The accounting account in which the corporate sponsorship fee is made

The external sponsorship fee of the enterprise shall be included in the non-operating expenses.

Account accounting. Ledger accounts.

Managers who generally do not understand accounting often have a sense of incomprehension, so they are not only reluctant to look at financial statements.

I don't dare to have any comments on the setting of accounting subjects. In fact, the accounting subject is just a statistical classification of the business management department, so if you understand the nature and structure system of the accounting subject, every manager can not only understand the financial statements, but also design the accounting subject, so that the accounting information department becomes a good management information.

Accounting subjects are the basis for accountants to keep records, and they are divided into five categories in terms of structure: (1) assets, (2) liabilities, (3) capital, (4) income, and (5) expenses (costs).

They are explained below

1. Assets: refers to all valuable resources owned by the enterprise, which can be divided into current assets.

Fixed assets, other assets and other sub-categories. Liquid assets refer to cash and assets that a business wishes to turn into cash. For example, bank deposits, accounts receivable.

inventory, etc. Fixed assets refer to assets that enterprises do not want to use, but for a long time, such as land, houses, machinery, etc. Other assets are intangible assets.

Unapportioned fees, security deposits, etc.

2. Liabilities: refers to the debts of enterprises, which can be divided into current liabilities, long-term liabilities and other liabilities. Current liabilities refer to liabilities of less than one year, long-term liabilities refer to liabilities of more than one year, and other liabilities refer to liabilities incurred for non-financial purposes, such as deposit of margins, collection of goods and various loss provisions.

3. Capital: also known as shareholders' equity, is the part of the enterprise that belongs to shareholders, so it is equal to the difference between assets and liabilities. Capital can be divided into two categories: share capital is the part invested by shareholders, and surplus is the part earned by the enterprise.

4. Income: refers to the income generated by the enterprise's ** products or services, which can be divided into operating income and non-operating income.

In two sub-categories, operating income refers to the income within the predetermined business scope of the enterprise, while non-operating income refers to the income outside the predetermined business scope, such as interest income from the non-financial industry.

5. Expenses: refers to the expenses incurred due to income, which are divided into four sub-categories: direct costs, sales expenses, management expenses, and non-operating expenses.

The so-called direct cost is that the expenditure can be directly attributable to a certain operating income, such as the cost of goods sold, the cost of materials, etc. Sales expenses refer to the expenses incurred to achieve the purpose of business, but cannot be directly attributed to a certain business income, such as advertising expenses, sales staff salaries, etc. Management expenses refer to the expenses that must be paid to maintain the operation of the enterprise, such as management salaries, rental expenses, etc.

Non-operating expenses refer to financial expenses.

and investment losses that are not necessary to achieve operating income.

According to the provisions of the current accounting system, the external sponsorship expenses of enterprises shall be included in the accounting of non-operating expenses, but shall not be deducted before income tax.

For the company to receive a sponsorship fee, it can be considered as follows:

Borrow: Bank deposit.

Credit: Non-operating income - sponsorship fees.

Non-operating income is also known as "non-operating income". It refers to the income that is not directly related to the production and operation process and should be included in the current profit. It is an integral part of the financial results of the enterprise. For example, confiscation of packaging deposit income, collection of arrears of employees, fines and so on.

For sponsorship fees given to customers, they can be deducted as follows:

Borrow: Non-operating expenses - sponsorship expenses.

Credit: cash on hand.

If the sponsorship fee is deducted from the purchase price, the accounting entries are:

Borrow: Bank deposit.

Non-operating expenses – sponsorship expenses.

Credit: Accounts receivable.

If it is to sponsor others, it should be included in the non-operating expenses, and if it is to pay the sponsorship fee, it should be done: borrow: non-operating expenses; Credit:

Non-operating income.

The sponsorship fee refers to the additional fee that the student needs to pay to the school or kindergarten if he or she attends school in a school district other than where he or she is registered, or if he or she attends a school that is not admitted to the school (junior high school or high school) for other reasons such as grades. In recent years, although the Ministry of Education has repeatedly emphasized that schools are not allowed to charge parents sponsorship fees and other miscellaneous fees, this phenomenon has not been stopped, and the sponsorship fees remain high, and the sponsorship fees of kindergartens in many large cities are as high as more than 100,000 yuan. On August 22, 2012, some kindergartens cancelled the sponsorship fee, and the fee standard was adjusted for the first time in 15 years.

The difference between a borrowing fee and a sponsorship fee.

Borrowing fees and sponsorship fees are two different concepts, if you want to study in a certain city with a foreign household registration, you must pay a sponsorship fee, and the borrowing fee is paid every semester, and now the newspaper says that there are conditions for canceling the borrowing fee, and there are not many people who benefit.

Nowadays, sponsorship fees are more than just "borrowing fees". Many junior high schools and high schools have the phenomenon of "sponsorship fees". This phenomenon is especially prominent around me.

Many students do not achieve satisfactory results in the high school entrance examination when they are promoted to junior high school, but they want to go to a better school to study. What to do? That's when the "sponsorship fee" came into play.

As long as there is a certain "relationship", even if the student's score is only more than 300 points, it will try its best to get the student into school. What are the conditions for entering? - How much "sponsorship fee" you have to pay.

Sponsorship fee", which is the beautification of some unknown property ** by some schools. The money fell into the hands of some people in the school through the hands of the students' parents. Now this phenomenon exists in not just one or two places, but in many places.

Education is the foundation of a nation, and if we have to pay such a huge amount of "sponsorship fees" even for education, how can the cultural quality of the people be improved?

The sponsorship expenses of enterprises are generally included in the non-operating expenses for accounting. So when receiving the sponsorship fee, what account should be accounted for? How to make accounting entries?

What account is used to account for the receipt of sponsorship fees?

The sponsorship fee received by the enterprise is subject to non-operating income, which has little to do with the daily production and operation activities of the enterprise.

Non-operating income refers to various types of income that are not directly related to the production and business activities of an enterprise. Non-operating income is actually a kind of net income, which does not need to be paid by the enterprise and does not need to be matched with related expenses. Therefore, in accounting, it is necessary to strictly distinguish the boundaries between non-operating income and operating income.

In layman's terms, all income other than the main business and other affiliated businesses specified in the business license of the enterprise is non-operating income.

Accounting entries for the receipt of sponsorship fees.

Borrow: Bank deposit.

Credit: Non-operating income.

Accounting entries for sponsorship expenses.

The external sponsorship fee of the enterprise cannot be included in the legal cost of the enterprise. The general practice is to include non-operating expenses, and increase the taxable income (sponsorship fee) when the annual income tax is settled, and the sponsorship expenses are treated as follows

Borrow: Non-operating expenses.

Credit: cash on hand bank deposits.

Non-operating expenses refer to non-operating expenses other than the cost of principal business and other operating expenses. Such as fine expenses, donation expenses, extraordinary losses, fixed assets inventory losses, etc.

Is the sponsorship fee subject to VAT?

According to Article 1 of the Provisional Regulations on Value-Added Tax, entities and individuals that sell goods or processing, repair and repair services (hereinafter referred to as "labor services"), sell services, intangible assets, immovable property and imported goods within the territory of the People's Republic of China are VAT payers and shall pay VAT in accordance with these Regulations.

Whether or not a company is subject to VAT on the various sponsorship fees received by the enterprise depends on whether the company receives the Zanzahu rebate fee due to the occurrence of taxable sales.

1. If it is only a simple sponsorship fee, that is, there is no taxable sales, then it is obtained free of charge, and it does not belong to the scope of VAT taxability, and it does not need to pay VAT and not issue invoices.

2. If it is a conference and exhibition service, advertising, etc. in the name of sponsorship fee, then it is a taxable sales behavior, it is a paid income, and it is within the taxable scope of VAT, and the corresponding VAT shall be paid according to the regulations.

3. It should be noted that if the sponsorship provided by the sponsor is in kind, rather than the currency of funds, then the sponsor will be treated as a sale in terms of tax treatment, but for the recipient, whether it needs to pay VAT or according to the above principles.

Summary. The sponsorship fee of 200 yuan to the customer can be included in the non-operating expenditure account, and the accounting entries are: debit:

Non-operating expenses - sponsorship expenses 200 Credit: cash in hand 200 If the sponsorship fee is deducted from the purchase price, the accounting entry is: borrow:

Bank Deposits Non-Operating Expenses - Sponsorship Fee 200 Credit: Accounts Receivable Non-Operating Expenses Account: 1. Nature of Account:

Expense Accounts. 2. Purpose of account: Accounting for various expenditures incurred by the enterprise that are not directly related to the production and operation of the enterprise.

3. Account structure: the increase in debits is recorded, and the non-operating expenses incurred are registered; The amount of the credit decreased, transferred to the "profit of the year" at the end of the registration period; There is no balance after the end of the period carried forward. 4. Detailed account:

Set up subledgers by non-operating expense items.

Hello dear, glad to answer for you. Accounting entries for sponsorship expenses to individuals.

The sponsorship fee of 200 yuan to the customer can be included in the non-operating expenditure account, and the accounting entries are: borrow: non-operating expenses - sponsorship fee 200 credit and allocation of birds:

Cash in hand 200 If the sponsorship fee is deducted from the payment, the accounting entry is: borrow: bank deposit Non-operating expenses - sponsorship fee 200 credit:

Accounts receivable business judgment and sale of non-industry expenditure account: 1. Account nature: expense account.

2. Purpose of account: Accounting for various expenditures incurred by the enterprise that are not directly related to the production and operation of the enterprise. 3. Account structure:

Debits are recorded as an increase in non-operating expenses incurred; The amount of the credit decreased, transferred to the "profit of the year" at the end of the registration period; There is no balance after the collapse of the settlement at the end of the period. 4. Detailed account: Set up detailed accounts according to non-operating expenditure items.

It should be a non-operating expense and cannot be deducted before tax; If the company records him as an administrative expense - office expenses can be deducted before tax and can be treated as expenses, then the summary must be well written!

Sponsorship fees are not allowed to be paid before income tax. Therefore, you should include the donation or business promotion expenses in order to be able to make the expenditure, and the former needs to obtain a unified donation invoice supervised by the Ministry of Finance. The latter invoice compliance is sufficient.

Sponsorship fees paid by enterprises are generally not allowed to be deducted in income tax calculations, that is, they must be paid by the after-tax profits of enterprises.

If the amount is not large, it can also be included in the employee welfare expenses, which shall be borne by the welfare expenses of the enterprise, provided that the total amount of employee welfare expenses cannot exceed 14% of the employees' wages.

FYI.

Enterprises often generate sponsorship fees due to advertising, and sometimes they also receive sponsorship fees from others. How to deal with the accounting of corporate sponsorship fees? Do I need an invoice to enter the account? Let's find out!

How to account for corporate sponsorship fees?

Assuming that the sponsorship fee is paid, the accounting treatment is as follows:

Borrow: Non-operating income.

Credit: Cash Bank Deposits.

If it is included in the management expenses - xx details, you need to carefully consider the specific detailed accounts.

Suppose you receive a sponsorship from someone else, and the accounting treatment of the sponsorship fee received is as follows:

Borrow: Cash, bank deposit.

Credit: Non-operating income.

Do I need an invoice for the sponsorship fee?

Answer: If the sponsorship fee is included in the non-operating expenses of the party paying, it does not need to be invoiced.

The company accepts the sponsorship, and if it is monetary funds, it is sufficient to issue a receipt to the other party. The reason for this is that the cash paid for the sponsorship is not a sale of goods or the provision of services. Therefore, there is no turnover tax, and monetary funds donated by sponsors are not allowed to be deducted before tax.

If the donor is used as the basis for non-operating income, it should be included in the scope of income tax.

How to account for campaign sponsorship fees.

1. Assuming that the sponsorship fee received is cash, it will be regarded as "non-operating income", and if it is the sponsorship fee for advertising activities, it will be done as "management expenses - advertising expenses".

2. Accounting method of sponsorship expenses: In addition to the income of non-profit organizations receiving donations from other units or individuals, capital reserves or non-operating expenses shall be included in the taxable income.

3. The accounting treatment of the company's external sponsorship fee is as follows:

Borrow: Non-operating expenses or capital reserves.

Credit: Bank deposits or cash in hand.

Knowledge development: How to amortize the advertising expenses of this month?

Enterprises pay sponsorship funds through the following process:

1. Non-operating expenses are first recorded when entering the accounts

Borrow: Non-operating expenses.

Credit: Cash. 2. The taxable income should be increased during the year-end final settlement, and the sponsorship fee cannot be paid before tax, and the enterprise income tax should be adjusted and paid.