Credit: Other Payables - Margin.

2. If it is a deposit paid to the other party, it is recognized as an asset and included in other receivables, and the entries are as follows:

Debit: Other receivables - margin.

Credit: Bank deposits.

The content of other accounts payable accounting usually includes the following aspects:

1. Rent, such as the rent payable for operating leased fixed assets or packaging; Deposit deposits, including commodity quality deposits, bidding deposits, dealer deposits, equity transfer deposits, income packaging deposits, etc.;

2. Withholding expenses, such as withholding advertising expenses, transportation expenses, management fees, sales discounts and other expenses;

3. Employee co-ordination of pension, severance compensation, employee stock ownership plan, etc.;

4. Loans or investment funds, such as loans owed to shareholders or related parties;

5. Temporary advances from other units or individuals; Other payables, provisional receivables, etc.

From the perspective of the accounting content of other payables, this account can be regarded as a remaining account with a catch-all nature, which reflects the amount payable by the enterprise at the end of the period and is a liability.

Borrow: cash on hand.

Credit: Other accounts payable --- a certain company or individual (business that will be written off in a short period of time or within one year).

- Deposit or deposit (long-term or often occurring) Other payables can actually have other details, such as security deposits, etc., long-term occurrence is based on the name of the business as a detail, and if it does not occur often, it is detailed with the other party's unit or personnel, and it is easy to say that it is easy to audit.

Accounting entries for receipt of deposits:

Borrow: cash on hand or bank deposit.

Credit: Other Accounts Payable - XX Construction.

When the deposit is returned:

Debit: Other Accounts Payable - XX Construction.

Credit: cash on hand or bank deposits.

The deposit received shall be accounted for in other accounts payable, and the accounting entries are:

Borrow: Bank Deposit Cash in Hand Credit: Other Payables - DepositsOther payables refer to the payables and temporary receivables incurred by enterprises outside the commodity trading business.

It refers to the amount payable or temporarily received from other units or individuals other than bills payable, accounts payable, wages payable, profits payable, etc.

Deposit Accounting Entries Received:

Borrow: Bank deposits (cash on hand).

Credit: Other payables.

When the deposit is returned.

Debit Other payables.

Credit: Bank deposits (cash on hand).

When the deposit cannot be refunded.

Debit Other payables.

Credit: Non-operating income.

The deposit is a kind of security in kind, and when the debtor fails to perform the debt, the creditor can freely decide to deduct it from the deposit, which is the most direct and effective method of protection. In addition to the cumbersome legal procedures, due to the difficulty of enforcement, the guarantor may not be able to get the money from the guarantor if the lawsuit is won. Let's do a quiz before studying, click on the test, I am not suitable for studying accounting.

1. One is the deposit paid by other companies;

2. One is that your company will take back the deposit you have handed over.

Supplement: 1. Accounting entries for the payment of deposits that cannot be recovered:

Debit: Provision for bad debts.

Credit: Other receivables - deposits.

2. Appendix to the Accounting Standards for Business Enterprises - Accounting Subjects and Main Accounting Treatment (Cai Kuai [2006] No. 18 of the Ministry of Finance), Main Accounting Treatment of Bad Debt Provisions:

1) On the balance sheet date, if the receivables are impaired, the "asset impairment loss" account shall be debited and credited to this account according to the amount that should be written down. If the provision for bad debts accrued in the current period is greater than its book balance, it shall be accrued according to its difference; The difference between the accrued provision for bad debts and its book balance is reversed.

2) For the receivables that cannot be recovered, they shall be regarded as bad debts after approval according to the management authority, and the receivables shall be resold and debited to this account and credited to the accounts of "notes receivable", "accounts receivable", "prepaid accounts", "accounts receivable", "other receivables", "long-term receivables" and so on.

3) If the receivables that have been confirmed and resold are later recovered, the accounts receivable, "notes receivable", "accounts receivable", "prepaid accounts", "accounts receivable", "reinsurance receivables", "other receivables", "long-term receivables" and other accounts shall be debited and credited to this account according to the actual amount recovered; At the same time, the "Bank Deposit" account is debited, and the "Notes Receivable", "Accounts Receivable", "Prepaid Accounts", "Reinsurance Accounts Receivable", "Other Receivables", "Long-term Receivables" and other accounts are credited.

4) For the receivables that have been confirmed and resold and later recovered, the "bank deposit" account can also be debited according to the actual amount recovered.

Red letter reversal February wrong voucher Debit: cash in hand 50,000 Remember that it is a red letter.

Credit: Non-operating income 50,000

Borrow: 50,000 cash on hand

Credit: Other payables - deposit 50,000

Borrow: cash on hand 120560

Other payables - deposit 50000

Credit: Non-operating income 170560 (what is the company, some companies are other business income, such as real estate, etc.).

If it is an external account, it needs to be recognized as investment real estate).

Adjusting Borrow: Income 5 Credit: Other Payables 5

Make a loan: cash 120560

Credit: Other payable 120560

If the payment is received, but it is not invoiced or invoiced, there is no need to recognize the income, and it can be debited as an advance receipt: bank deposit.

Credit: Accounts received in advance.

Wait until the shipment is invoiced to recognize the revenue.

Debit: Accounts receivable in advance.

Credit: main business income.

Tax payable – VAT output tax.

1.Borrow: Bank deposit.

Credit: Accounts received in advance.

2.Debit: Accounts received in advance.

Credit: main business income.

Credit: Tax Payable, VAT Payable, Output Tax.

Received an advance payment of 30,000.

Borrow: Bank deposit of 30,000.

Credit: Advance accounts receivable 30,000.

Recognize revenue. Debit: Accounts receivable 70,000.

Debit: 30,000 yuan in advance receivables.

Credit: main business income of 100,000 yuan.

Assuming that the income is 100,000 without taking into account taxes.

1 borrow; Bank deposits.

Credit: Accounts receivable.

2: Debit: Accounts receivable.

Credit: main business income.

Tax payable Output tax.

I didn't understand the entries you made, but didn't you open the "Accounts Receivable" account?

If there is no "Accounts Receivable", you can make entries through "Accounts Receivable".

1. Borrow: Bank deposit.

Credit: Accounts receivable.

2. Debit: accounts receivable.

Credit: main business income.

Tax Payable – VAT payable (output tax).

If there is an Accounts Receivable account.

1. Borrow: Bank deposit.

Credit: Accounts received in advance.

2. Debit: Accounts receivable in advance.

Credit: main business income.

Tax Payable – VAT payable (output tax).