What subjects are the consulting fees included in?
Consulting fees are generally included in management expenses accounting. Management expenses refer to the management expenses incurred by enterprises for organizing and managing the production and operation of enterprises, including the start-up expenses, company funds, trade union funds, directors' dues, agency fees, consulting fees (including consulting fees), business entertainment expenses, legal fees, property tax, stamp duty, vehicle and vessel use tax, land use tax, technology transfer fee research fees, etc.
Accounting treatment of consulting service fee
It can be divided into three situations, which belong to the company's main business; Other business income belonging to the company; It belongs to expenses. Details are as follows:
1. If it is the company's main business:
Debit: accounts receivable/bank deposits
Loan: income from main business
Taxes payable-VAT payable
In addition, taxes will be increased, and income and taxes will be carried forward at the end of the month.
2, belonging to other business income, included in other business income:
Debit: accounts receivable/bank deposits
Loans: other business income
Taxes payable-VAT payable
In addition, taxes will be increased, and income and taxes will be carried forward at the end of the month.
3. If it is an expense:
Borrow: management fee
Loan: bank deposit/cash on hand.