The concept and accounting method of consignment processing materials are sought

Consignment of processing materials.

1. Valuation of entrusted processing materials.

The actual cost of processing materials entrusted by the enterprise shall include:

1. The actual cost of materials consumed in processing;2 Processing fees paid;

3 Taxes paid; 4. Pay for the round-trip transportation and miscellaneous expenses of the processed materials.

Second, the accounting of entrusted processing materials.

Enterprises should set up an account of "entrusted processing materials" to carry out general classification accounting.

1 Allocate the entrusted processing materials 2 Pay the processing fee, value-added tax, etc.

3 Payment of GST.

The consumption tax of consignment processing materials that need to pay consumption tax shall be treated according to the following situations:

1) If the materials entrusted for processing are directly used for sale after being recovered, the entrusting party shall include the consumption tax collected and paid by the entrusted party into the cost of the entrusted processing materials;

2) If the materials entrusted for processing are recovered and used for the continuous production of taxable consumer goods, the entrusting party shall collect and pay the consumption tax on behalf of the entrusted party according to the amount allowed to be deducted.

4. After the processing is completed, the processing materials will be recovered.

When checking the receipts, the accounts of "raw materials" and "inventory goods" are debited, and the accounts of "entrusted processing materials" are credited.

Example: An enterprise has the following economic operations:

1) According to the processing contract, a batch of material A was issued, with a planned cost of 6 900 yuan and a material cost difference (overrun) of 300 yuan.

2) The processing fee is 2 700 yuan and the value-added tax is 459 yuan, and the consumption tax rate is 10%.

Consumption tax composition ** = (7 200 + 2 700 ) 1 100%) 1 1000 (yuan).

Consumption tax withheld and paid by the entrusted party = 11 000 10% = 1 100 (yuan).

3) The processed B material is inspected and stored in the warehouse, and the planned cost is 10 000 yuan.

At the same time, if the enterprise recovers material B for the continued production of taxable consumer goods.

If the company collects material B and uses it directly for sale.

For the entrusted processing materials involving both value-added tax and consumption tax, if the entrusted processor is a general taxpayer, then, according to the provisions of the accounting standards for business enterprises, the accounting of the entrusted processing business shall be carried out in accordance with the following accounting entries.

1.When sending out processing materials.

Borrow: commissioned processing materials.

Credit: raw materials, etc.

2.When paying processing costs, transportation and miscellaneous expenses, etc.

Borrow: commissioned processing materials.

Debit: Tax Payable – VAT Payable (Input Tax) Payable

Credit: bank deposits, etc.

3.When paying the consumption tax collected and remitted by the consignee.

If the entrusted processing materials are recovered, they are directly used for sale

Borrow: commissioned processing materials.

Credit: bank deposits, etc.

If the consignment processing materials are recovered, they are used for continuous production

Borrow: Tax Payable - Excise Tax Payable.

Credit: bank deposits, etc.

4.When the consignment materials are withdrawn.

Borrow: Inventory goods, etc.

Credit: Commissioned processing materials.

As for the accounting treatment for production and sales after the recovery of consignment processing materials, it is the same as the treatment of general business, and it will not be listed here. It should be noted that the materials are directly used for sale after the consignment processing materials are recovered.

Entrusted processing materials are your company's semi-finished products are entrusted to other processors to process them into finished products or other semi-finished products for you, and the accounting method is:

When it is sent: borrow commissioned processing materials, borrow raw materials.

When retrieving: borrowing inventory goods, lending entrusted processing materials.

However, when you take it back, it depends on whether your finished product is directly used for sale or reprocessing, which involves a VAT issue.

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There is also a processing fee, which should be charged to the cost of the consignment material.

Calculation of the actual cost of commissioned processing materials: the actual cost of raw materials or semi-finished products, processing fees, transportation costs, loading and unloading costs, insurance premiums and other expenses, as well as taxes that should be included in the cost according to the regulations, shall be taken as the actual cost.

Consignment processing materials refer to the processing of materials by enterprises entrusted to external units into raw materials, packaging materials, and low-value consumables that can be used by enterprises.

Wait. The key to accounting for commissioned materials is to determine their actual cost. Entrusted processing materials generally have to go through three processes: sending, processing and warehousing.

The actual cost should include the actual cost of the materials allocated for processing materials; Round-trip shipping costs paid; payment of processing fees; Pay the relevant taxes and fees. Entrusted processing materials refer to the processing of new materials or packaging, low-value consumables and other materials by enterprises entrusted by external units.

The cost of processing materials entrusted by the enterprise includes the cost of the materials actually consumed in the processing, the processing expenses paid, the transportation and miscellaneous expenses to be borne by the enterprise, and the taxes and fees paid. The cost of the entrusted processing materials shall include the cost of the materials actually consumed in the processing, the processing expenses paid, the transportation and miscellaneous expenses that should be borne and the taxes paid.

Entrust the accounting processing of the materials of the land auction:

In order to reflect and supervise the increase and decrease of the entrusted processing materials and their balance, the enterprise should set up the "entrusted processing materials" account, the debit side registers the actual cost of the entrusted processing materials, the credit side registers the actual cost of the materials that have completed the processing and the actual cost of the remaining materials, and the closing balance is on the debit side, reflecting the actual cost of the entrusted processing materials that have not yet been completed by the enterprise. Consignment processing materials can also be accounted for using planned costs or selling prices, in a similar way to inventory goods.

"Entrusted processing materials" accounts for the actual cost of various materials processed by external units entrusted by the enterprise. The subject should be set up according to the processing contract and the entrusted processing unit to set up detailed accounts, reflecting the name of the processing unit, the number of the processing contract, the name and quantity of the processing materials issued, the processing costs and transportation and miscellaneous expenses incurred, the quantity of the remaining materials returned, the actual cost, and the actual cost of the processed materials. its sub-ledger.

The format is shown in the table.

Accounting processing of consignment processing (in the case of the entrusting party):1. Entrust others to process the issued materials.

Borrow: Commissioned processing materials.

Credit: raw materials.

2. Pay the processing fee.

Borrow: Commissioned processing materials.

Tax Payable – VAT payable (input tax).

Credit: Bank Deposits Accounts Payable.

3. Pay withholding and payment of consumption tax (if there is no consumption tax, do not do this) borrow: entrust processing materials.

Credit: Bank deposits.

4. Entrust the processing materials to be recovered and put into storage to continue processing.

Borrow: raw materials.

Credit: Commissioned processing materials.

5. Direct sales of commissioned processing products.

Debit: accounts receivable, bank deposits, etc.

Credit: main business income.

Tax Payable – VAT payable (output tax).

Extended Resources:1. Accounting treatment of entrusted processing.

1.When receiving the materials and materials entrusted to be processed:

Accounting treatment may not be made, but the entrusted processing materials received shall be registered in the reference book, and the increase or decrease of materials received, put into processing and other materials shall be recorded.

2.After the entrusted materials are sent to the production workshop for filial piety and failure, the labor, auxiliary materials, etc. will be recorded

Borrow: production costs.

Credit: manufacturing expenses, etc.

3.When the processing is completed and put into storage, the processing cost of this batch is carried forward.

Borrow: Inventory goods - consignment processing products.

Credit: Production costs.

4.When the processed product is delivered and an invoice is issued:

Debit: Accounts receivable.

Credit: main business income or other business income.

Tax Payable – VAT payable (output tax).

Tax payable - consumption tax payable (if consumption tax is involved, consumption tax shall be withheld and remitted)5Register the receipt and payment of entrusted processing materials and materials in the reference book, and carry forward the inventory of goods

Borrow: Operating costs or other business costs.

Credit: Inventory Commodities - Clever Trembling - Entrusted Processing Products.

Second, the accounting treatment of entrusted processing.

1.Transfer of material to processing units.

Borrow: commissioned processing materials.

Credit: raw materials.

2.Calculate and pay the processing fee.

Borrow: commissioned processing materials.

Tax Payable – VAT (input tax) payable

Tax payable – Excise tax payable (if processed is recovered for continuous production) Credit: Accounts payable.

3.Take back the processed product.

Borrow: Inventory of goods.

Credit: Entrusted processing materials (including materials and processing fees).

Note: If the processed materials are directly used for sale after being recovered, the consumption tax borne by them shall be included in the cost of the processed materials.

For the processed materials that are used for continuous production after being recovered, the consumption tax paid shall be included in the debit of the account of "tax payable - consumption tax payable", and shall be used to offset the consumption tax borne after the sale of processed consumer goods according to the regulations.

Entrusted processing materials refer to the need for some materials and materials to be processed into another material by an external unit to meet the needs of the enterprise's production and operation due to the limitations of materials and process equipment conditions. In the process of processing, the entrusted processing materials should not only consume the materials to be processed, but also pay processing fees, transportation and miscellaneous expenses and related taxes. After processing, the material not only changes the physical form and performance, but also the value of the material will increase.

The actual cost of various materials processed by the enterprise entrusted to external units. Enterprises should set up detailed accounts according to the contract of resignation and the entrusted processing unit to carry out detailed accounting. The debit side registers the actual cost of the entrusted processing materials, the credit side registers the actual cost of the materials recovered after processing, and the balance is on the debit side, reflecting the actual cost of the entrusted processing materials that have not yet been completed.

The debit balance at the end of the period of the consignment processing material account.

It reflects the actual cost of materials that have been processed by external units but have not yet been processed. For materials issued to other units for processing, the entrusted processing materials account shall be debited and the materials, inventory commodities and other accounts shall be credited according to the actual cost. For the self-made semi-finished products processed by the outsourced unit, the detailed account of the self-made semi-finished products processed by the outsourced external unit shall be set up separately under the self-made semi-finished product account for accounting.

When the processing is issued, the self-made semi-finished products account is debited to entrust external processing of the self-made semi-finished products, and the self-made semi-finished products account is credited to the inventory of the self-made semi-finished products. The external processing fees and transportation and miscellaneous expenses paid shall be debited to the self-made semi-finished products account, the accounts of the taxes payable - the input VAT payable and other accounts, and the bank deposits and other accounts shall be debited.

The self-made semi-finished products that have been processed and accepted by the human library shall be debited from the inventory of the self-made semi-finished products account and credited to the self-made semi-finished products entrusted to the external processing of the self-made semi-finished products according to the actual cost of the processed sails.

If the entrusted processing materials are directly used for ** after being recovered, the entrusting party shall debit the entrusted processing materials account and credit the accounts payable, bank deposits and other accounts of the consumption tax collected and paid by the entrusted party on behalf of the entrusted processing materials; If it continues to be used for the continuous production of taxable consumer goods after recovery, the entrusting party shall debit the tax payable - consumption tax payable account and credit the accounts payable, bank deposits and other accounts according to the consumption tax amount collected and paid by the entrusted party that is allowed to be deducted.

1. This account accounts for the actual cost of various materials, commodities and other materials entrusted by the enterprise to the external unit.

2. This subject can be calculated in detail according to the processing contract, the entrusted processing unit and the variety of processing materials.

3. The main accounting processing of entrusted processing materials.

1) The materials issued by the enterprise to other units for processing shall be debited to this account and credited to the accounts of "raw materials" and "inventory commodities" according to the actual cost; If it is calculated according to the planned cost or selling price, the difference in material cost or the difference between the price of goods entering and selling should also be carried forward.

2) To pay processing fees, transportation and miscellaneous expenses, etc., debit this account, and credit "bank deposits" and other accounts; For the consignment processing materials that need to pay consumption tax, the consumption tax collected and paid by the entrusted party shall be debited to this account (used for direct sales after recovery) or the account of "tax payable - consumption tax payable" (used for continued processing after recovery), and credited to the accounts of "accounts payable" and "bank deposit".

3) The materials and remaining materials that have been processed and inspected into the warehouse shall be debited according to the actual cost of the materials recovered by processing and the actual cost of the remaining materials, and the accounts such as "raw materials" and "inventory commodities" shall be debited and credited to this account.

If the planned cost or selling price is accounted for, the Raw Materials or Goods in Inventory account is debited at the planned cost or selling price, this account is credited at actual cost, and the Material Cost Variance or Commodity Purchase and Sale Difference account is debited or credited for the difference between the actual cost and the planned cost or selling price.

If the planned cost or selling price accounting is adopted, the material cost difference rate or the commodity purchase and sales difference rate of the previous period can also be used to calculate and apportion the material cost difference or commodity purchase and sales difference that should be apportioned in the current period.

The debit balance at the end of the period reflects the actual cost of the unfinished materials processed by the external unit entrusted by the enterprise.