The company borrows money from individuals, the principal is included in the current account, and the interest paid is included in the financial expenses. Accounting treatment is as follows:
1. When borrowing: borrow: bank deposit; Loans: other payables and short-term loans.
2. When interest is calculated on schedule: borrow: financial expenses; Loan: Interest payable.
3. When paying interest: borrow: interest payable; Loan: bank deposit, taxes payable-business tax payable (withholding); -Personal income tax should be paid.
4. When paying taxes: Borrow: tax payable-business tax payable (withholding)-personal income tax payable; Loan: bank deposit.
5. When repaying the principal: Borrow: other payables and short-term loans; Loan: bank deposit.
Matters needing attention in corporate loans:
First, maintain corporate credit.
When an enterprise applies for a loan, the lending institution will also inspect the credit situation of the borrowing enterprise. The credit of the enterprise is mainly manifested in four aspects: bank credit, commercial credit, financial credit and tax credit.
Second, choose the right lending institution.
The requirements of different lending institutions are different, so when choosing a lending institution, enterprises should compare several institutions according to their own conditions to see which lending institution is more suitable for them, so as to ensure the smooth loan.
Third, determine the loan amount.
When an enterprise applies for a loan, it must determine the loan amount according to its own capital demand.
Fourth, financing methods.
Verb (abbreviation of verb) capital structure.