Regarding the long term amortized expense account of the new accounting system5

The specific process is as follows: Step 1: The financial accountant reviews the original vouchers collected, reviews the legitimacy and authenticity of the bills, and signs the original vouchers after the audit and submits them to the financial manager for review and signature The second step:

Classify the original voucher signed by the financial manager and hand it over to the general manager for approval Step 3: Make the accounting voucher after the original voucher approved by the general manager, and print it for the financial manager to review.

In fact, it is the former "deferred asset".

The name of the account has changed, but it is actually the old account: deferred assets.

Software and maintenance fees are better managed in intangible assets, right?

Accounting System for Business Enterprises" stipulates:

Long-term amortized expenses refer to the expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding one year), including expenses for major repairs of fixed assets and improvement expenses for leased fixed assets. Loan interest and rent, etc., which should be borne by the current period, shall not be treated as long-term amortized expenses.

Long-term amortized expenses shall be accounted for separately and amortized in equal installments during the benefit period of the expense item. If the major repair cost is amortized, the major repair cost shall be amortized evenly before the next major repair; The expenses for the improvement of leased fixed assets shall be amortized equally over the shorter period of the lease term and the remaining useful life of the leased assets; Other long-term amortized expenses shall be amortized evenly over the benefit period.

The cost of house decoration shall be included in the relevant account for accounting after the settlement of the cost.

Long-term amortized expenses refer to the expenses that have been incurred by the enterprise but have an amortization period of more than one year. Long-term amortized expenses cannot be fully included in the profit or loss of the current year, but should be amortized in subsequent years, including the improvement expenses of leased fixed assets and other amortized expenses with an amortization period of more than one year.

Borrow: Long-term amortized expenses.

Home renovation. Credit: raw materials. — a certain material.

Tax Payable - VAT (Input Tax Transfer) 10200

Compensation payable to employees - salary 24,000

Employee compensation payable - welfare expenses 3360 bank deposits.

Amortized on a monthly basis: Borrow: Administrative expenses or manufacturing expenses

Amortization of home renovations.

Credit: Long-term amortized expenses.

Home renovation. Note] Repair expenses for fixed assets are not the same as major repair expenses for fixed assets. The repair expenses of fixed assets can be directly deducted in the current period; The expenditure on major repairs of fixed assets shall be amortized in installments according to the remaining useful life of the fixed assets.

The expenditure on major repair of fixed assets referred to in the Enterprise Income Tax Law refers to the expenditure that meets the following conditions at the same time: (1) the repair expenditure reaches more than 50% of the tax base at the time of acquisition of the fixed asset. (2) The service life of fixed assets after repair is extended by more than 2 years.

Other expenses that should be treated as long-term amortized expenses shall be amortized in installments starting from the month following the month in which the expenditure is incurred, and the amortization period shall not be less than 3 years.

Borrow: Long-term amortized expenses.

Credit: raw materials.

Tax Payable - VAT (Input Tax Transfer) 10200

Employee Compensation Payable - Wages.

Employee Compensation Payable - Wages.

Bank deposits. Amortized Monthly: Debit: Administrative Expenses.

Credit: Long-term amortized expenses.

Borrow: Long-term amortized expenses.

Credit: Bank deposits.

Amortization Loan: Management Expense Credit: Long-term Amortized Expense.

Borrow: Long-term amortized expenses.

Home renovation.

Credit: raw materials.

**Material. Tax Payable - VAT (Input Tax Transfer) 10200

Employee compensation payable - benefits.

Employee Compensation Payable - Wages.

Bank deposits. Amortized monthly: (Amortized in the following month!) ）

Borrow: Administrative expenses.

manufacturing costs) — * amortization of house renovations.

Credit: Long-term amortized expenses.

Home renovation.

Debit: Other receivables.

Credit: raw materials.

Tax Payable - VAT Payable (Input Tax Transferred Out) 10200 Employee Remuneration Payable.

Welfare payments payable.

Bank deposits. Amortized Monthly: Debit: Administrative Expenses.

Credit: Other payables.

The expense account to be amortized is gone.

1. When an enterprise incurs long-term amortized expenses, the accounting entries are:

Borrow: Long-term amortized expenses.

Credit: Bank deposits.

2. When amortizing long-term amortized expenses on a regular basis, the accounting entries are:

Debit: Manufacturing expenses (included in the corresponding account according to the nature of the expenses).

Credit: Long-term amortized expenses.

When an enterprise amortizes long-term amortized expenses, it should be included in the corresponding account according to the nature of the expenses, and at the same time, it should be accounted for through the "long-term amortized expenses" account. The "long-term amortized expenses" account accounts for the expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding one year), including expenses for repairing fixed assets, expenses for improving leased fixed assets, and other expenses to be amortized with an amortization period of more than one year.

Extended Information: Accounting entries are also known as "bookkeeping formulas". Abbreviated as "entries".

According to the requirements of the double-entry bookkeeping principle, it lists the corresponding accounts of both parties and their amounts for each economic transaction. Before registering accounts, the preparation of accounting entries through accounting vouchers can clearly reflect the classification of economic operations, which is conducive to ensuring the correctness of account records and facilitating post-event inspection. Each accounting entry mainly consists of the accounting symbol, the relevant account name, summary and amount.

There are two types of accounting entries: simple entries and compound entries. Simple entries are also called "single entries". Refers to an accounting entry that corresponds to the debit of one account and the credit of another.

Compound entries are also known as "multiple entries". It refers to an accounting entry that corresponds to the debit of one account and the credit of several accounts, or the credit of one account to the debit of several accounts.

Method: Chromatography.

Tomography refers to a method of solving problems that divides the development process of things into several stages and levels, and analyzes them layer by layer, so as to finally obtain results. The use of tomography to compile accounting entries is intuitive and clear, and the ideal teaching effect can be obtained, and the steps are as follows:

1. Analyze and list the accounting subjects involved in economic business.

2. Analyze the nature of accounting accounts, such as asset accounts, liability accounts, etc.

3. Analyze the increase and decrease of the amount of each accounting account.

4. According to the steps, the direction of the accounting account is judged in combination with the economic content (increase or decrease) reflected by the borrower and borrower of various accounts.

5. Prepare accounting entries according to the bookkeeping rules that there must be loans and loans must be equal.

This method is very effective for students to know exactly the accounting subjects involved in the accounting business, and is more suitable for the preparation of individual accounting entries.

The accounting treatment of long-term amortized expenses is actually very common in the actual work of accountants, so if you don't know much about this part of the content, let's learn it with Deep Space Network.

In the process of enterprise development, there will be expenses, and the processing of expenses needs to be carried out by accountants, and there is a difficult content of long-term amortized expenses in the expense processing content, and long-term amortized expenses involve the content of many assets in the process of enterprise development, so we also need to fully understand the details of the content when dealing with them.

What should I do if I incur long-term deferred expenses?

1. Long-term amortized expenses incurred by small enterprises.

Borrow: Long-term amortized expenses.

Credit: Bank Deposits Raw Materials.

Borrow: Bank deposit.

Credit: Bank Deposits Raw Materials.

2. If the enterprise carries out major repairs to the equipment leased by the enterprise.

Borrow: long-term amortized expenses and major repair expenses.

Credit: Bank deposits.

When amortized monthly.

Borrow: Administrative expenses.

Credit: long-term amortized expenses Major repair expenditures.

How is it true that it is a long-term amortized expense?

Long-term amortized expenses refer to the expenses that have been incurred by the enterprise but should be borne by the current period and subsequent periods with an amortization period of more than one year (excluding one year), such as the improvement expenses of fixed assets leased in the form of operating leases. Loan interest and rent, etc., which should be borne by the current period, shall not be treated as long-term amortized expenses.

Long-term amortized expenses should be accounted for separately. The amortization of the expense item shall be amortized in equal installments during the benefit period, and if it cannot benefit subsequent accounting periods, the amortized value of the item that has not yet been amortized shall be transferred to the current profit or loss.

The expenses for the improvement of the surplus lease of fixed assets leased in the form of operating lease refer to the expenses for modification, renovation and reconstruction that can increase the utility of the leased fixed assets or extend the service life of the fixed assets. It should be amortized evenly over the shorter of the lease term and the expected useful life.

Accounting entries related to long-term amortized expenses.

1. Long-term amortized expenses are incurred.

Borrow: Long-term amortization type touch.

Credit: Bank Deposits Raw Materials.

2. Amortize long-term amortized expenses.

Debit: Administrative Expenses Selling Expenses.

Credit: Does long-term amortized expenses affect operating profit? How do you write accounting entries?

Some. Accounting Standards for Business Enterprises.

According to the new "Guide to the Application of Accounting Standards for Business Enterprises - Accounting Subjects and Main Accounting Treatment", the explanation of long-term amortized expenses is as follows:

1. This account accounts for the expenses that have been incurred by the enterprise but should be borne by the current period and subsequent periods with an amortization period of more than one year, such as the improvement expenses incurred in the fixed assets leased in the form of operating leases.

The new Accounting Standards for Business Enterprises stipulate that the start-up expenses incurred by an enterprise during the preparation period shall be directly included in the management expenses of the current period when incurred.

The start-up expenses incurred by the enterprise during the preparation period, including personnel salaries, office expenses, training expenses, travel expenses, printing expenses, registration fees and borrowing expenses not included in the cost of fixed assets, shall be debited to the account of "management expenses (start-up expenses)" and credited to the account of "bank deposits".

The expected amortization expenses of the long-term office are used to account for the expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding one year), including the repair expenses of fixed assets, the improvement expenses of leased fixed assets and other expenses to be amortized with an amortization period of more than one year.

Under the "long-term amortized expenses" account, the enterprise should set up a detailed account according to the type of expense, conduct detailed accounting, and disclose its amortized value, amortization period, amortization method, etc. according to the expense items in the notes to the accounting statements.

In the daily work of accountants, they often deal with the problem of accounting for long-term amortized expenses. Generally, under the "long-term amortized expenses" account, a detailed account is set up according to the type of expense for detailed accounting. So which account should the long-term amortized expenses belong to? How do you do it?

What is the accounting account for this amortization of long-term expenses?

Long-term amortized expenses are asset class accounts. This account is used to account for expenses that have been paid but do not need to be fully recorded in profit or loss in the current period. For example, the start-up cost of the company, the decoration cost when it was started, etc.

For expenses with an amortization period of more than one year, they are generally accounted for through the long-term amortized expense account, and then amortized into the current profit or loss or cost in installments according to a certain number of years.

Accounting treatment of long-term amortized expenses.

A company subscribed to various newspapers and magazines totaling 3,600 yuan, and in January of that year, enterprise A paid off the amount in a lump sum through bank deposits, in this case, it can be accounted for through long-term amortized expenses. How do I deal with the specific accounting?

When the long-term waiting for the big chop wheel amortization expenses is incurred, the following entries are made:

Borrow: 3600 long-term amortized expenses

Credit: Bank deposit 3600

Monthly amortization of long-term amortized expenses:

Borrow: 300 for administrative fees

Credit: 300 long-term amortized expenses

And so on every month, and it is amortized over 12 months.

When expenses are incurred:

Borrow: Long-term amortized expenses.

At the time of amortization: borrow: administrative expenses.

Credit: Long-term amortized expenses.

For example, if an enterprise carries out major repairs to the leased power generation equipment on its own, a total of 33,600 yuan is spent on major repairs, and the repair interval is 4 years. The entries are as follows:

Borrow: long-term amortized expenses Major repair expenditure 33,600

Credit: Bank deposit 33600

The above-mentioned major repair costs are amortized evenly over a period of 4 years, with an amortization of 700 yuan per month. The entries are as follows:

Borrow: Management fee 700

Credit: Long-term amortized expenses Major repair expenses 700

For accountants, it is particularly important to grasp the accounting treatment of long-term amortized expenses, including the accounting content of the account and the preparation of entries. When an enterprise incurs long-term amortized expenses, which account should be accounted for? How do I do my accounting?

"Long-term amortized expenses" belong to the asset class account, which is mainly used to account for various expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding one year). It mainly includes expenses for the repair of fixed assets, improvement expenses for leased fixed assets, and other expenses to be amortized with an amortization period of more than one year.

Under the account of "long-term amortized expenses", the enterprise should set up sub-accounts according to the type of expenses, carry out detailed accounting, and disclose its amortized value, amortization period and amortization method according to the expense items in the notes to the accounting statements.

According to the Enterprise Income Tax Law of the People's Republic of China, when calculating the taxable income, the following expenses incurred by the enterprise are allowed to be deducted if they are amortized as long-term amortized expenses in accordance with the regulations:

1) Expenses for the reconstruction of fixed assets for which depreciation has been fully withdrawn;

2) Expenses for the renovation of leased fixed assets;

3) Expenditure on major repairs of fixed assets;

4) Other expenses that should be treated as long-term amortized expenses.

Accounting entries for long-term amortized expenses.

1. When it happens:

Borrow: Long-term amortized expenses.

Credit: bank deposits, etc.

2. When amortized:

Borrow: make a prudent and make expenses.

management fees, etc.

Credit: Long-term amortized expenses.