How to deal with the financial processing of the head office and the accounting of the branch

Updated on Financial 2024-07-17
3 answers
  1. Anonymous users2024-02-12

    After the report of the branch is completed, it should be handed over to the head office for consolidation and consolidated statements. The branch has no paid-in capital, and the transfer of funds and fixed assets is accounted for through "other receivables - internal transactions" (referring to the head office). As long as the annual inspection of the head office is completed, the branch can be inspected at the location of the branch.

  2. Anonymous users2024-02-11

    Accounting treatment of the branch: 1. The branch does not have the status of an independent legal person, and all its external claims and debts should be borne by the head office. However, in general, the branch office conducts business relatively independently, and the head office should liquidate it when it is deregistered, and receive its assets, creditor's rights and outstanding debts.

    Through liquidation, a liquidation statement is formed, the profit and loss are confirmed, and the report is submitted to the local competent tax authority for approval, and the head office shall make corresponding accounting treatment accordingly.

    2. The head office shall offset its net assets (loss amount) with the appropriation on the books of the head office and recognize the loss in the form of consolidated statements. At the same time, the creditor's rights and debts that should be undertaken should be incorporated into the account of the head office.

    3. When recognizing losses, the income tax issues involving the head office and branch should be more related to the tax (especially the head office).

    1. Tax registration and tax declaration of branches

    1. Branches can register themselves as small-scale taxpayers or general taxpayers according to their own business needs.

    2. Value-added tax and additional tax can be declared normally according to the declaration method of general enterprises. Except for specific industries, VAT can be declared by the head office.

    3. Enterprise income tax can choose independent accounting and non-independent accounting. The corporate income tax rate of the branch that chooses independent accounting is 25%, and it does not enjoy the preferential income tax policy for small and micro enterprises; The corporate income tax of the branch company, which is independently accounted for as a selection fee, is declared according to the income tax distribution table of the head office for each quarter.

    Second, the financial accounting of the branch. The financial accounting of the branch can be consistent with the accounting of the head office, and it should be noted that the current accounting between the head office and the branch can be noted. The current accounting of the head office can add an internal current account under the monetary fund account, or it can be managed through the auxiliary accounting of other receivables or other payables.

    1. Application of internal correspondence accounts. At the same time, the head office adds internal current accounts under monetary funds, and sets sub-accounts for internal transactions, and internal transactions - principal, tax, and profit are added according to the needs of the company.

    For example, the head office of the branch company initially allocates a principal of 100,000 yuan, and the head office keeps accounts and debits: internal transactions - the principal is 100,000 yuan.

    Credit: Bank deposit of 100,000 yuan. Branch bookkeeping, debit:

    Bank deposit of 100,000 yuan. Credit: Internal transactions - principal of 100,000 yuan.

    2. The application of other receivables or other accounts payable merchants to assist in accounting.

    The head office uses other receivables or other receivables at the same time, and the accounting method is the same as that for internal transactions.

    The head office uses other receivables, and the branch uses other receivables. For example, the head office pays a salary of 50,000 yuan on behalf of the branch, and the head office keeps accounts and debits

    Other receivables - wages - 50,000 yuan for branches. Credit: Bank deposit of 50,000 yuan.

    Branch bookkeeping, debit: management expenses - salary of 50,000 yuan. Credit:

    Other payables - wages - 50,000 yuan from the head office.

  3. Anonymous users2024-02-10

    If the accounts of the branch office are in the head office, it shall be merged into the head office for handling. The branch is not an independent legal person, and its accounts can be incorporated into the headquarters without separate accounting, and the branch as an internal accounting unit only does current accounts. You can set the "Internal Transactions" ledger account to process internal transactions.

    The law is stupid and falseArticle 14 of the Company Law states that a company may establish a branch office. To establish a branch, it is necessary to apply for registration with the company registration authority and obtain a business license. A branch office does not have legal personality, and its civil liability is borne by the company.

    The company can set up a subsidiary company with combustion, and the subsidiary has the status of a legal person and independently bears civil liability in accordance with the law.

Related questions
7 answers2024-07-17

There are too many things to write about this, so I'll tell you about it briefly, and you should buy a book and let it go. >>>More

11 answers2024-07-17

The financial statements of a branch office generally do not need to be reported if they are not independently accounted for, and they must be declared if they are independently accounted for. If it is a non-independent accounting, but you have made a mistake when you report it, and you need to report it, you can find the tax bureau to correct it, but many tax bureaus change every year, so it is recommended to communicate with the tax bureau whether you can declare 0, or prepare a statement declaration for the distribution of your own head office, and then change it in the second year. >>>More

18 answers2024-07-17

Entrust the accounting processing of the consignment business and collect the handling fee. >>>More

8 answers2024-07-17

How to cancel the branch 1Decision-making and approvals: First, you need to make decisions and get the necessary approvals. >>>More

11 answers2024-07-17

A branch office cannot use the construction qualification of the head office, but the head office can authorize the branch office to use its qualification to participate in the bidding. >>>More