What is included in other business income

Other business income.

It refers to the income obtained from other daily activities other than the main business of various enterprises. In general, the income from other business activities is not large, the frequency of occurrence is not high, and the proportion of revenue is small.

Such as the sale of materials and packaging, the implementation license of the right to use intangible assets, the leasing of fixed assets, the leasing of packaging, transportation, and the income of waste materials. Other business income refers to the income obtained by an enterprise from engaging in other business activities other than its main business, which has the characteristics of infrequent occurrence, the amount of each business is generally small, and the proportion of income is low.

Income other than the main business, such as sales of materials and packaging, transfer of intangible assets, leasing of fixed assets, leasing of packaging, transportation, income from waste materials, etc.

Other business income refers to the income other than the main business income, and our company puts the income from the sale of scrap iron into this account.

Other business income. Including the sale of materials, materials and packaging, and the licensing of the right to use intangible assetsFixed assetsLeasing, packaging rental, transportation, waste materials** income.

Other business income refers to the income obtained from other daily activities other than the main business of various enterprises. Under normal circumstances, the income from other business activities is infrequent, the amount of each business is generally small, and the proportion of revenue is low.

Other business income" and "main business income".

In contrast, "other business income" accounts for a smaller or secondary proportion of an enterprise's business income, but if fraud occurs, it often directly affects tax revenue.

Accounting for other business income

1. The principle of realizing other business income is the same as that of main business income.

2. When an enterprise sells raw materials, it debits "bank deposits" and "accounts receivable" according to the selling price and value-added tax receivable.

and other accounts, according to the realized operating income.

At the end of the month, the "Other Operating Costs" account is debited and the "Raw Materials" account is credited according to the actual cost of raw materials. Enterprises that adopt planned costing of raw materials should also share the difference in material costs.

After receiving the rent of the leased packaging, the accounts such as "cash" and "bank deposit" shall be debited, and this account shall be credited, and the account of "tax payable - VAT payable (output tax)" shall be credited according to the VAT amount indicated on the special invoice; For the difference between the deposit and the confiscation of the overdue packaging after deducting the VAT payable, the "other payable" shall be debited.

Account, which is credited to this account.

The handling fee income obtained by the enterprise to collect handling fees for consignment sales of goods shall be debited to "accounts payable."

Consignment of the consignment unit" account, credited to this account.

3. This account should be set up according to the types of other businesses, such as "material sales", "** consignment sales", "packaging rental", etc., for detailed accounting.

4. At the end of the period, the balance of this course should be transferred to the "current year's profit."

account, there should be no balance in this account after the carryover.

Operating income includes main business income and other business income, as follows:

1. The main business income refers to the regular and main business income generated by the enterprise. Such as the sales of products, semi-finished products and industrial services in the manufacturing industry; Product circulation enterprises sell products, ticket sales in the tourism service industry, customers, catering revenue, etc. The main business income accounts for a large proportion of the company's income, which has a decisive impact on the economic efficiency of the enterprise;

2. Other business income refers to other business income other than the above-mentioned main business income. Including material sales, outsourcing product sales, scrap sales, labor supply income, real estate development income, consulting income, guarantee income and other business income. Other transactions account for a smaller share of the company's revenue.

The main business income is on the credit side when it is incurred, and at the end of the month, it is transferred to the current year's profit on the debit side. There is no balance at the end of the month on the main business income, so there is no borrowing difference. In the Accumulation column, fill in the cumulative amount incurred from the current fiscal year to the current period.

Specific situations can be treated on a case-by-case basis. The main business income can be recorded in the current month, or the cumulative amount can be set.

Legal basis

Provisional Regulations of the People's Republic of China on Value-Added Tax

Article 21 In the event of taxable sales, a taxpayer shall issue a special VAT invoice to the purchaser who has obtained the special VAT issuance receipt, and indicate the sales amount and output tax amount respectively on the special VAT invoice.

In any of the following circumstances, no special VAT invoice shall be issued:

1) The purchaser of the taxable sale is an individual consumer;

2) In the event of a taxable sale, the provisions of the tax exemption shall apply.

Article 23 The time limit for paying VAT is 1 day, 3 days, 5 days, 10 days, 15 days, one month or one quarter. The specific tax payment period of the taxpayer shall be determined by the in-charge taxation authorities according to the size of the taxpayer's tax payable; If the tax cannot be paid according to the fixed period, the tax can be paid on a one-time basis.

If the taxpayer takes one month or one quarter as one tax period, the taxpayer shall declare and pay tax within 15 days from the date of expiration; If the 1st, 3rd, 5th, 10th or 15th is the tax period, the tax shall be paid in advance within 5 days from the date of expiration, and the tax shall be declared and paid within the Wang nationality on the 15th day from the 1st of the next month and the tax payable in the previous month shall be settled.

The time limit for withholding agents to release tax shall be implemented in accordance with the provisions of the preceding two paragraphs.