How to do the accounting account of the remaining funds at the end of the year of public institution

After the year-end accounts of public institutions, there should be no balance in the following accounting accounts:

1. Income subjects (no balance after the end of the period): financial subsidy income, business income, subsidy income from superiors, income from affiliated units, other income, and operating income.

2. Expenditure subjects (no balance after the end of the period): business expenditures, expenditures handed over to superiors, subsidy expenditures to affiliated units, operating expenditures, and other expenditures.

3. Net assets (no balance after year-end accounts): business balance, operating balance (generally no balance, if it is a debit balance, reflecting the accumulated operating losses of public institutions), and distribution of non-financial subsidy balances.

1. There is no need to carry forward at the end of the month, and the income and expenses will be carried forward to the business balance account after the hedging is completed at the end of December at the end of the year. The entries are as follows:

Borrow: Business balance.

Credit: Business expenses.

Borrow: business income.

Credit: Business balance.

2. The balance allocation account is only used at the end of the year. At the end of the year, after the income and expenditure are transferred to the business balance, make a voucher to transfer the business balance and operating balance to the balance distribution, and then make a voucher to transfer the balance distribution to the business**-general**. The entries are as follows:

Borrow: Business balance.

Borrow: Operating balance.

Credit: Balance allocation.

Debit: Balance allocation.

Credit: Career**-General**.

The balance of undertakings refers to the balance of the revenues and expenditures of public institutions in a certain period of time, except for the revenues and expenditures of financial subsidies, non-financial special funds, and operating revenues and expenditures.

The amount of business balance indicates the degree to which the income and expenditure of the institution carry out professional business activities and its auxiliary activities, and the calculation formula is: business balance = business income + contribution of affiliated units + other income - business expenditure - subsidy to subsidiary units - appropriation of funds - payment of superior expenses - settlement of ** infrastructure - sales tax (non-operating business).

The balance of public institutions is divided into current income and expenditure balance and special fund income and expenditure balance according to the different purposes of funds. The current balance of income and expenditure is divided into operating balance and operating balance according to the different channels through which funds are obtained.

At the end of the year, the balance of public institutions, regardless of whether they are profitable or loss-making, will be transferred to the balance distribution.

The operating balance should normally be transferred to the balance distribution, but if it is a loss, it will not be carried forward.

The current year's income minus expenditure of the new public institution is the balance of the current year.

The balance is divided into the balance of basic expenditure and the balance of project expenditure. The balance of basic expenditures can be allocated 60 per cent to undertakings** and 40 per cent to earmarked**. Some local governments stipulate that basic expenditures cannot be allocated.

The balance of the fiscal appropriation shall be handed over to the treasury, which varies according to the fiscal regulations of each locality. The balance of the project cannot be allocated, the balance of the completed project shall be handed over to the treasury, and the unfinished project shall be carried forward to the next year. Generate a post-close balance sheet.

The main task of financial management of public institutions.

Reasonably prepare the unit budget, strictly implement the budget, prepare the unit's final accounts completely and accurately, and truly reflect the financial status of the unit; Organize income in accordance with the law and strive to save expenditures; Establish and improve the financial system.

Strengthen economic accounting and implement performance evaluation.

improve the efficiency of the use of funds; Strengthen asset management, rational allocation and effective use of assets, and prevent asset loss; Strengthen the economic activities of the unit.

financial control and supervision to prevent financial risks.

At the end of the period, the "financial subsidy income" is carried forward to the "business balance", at the end of the year, the "business balance" is carried forward to the "non-financial subsidy balance distribution", and the distributed balance is transferred to the "business **".

If the "business balance" (debit balance) is negative at the end of the period, it will be carried forward to "business **" and offset against the previous balance (credit balance).

Let's understand it this way: "business balance" is equivalent to the "current year's profit" of the enterprise; "Allocation of non-financial assistance balances"Equivalent to a business"Profit distribution"；"Career**"Equivalent to a business"Undistributed profits"。

1. There are two errors in this problem: 1. Not all income and expenditure balances constitute a business**. The revenue and expenditure of financial subsidies and non-financial special funds do not form a business**.

2. The balance of income and expenditure constituting the ** business shall be transferred to the "business balance" account first, and the "non-financial subsidy balance distribution" at the end of the year, and the balance after the distribution shall be transferred to the "business **" account. After the year-end carryover, there is no balance in the "Business Balance" account.

2. The relevant provisions of the "Accounting System for Public Institutions" are as follows:

1. No. 3402 "Business Balance" accounts for the balance of income and expenditure of public institutions in a certain period of time, except for the income and expenditure of financial subsidies, the income and expenditure of non-financial special funds and the income and expenditure of operations.

1) At the end of the period, the non-special fund income in the current amount of business income, subsidy income from superiors, income handed over by affiliated units and other income in the current period shall be transferred to the credit of the "business balance" account, and the non-financial and non-special fund expenditures in the current amount of business expenditure and other expenditures, as well as the current amount of subsidy expenditure and expenditure handed over to the superior by the subsidiary units shall be transferred to the debit of the "business balance" account.

2) At the end of the year, after completing the carry-over of (1) above, the balance of this account shall be transferred to the "Non-financial Subsidy Balance Distribution" account, and this account will be debited or credited, and the "Non-financial Subsidy Balance Distribution" account shall be credited or debited.

3) After the year-end settlement, there should be no balance in this account.

2. No. 3404 "Distribution of Non-financial Subsidy Balance" accounts for the distribution of non-financial subsidy balance of public institutions in the current year.

1) At the end of the year, the balance of the "Business Balance" account will be transferred to this account, and the "Business Balance" account will be debited or credited, and this account will be credited or debited; The credit balance of the Operating Balance account is transferred to this account, and the Operating Balance account is debited and this account is credited.

2) Institutions with the obligation to pay enterprise income tax calculate the enterprise income tax payable, debit this account, and credit the "tax payable - enterprise income tax payable" account.

3) In accordance with the relevant provisions of the withdrawal of employee benefits, according to the amount withdrawn, this account will be debited and the "special ** - employee welfare**" account will be credited.

4) At the end of the year, after completing the above (1) to (3) processing according to the regulations, the balance of this account shall be transferred to the business **, debited or credited to this account, and credited or debited to the "business **" account.

5) After the year-end settlement, there should be no balance in this account.

3. No. 3001 "Institution **" accounts for the net assets owned by public institutions for unrestricted purposes, which is mainly the amount accumulated after deducting the balance of non-financial subsidies after deducting the balance distribution.

1) At the end of the year, the balance of the "Non-financial Subsidy Balance Distribution" account shall be transferred to the business**, and the "Non-financial Subsidy Balance Distribution" account shall be debited or credited, and this account shall be credited or debited.

2) At the end of the year, the remaining funds of the non-financial subsidy special project (the project has been completed) retained for the use of the unit shall be transferred to the enterprise**, and the "non-financial subsidy carry-over - project" account shall be debited and credited to this account.

3) The credit balance at the end of the period reflects the amount of non-restricted net assets accumulated by the institution over the years.