Accounting treatment of technical service fee
When the enterprise pays the technical service fee:
Debit: advance payment-service fee
Taxes payable-VAT payable-input tax
Loans: bank deposits
Amortization:
Debit: management fee-service fee
Loan: advance payment-service fee
What do you mean by expenses?
Management expenses refer to the expenses incurred by the administrative department of an enterprise for organizing and managing production and business activities. Specific items include: company funds, trade union funds, unemployment insurance premiums, labor insurance premiums, directors' dues, agency fees, consulting fees, attorney fees, business entertainment expenses, office expenses, travel expenses, post and telecommunications expenses, greening expenses, manager's salary and welfare expenses, etc. Refers to the expenses incurred by the board of directors and the administrative department in the operation and management of the enterprise.
Management expenses belong to the period expenses and are included in the current profit and loss when incurred.
Enterprises should account for the occurrence and carry-over of management expenses through the subject of "management expenses". This course debits the management expenses incurred by the registered enterprise, and the management expenses at the end of the credit registration are transferred to the "profit of this year" course. After the transfer, this account should have no balance. This course carries out detailed accounting according to the expenditure items of management expenses.
What does the technical service fee mean?
Technical service fee refers to the business that an enterprise sends professional technicians, experts, professors or managers with certain technical expertise and knowledge to provide design documents and technical data, conduct feasibility study, impart technology and participate in management according to the requirements of the owner. In order to collect technical service fees from the owner according to the contract or agreement.
The tax control panel service fee is fully deducted from the accounting entries.
Borrow: management fee
Credit: Cash on hand
When the VAT is fully deducted,
Borrow: Taxes payable-VAT payable (tax reduction or exemption)
Loan: management fee