How does the boss make an account when withdrawing money from the company account?

When dealing with this situation, the first thing to consider is how to reflect in the accounting accounts that the boss has withdrawn 400,000 yuan. This withdrawal is usually considered as a kind of profit distributed to shareholders or owners (although it may not actually form enough profit). It should be noted that although there is a profit of 250,000 yuan this year, there is still an undistributed loss of 654.38 million yuan before.

The following is how to record this situation in internal accounts (internal accounts) and external accounts (external accounts):

1, internal account

(1) Reduce bank deposits: As the boss withdrew 400,000 yuan, the bank deposits decreased by 400,000 yuan.

Debit: profit distribution (or similar shareholder account) 400,000 yuan.

Creditor: Bank 400,000.

(2) Adjustment of profit distribution subjects: this year's profit is 250,000 yuan, and there was an undistributed loss of 654.38+million yuan before, so the profit can be distributed 1.5 million yuan. The boss withdrew 400 thousand, which exceeded the distributable profit.

Debit: undistributed profit is 6,543,800 yuan+0.5 million yuan.

Creditor: the profit distribution is 6,543,800 yuan+0.5 million yuan.

As the amount withdrawn by the boss exceeds the distributable profit, it may lead to liabilities or reduce other shareholders' equity.

2. External account

(1) Record the boss withdrawing 400,000 yuan:

Debit: current account of shareholders (or equivalent account, such as owner's withdrawal) is 400,000 yuan.

Creditor: Bank 400,000.

This entry reflects that the boss withdrew 400,000 yuan from the company's bank account, resulting in a decrease in bank deposits and an increase in the balance of shareholders' current accounts.

(2) Reflect the profit distribution:

As this year's profit is 250,000 yuan, there is an undistributed loss of 654.38+million yuan, and the actual distributable profit is 1.5 million yuan. But the boss has withdrawn 400 thousand, which is beyond the scope of distributable profits. This needs to be adjusted in the shareholders' equity section. Suppose the excess of RMB 250,000 (withdrawal of RMB 400,000-RMB 65,438+distributable profit of RMB 5,000) is adjusted from other shareholders' equity accounts (such as capital reserve or other reserves):

Debit: undistributed profit is 6,543,800 yuan+0.5 million yuan.

Creditor: the profit distribution is 6,543,800 yuan+0.5 million yuan.

Debit: other shareholders' equity (such as capital reserve) is 250,000 yuan.

Creditor: Shareholder's current account (or equivalent account) is 250,000 yuan.

These two entries reflect the adjustment of this year's profit and undistributed profit in previous years to the profit distribution account and the adjustment of the excess of other shareholders' equity accounts.

Special attention: this withdrawal (especially when the withdrawal amount exceeds the distributable profit) may have an impact on the company's financial status and credit status, especially in the case of tight cash flow.