The design expense incurred by the company should be accounted through the management expense design expense account. How to make specific accounting entries?
Design fee entry
The design fee can be recorded as an administrative expense or directly into the relevant costs of the design fee, depending on the purpose of the design fee.
If included in administrative expenses:
Debit: management fee design fee
Credit: bank deposit
If included in cost:
Debit: manufacturing cost design cost
Credit: bank deposit
Debit: production cost
Credit: manufacturing expenses
Debit: goods in stock
Credit: production cost
Relevant knowledge of management expenses and production costs
Administrative expenses: refer to various expenses incurred by the administrative department of the enterprise for organizing and managing production and operation activities. Including: organization costs incurred during the preparation period of the enterprise, company funds, labor union funds, board fees, litigation costs, business entertainment costs, property tax, vehicle and ship tax, land use tax, stamp tax, technology transfer fees, etc. incurred by the board of directors and administrative departments in the operation and management of the enterprise or should be borne by the enterprise.
Enterprises should account for the occurrence and carry forward of administrative expenses through the "administrative expenses" account. The debit of this account registers various administrative expenses incurred by the enterprise, and the credit registers the administrative expenses transferred into the "profit of the current year" account at the end of the period. After carrying forward, this account should have no balance. This account performs detailed accounting according to the expense items of management expenses.
Production cost: various production expenses incurred by the production unit for producing products or providing labor services, including various direct expenses and manufacturing expenses. Direct expenses include direct materials (raw materials, auxiliary materials, spare parts, fuel and power, etc.), direct wages (wages and subsidies of production personnel), and other direct expenses (such as welfare expenses); Manufacturing expenses refer to various expenses incurred by the branch factories and workshops in the enterprise for organizing and managing production, including salaries, depreciation expenses, maintenance expenses, repair expenses and other manufacturing expenses (office expenses, travel expenses, labor insurance expenses, etc.) of the branch factories and workshops' management personnel.
Production cost belongs to cost category account. The "Production Cost" account should set the basic production cost and auxiliary production cost detailed accounts according to cost accounting objects such as product varieties. The basic production cost should be set up sub ledgers according to the basic production workshop and the cost accounting object respectively; The production of products and the supply of labor services carried out by auxiliary production serve basic production.
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