Enterprises that make garments, how to entrust the processing of garment accounting entries

1.When an invoice is issued, the invoice is billed to the counterpart.

Debit: Bank deposits (cash, accounts receivable).

Credit: main business income.

Tax Payable - Sales tax payable.

2.When reimbursing expenses, borrow: administrative (operating, financial) expenses.

Credit: Cash (bank deposits).

3.When the tax declared in the previous month is paid, the following is debited: tax payable - business tax payable.

Credit: Cash (bank deposits).

4.When you receive a previous debt.

Borrow: Bank deposit.

Credit: Accounts Receivable-

5.Revenue, expenses carried forward at the end of the month.

Borrow: main business income.

Credit: Profit for the year.

Borrow: Profit for the current year.

Credit: Management (operating, financial) expenses.

6.Other taxes:

Borrow: main business tax and surcharge.

Credit: Tax Payable - Urban Construction Tax Payable.

Other payables - education surcharge.

7.At the end of the year, the profit of the current year should be carried forward to the profit distribution, and there is no balance at the end of the period.

That's all for the basic accounting entries, of course, depending on the increase or decrease in your company's operation.

When enterprise A entrusts enterprise B to process:

Borrow: commissioned processing materials.

Credit: raw materials.

1) Company A continues to produce taxable consumer goods.

At the time of payment of processing fee, consumption tax.

Borrow: commissioned processing materials.

Tax Payable – VAT (input tax) payable

Tax Payable – Excise Tax Payable.

Credit: Bank deposits.

After the processing is completed, the raw materials are recovered.

Borrow: raw materials.

Credit: Commissioned processing materials.

2) When it is directly used for sale.

At the time of payment of processing fee, consumption tax.

Borrow: commissioned processing materials.

Tax Payable – VAT (input tax) payable

Credit: Bank deposits.

After the processing is completed, the raw materials are recovered.

Borrow: raw materials.

Credit: Commissioned processing materials.

1. When incoming materials are not accounted for as inventory, only the processing fee income is invoiced and recognized as income

Debit: Accounts receivable, etc.

Credit: income from processing business (income from main business).

2. Cost.

Borrow: cost of processing operations - rent (of the plant) or depreciation.

wages (of production workers).

Hydropower (for production).

Credit: Other payables (rent) or accumulated depreciation.

Wages payable. Bank deposits (utility bills).

At the end of the month, the cost of processing operations is carried forward.

Borrow: Cost of main business.

Credit: Processing business costs.

The cost of processing business is equivalent to the production cost of general production enterprises, and other daily expenses such as sales expenses, management expenses and other period expenses are good.

The corresponding wages of manufacturing personnel, sporadic purchases of materials for production, and machine depreciation are recorded in manufacturing expenses and production costs, and finally transferred to the "main business cost" account.

Separately set up the audit books and related sub-ledgers, calculate the amount of the balance of the receipt and receipt, and set up off-balance sheet accounts according to the materials to be processed. You can set up two off-balance sheet accounts: "Managed Materials" and "Entrusted Processing Materials".

For the general small-scale enterprises, when the raw materials, labor, and costs consumed in the production of goods are too high, they usually choose to entrust processing to produce goods, so what should be done with the accounting entries of the enterprise entrusted processing?

1. Entrusting party.

1) When sending out the processed material:

Borrow: commissioned processing materials.

Credit: raw materials.

2) When paying the processing fee:

Borrow: commissioned processing materials.

Tax Payable – VAT payable (input tax).

Credit: Bank deposits.

3) When the processing is completed, it is recovered

Borrow: Inventory of goods.

Credit: Commissioned processing materials.

2. Trustee.

1) When receiving the entrusted processing materials and materials:

Accounting treatment is not required, but the materials received for entrusted processing should be registered in the reference book, and the increase or decrease of materials received and put into processing should be recorded.

2) After the entrusted materials are sent to the production workshop for processing, the labor, auxiliary materials, etc. will be recorded

Borrow: production cost - commissioned processing.

Credit: raw materials, etc.

3) When the processing is completed and put into storage, the processing cost of this batch will be carried forward.

Borrow: Inventory goods - entrusted processing products.

Credit: Production Costs - Commissioned Processing.

4) When the processed product is delivered and an invoice is issued

Debit: Accounts receivable.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Tax payable - excise tax payable (if excise tax is involved, consumption tax shall be withheld and remitted).

5) Register the receipt and payment of entrusted processing materials and materials in the reference book, and carry forward the inventory of goods

Borrow: Cost of main business.

Credit: Inventory Commodities - Commissioned Processing Products.

What are the subjects of consignment processing materials?

Consignment processing materials belong to the asset class account. Entrusted processing materials refer to the processing of new materials or packaging, low-value consumables and other materials by external units entrusted by enterprises. The cost of entrusted processing materials shall include the cost of the materials actually consumed in the processing, the processing costs paid, the transportation and miscellaneous expenses that should be borne by the company, and the taxes and fees paid.

When the commissioned processing materials are issued, and the additional construction costs and transportation and miscellaneous expenses are paid, the "entrusted processing materials" account is debited, and the full cost is credited to the account when the completion inspection is carried out in the warehouse. The debit balance of the "Commissioned Materials" account represents the actual cost of materials and transportation and miscellaneous expenses that are still in the process of consignment processing. Commissioned processing materials can be accounted for according to the actual cost, or according to the planned cost, and the entrusted processing materials should generally be listed separately in the balance sheet.

Summary. Dear, I'm glad to answer for you: the accounting procedures of garment processing enterprises are like this.

1. Review according to the various original vouchers transferred by the cashier, and prepare accounting vouchers after the audit is correct. 2. Register various detailed ledgers according to the accounting vouchers. 3. At the end of the month, accrual, amortization, and carry-over related costs and expenses are made, and all accounting vouchers are summarized, and a summary table of accounting vouchers is prepared, and the general ledger is registered according to the summary table of accounting vouchers.

4. Checkout and reconciliation. Make sure that the account certificate is consistent, the account is consistent, and the account is consistent. 5. Prepare accounting statements, make the figures accurate, complete the content, and analyze and explain.

6. Bind the accounting vouchers into a book and keep them properly.

Dear, I'm glad to answer for you: the accounting procedures of garment processing enterprises are like this. 1. Review according to the various original vouchers transferred by the cashier, and prepare accounting vouchers after the audit is correct.

2. Register various detailed ledgers according to the accounting vouchers. 3. At the end of the month, accrual, amortization, and carry-over related costs and expenses shall be made, and all bookkeeping vouchers shall be summarized, and a summary table of accounting vouchers shall be prepared, and the general ledger shall be registered according to the summary table of accounting vouchers. 4. Settle the account and cover the account.

Make sure that the account certificate is consistent, the account is consistent, and the account is consistent. 5. Prepare accounting statements, make the figures accurate, complete the content, and analyze and explain. 6. Bind the accounting vouchers into a book and keep them properly.

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Accounting of consignment processing materials:

1. When issuing processing materials, borrow: entrust and transfer envy materials, loan: raw materials, and open and wide shooting.

2. When paying the processing fee, borrow: entrust the processing materials, borrow: the tax payable - the value-added tax payable (input tax), credit: bank deposit, 3. When the processing is completed, borrow: inventory goods, credit: entrusted processing materials.