How to deal with the accounting of personal consulting fee invoices?

When dealing with the accounts of personal consulting fee invoices, they are generally accounted for by such subjects as "sales expenses", "taxes payable" and "management expenses". How to deal with the specific accounts?

Accounting entry of personal consulting fee invoice

Debit: sales expenses/management expenses

Taxes payable-VAT payable-input tax

Loans: bank deposits/prepayments/accounts payable

What is the subject of sales expenses?

Enterprises should account for the occurrence and carry-over of sales expenses through the subject of "sales expenses". The debit of this course registers the sales expenses incurred by the enterprise, and the sales expenses at the end of the credit registration are transferred to the "profit of this year" account. After the transfer, there should be no balance in the "Sales Expense" account. "Sales expenses" shall be accounted for in detail according to the expenditure items of sales expenses.

What is the taxable subject?

Enterprises should generally reflect the payment of various taxes and fees through the subject of "taxes payable", and make detailed accounting according to the items of taxes and fees payable. All kinds of taxes and fees payable by the credit registration of this course, all kinds of taxes and fees paid by the debit registration, and the final credit balance reflects the taxes and fees that have not been paid; At the end of the period, if the debit balance reflects overpayment or tax deduction.

What are the accounts payable subjects?

Accounts payable usually refers to the debt incurred by purchasing materials, goods or services, which is caused by the inconsistency between the time when buyers and sellers obtain materials and pay for goods in purchase and sale activities.

In order to accurately reflect and supervise the occurrence and repayment of accounts payable in enterprises, accounts payable should be set up. The lender of this course registers the amount that the enterprise should pay for purchasing materials, materials and accepting labor services but has not paid; Accounts payable registered by the borrower for repayment and accounts payable paid by commercial bills; The ending credit balance represents unpaid accounts payable. The subject should be classified and accounted according to the subsidiary ledger set by the supplier.