How to account for the processing fee paid? How to make accounting entries for processing fees

When the product is shipped:

Borrow: commissioned processing of raw materials.

Credit: raw materials.

When the processing fee is paid after completion.

Borrow: commissioned processing of raw materials.

Credit: Bank Deposit Cash.

After taking back the warehousing.

Borrow: raw materials.

Credit: Commissioned processing of raw materials.

The processing fee paid is accounted for as follows:

When processing materials.

Borrow: processing materials.

Credit: raw materials.

When the processing fee is paid.

Borrow: processing materials.

Debit: Tax Payable VAT Payable (Input Tax).

Credit: Bank Deposits.

When the processing is completed.

Borrow: Inventory goods.

Credit: processing materials.

1. Accounting and bookkeeping.

Accounting bookkeeping, also known as accounting practice, refers to the process of accounting processing, generally from the beginning of filling in vouchers to the end of preparing statements.

Accounting is only passively implemented by the state regulations to complete the above process, with the continuous improvement of the market economy.

With the continuous innovation of economic business, how to handle each business more accurately and reasonably has become a compulsory technology for many accountants.

Accounting is given a special meaning, no longer limited to the process but to solve how to do better.

Second, the accounting process.

According to the cashier's transfer of various original vouchers for review, after the audit is correct, the preparation of accounting vouchers.

Various sub-ledgers are registered according to the accounting vouchers.

At the end of the month, accrual, amortization, and carry-over accounting vouchers 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.

Checkout, reconciliation. Make sure that the account certificate is consistent, the account is consistent, and the account is consistent.

Prepare accounting statements, make the figures accurate, complete in content, and analyze and explain.

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

Generally speaking, the cost of entrusting processing to another party should also be included in the processing cost.

In the entries through the following:

When the processing fee is paid.

Borrow: commissioned processing materials.

Debit: Tax Payable VAT Payable (Input Tax).

Credit: Bank Deposits.

1. If it belongs to commissioned processing, the processing fee paid should be credited to the account of "entrusted processing materials".

When paying processing fees and transportation and miscellaneous expenses, the following accounting entries shall be prepared:

Borrow: commissioned processing materials.

Credit: Bank Deposits.

2. If it is entrusted processing, the processing fee collected will be included in the "main business income" account.

Settlement of processing fee entries:

Debit: Bank deposits (accounts receivable).

Credit: main business income.

3. The expenses incurred in the entrusted processing of semi-products shall be recorded in the cost of the commissioned processing products. This type of business is accounted for through the account of entrusted processing materials. Accounting Treatment:

1) Send out processing materials.

Borrow: commissioned processing materials.

Credit: raw materials.

2) Processing fee.

Borrow: commissioned processing materials.

Credit: Accounts payable.

3) Take back the processing materials.

Borrow: raw materials.

Credit: Commissioned processing materials.

4) Pay the processing fee.

Debit: Accounts payable.

Credit: Bank Deposits.

Commissioned processing, you can refer to:

Assuming that the entrusting party is A, the entrusted party is the accounting:

1. Issue materials:

Borrow: commissioned processing materials, loan: raw materials, etc.;

2. Payment of processing fees, value-added tax, etc., (1) If the processed materials are used for the continuous production of taxable consumer goods, then:

Borrow: commissioned processing materials, tax payable VAT payable (input tax), tax payable excise tax payable, credit: bank deposit, (2) if a processed material is directly used for sale, then:

Borrow: commissioned processing materials (including consumption tax), tax payable VAT payable (input tax), credit: bank deposit, 3, after the completion of processing**, borrow: raw materials, credit: commissioned processing materials (the amount used for continuous production and direct sales is different);

The accounting of B is entrusted with processing accounting, which is only for reference and registration, and generally only for quantity accounting.

When receiving incoming materials, no accounting entries are prepared, and only the amount of the corresponding material ledger in the "entrusted processing incoming materials" reference account is registered.

Processing costs, labor costs, etc. incurred for consignment products

Borrow: Bank Deposits, Credit: Other Business Income.

1. If it belongs to commissioned processing, the processing fee paid should be credited to the account of "entrusted processing materials".

When paying processing fees and transportation and miscellaneous expenses, the following accounting entries shall be prepared:

Borrow: commissioned processing materials.

Credit: Bank Deposits.

2. If it is entrusted processing, the processing fee collected will be included in the "main business income" account.

Settlement of processing fee entries:

Debit: Bank deposits (accounts receivable).

Credit: main business income.

3. The expenses incurred in the entrusted processing of semi-products shall be recorded in the cost of the commissioned processing products. This type of business is accounted for through the account of entrusted processing materials. Accounting Treatment:

1) Send out processing materials.

Borrow: commissioned processing materials.

Credit: raw materials.

2) Processing fee.

Borrow: commissioned processing materials.

Credit: Accounts payable.

1. If it belongs to commissioned processing, the processing fee paid should be credited to the account of "entrusted processing materials".

When paying processing fees and transportation and miscellaneous expenses, the following accounting entries shall be prepared:

Borrow: commissioned processing materials.

Credit: Bank Deposits.

2. If it is entrusted processing, the processing fee collected will be included in the "main business income" account.

Settlement of processing fee entries:

Debit: Bank deposits (accounts receivable).

Credit: main business income.

3. The expenses incurred in the entrusted processing of semi-products shall be recorded in the cost of the commissioned processing products. This type of business is accounted for through the account of entrusted processing materials. Accounting Treatment:

1) Send out processing materials.

Borrow: commissioned processing materials.

Credit: raw materials.

2) Processing fee.

Borrow: commissioned processing materials.

Credit: Accounts payable.

3) Take back the processing materials.

Borrow: raw materials.

Credit: Commissioned processing materials.

4) Pay the processing fee.

Debit: Accounts payable.

Credit: Bank Deposits.

Extended Materials. 1) When receiving incoming materials, no accounting entries are prepared, and only the amount of the corresponding material ledger in the "entrusted processing incoming materials" account is registered.

2) When receiving "incoming materials" and other materials for manufacturing and processing products, the treatment of "incoming materials" is the same as above, and the "production cost" account is debited for receiving other materials, and the "raw materials" and other accounts are recorded for goods.

3) At the time of completion, the account "Inventory Goods" is debited and the "Production Cost" account is credited.

4) When exporting sales, the "accounts receivable" account is debited and the "main business income" account is credited. When the cost of sales is carried forward, the Cost of Sales account is debited and the Goods in Inventory account is credited.

Debit: Accounts receivable.

Credit: Commissioned processing materials.

Main business income.

Tax Payable - VAT Payable (Output Tax).

The processing fee is taxed at 17% like the material, and you will deal with it separately when you handle the accounts: accounts receivable.

Credit: Other Business Income Processing Fee Income.

Credit: main business income material income.

Credit: Tax Payable VAT Payable (Output Tax).

Hope it helps!

【Q】My company is a newly opened company, and the decoration cost is about 50,000 yuan, do I need to do the cost to be amortized? Or can it be included in the current fee in a lump sum? If you want to do amortization, what should you do with accounting entries?

Answer] If the house is self-owned, the decoration cost should be included in the cost of fixed assets, and a separate detailed account should be set up for accounting, and depreciation should usually be calculated over a period of 5 years.

Borrow: Fixed Assets - Renovation Costs.

Credit: Construction in progress.

When depreciation is accrued separately for decoration costs:

Borrow: Administrative expenses.

Credit: Accumulated depreciation.

If the property is leased, it needs to be processed

Borrow: Long-term amortized expenses - leased fixed asset improvement expenses.

Credit: Bank Deposits.

Amortization by lease term:

Borrow: Administrative expenses.

Credit: Long-term amortized expenses - Expenses for improvement of leased fixed assets.

1. If it belongs to commissioned processing, the processing fee paid should be credited to the account of "entrusted processing materials".

When paying processing fees and transportation and miscellaneous expenses, the following accounting entries shall be prepared:

Borrow: commissioned processing materials.

Credit: Bank Deposits.

2. If it is entrusted processing, the processing fee collected will be included in the "main business income" account.

Settlement of processing fee entries:

Debit: Bank deposits (accounts receivable).

Credit: main business income.

3. The expenses incurred in the entrusted processing of semi-products shall be recorded in the cost of the commissioned processing products. This type of business is accounted for through the account of entrusted processing materials. Accounting Treatment:

1) Send out processing materials.

Borrow: commissioned processing materials.

Credit: raw materials.

2) Processing fee.

Borrow: commissioned processing materials.

Credit: Accounts payable.

3) Take back the processing materials.

Borrow: raw materials.

Credit: Commissioned processing materials.

4) Pay the processing fee.

Debit: Accounts payable.

Credit: Bank Deposits.

The payment of processing fees is credited to the following accounts:

1. If it belongs to commissioned processing, the processing fee paid should be credited to the account of "entrusted processing materials".

When paying processing fees and transportation and miscellaneous expenses, the following accounting entries shall be prepared:

Borrow: commissioned processing materials.

Credit: Bank Deposits.

2. If it is entrusted processing, the processing fee collected will be included in the "main business income" account.

Settlement of processing fee entries:

Borrow: Bank deposit.

Credit: main business income.

3. The expenses incurred in the entrusted processing of semi-products shall be recorded in the cost of the commissioned processing products. This type of business is accounted for through the account of entrusted processing materials. Accounting Treatment:

Dispatch of processing materials:

Borrow: commissioned processing materials.

Credit: raw materials.

Processing fee: borrowed: commissioned processing materials.

Credit: Accounts payable.

Handling of processing fees:

If the processing fee is frequently incurred and accounts for a large proportion of the cost, an independent external processing fee cost item can be set up to be listed; If it is petite, it can be treated as a workshop expense.

If the external processing fee is included as a separate cost item, it is debited (or added) to the "basic production" account when the expense is incurred; If it is not a stand-alone cost item, the Shop Floor Expense account is debited (or added) when the expense is incurred.

In general, special records are set up for the business of outsourced processing of products, recording the main terms of the processing contract and the issuance and collection of the processing materials, processing costs and their payment, etc., so as to facilitate inspection and supervision.

In practice, there is also the balance after subtracting the cost of raw materials from the factory cost of the product, which is called labor payment.

When the production workshops of some industrial enterprises in China carry out processing services, they often calculate the processing costs according to the prescribed fixed unit price of processing costs and settle them. The fixed unit price of this kind of processing cost is called "fixed amount of work", and the processing cost calculated according to the fixed amount of work payment is called "fixed amount of payment".