Which subject should be charged for the maintenance of machinery and equipment
I. Maintenance of machinery and equipment is charged to management costs - maintenance costs. Since machinery and equipment are fixed assets, the cost of maintenance of the fixed assets can be charged to management costs。
Specific accounting entries are:
Borrowed: administrative costs -- maintenance
Loans: bank deposits
Iii. The main accounting elements for administrative costs are: company funds, employee education funds, business hospitality, taxes, transfer of technology, amortization of intangible assets, consultancy fees, litigation, amortization of start-up costs, payment of overhead fees, labour insurance premiums, outstanding insurance premiums, board fees, financial reporting audit fees, start-up costs incurred during preparation and other administrative costs。
1. Corporate funds
Headquarters managers'salaries, employee benefits, travel expenses, office expenses, board membership fees, depreciation, repairs, material consumption, amortization of low-value expendables and other corporate funds
Labour insurance
Pensions, price allowances, medical expenses (including participation in the health insurance fund) for employees who have retired from retirement, relocation payments, employees ' retirement benefits, compensation for the death of employees, pension benefits, funds that are required to be paid to employees who have left their jobs, and the introduction of the social integration fund; insurance contributions for work-in-services insurance funds paid by enterprises in accordance with state regulations
3. Board membership fees
It refers to the expenses incurred by the highest authority of the enterprise and its members in carrying out their functions, including travel, meeting expenses, etc。
4. Other costs
When the business incurs business hospitality directly related to production and operation, the taxpayer is able to provide genuine and valid documentation or information and is allowed to incur the costs to the extent indicated below. Under the current tax law, article 43 of the implementing regulations specifies that the expenses incurred by an enterprise in connection with its business activities for hospitality shall be deducted by 60 per cent of the amount incurred, up to a maximum of 5 per cent of the income from the sale (business) during the year. Income from sales (business) includes income from main operations and other operations。
What's the subject of the maintenance costs
Maintenance and repair of workshop equipment is charged to management costs and no longer to manufacturing costs. Reason: the direct inclusion of the repair costs incurred at the production workshop in the management costs is based on the fact that the repair costs should be costed and, if manufacturing costs are included under the original system, the inventory is capitalized. The new guidelines stipulate that fixed asset repair costs that do not meet the requirements for recognition under article iv of the fixed assets guidelines should be accounted for in the current period when incurred, and clearly indicate in the appendix to the accounting standards - application guide, accounts and main accounts processing: subsequent expenditure incurred by an enterprise, such as fixed asset repair costs associated with a specialized sales agency, accounting for “sale costs”; follow-up expenditure, such as fixed asset repair costs incurred by an enterprise's production workshop (branch) and administrative management, accounting for “management costs”. The “manufacturing costs” items related to fixed assets are the consumption of machinery in production workshops, depreciation of fixed assets and no fixed assets repair costs。
What's the accounting line for equipment maintenance
When paid
Borrowed: other receivables
Loans: bank deposits
Obtaining invoices
Borrowed: manufacturing costs (or management costs)
Credit: other receivables
Note: daily maintenance costs for workshop equipment are included in the “manufacture costs” line
The cost of day-to-day maintenance of corporate office equipment is included in the “management costs” line
What are the items of equipment maintenance
The cost of maintenance of equipment for sewage treatment plants is divided into two categories: major repairs and routine maintenance repairs。
Major repairs to the internal fixed assets represent most or all repairs to restore the performance of the fixed assets. When major repairs costs are not subject to a pre-introduced approach, and larger expenditures are incurred, the cost of major repairs with a period of return exceeding one year should be treated as a long-term charge to be assessed。
For capital asset major repairs, the following conditions must be met:
1. The expenditure on repairs is above 50 per cent of the tax base at the time of acquisition of fixed assets
2. Extension of life of fixed assets beyond 2 years after repair
In order to balance the burden of costs, because of uneven expenditure on major repairs, companies could resort to amortization or forward pricing。
(1) when major repairs are paid
Loan: construction in progress
Loans: related subjects
(2) upon completion of the major repairs, the cost of the repairs shall be amortized in instalments if the cost-sharing period is less than one year:
Loan: to be assessed
Loan: construction in progress
If the cost-sharing period is more than one year:
Borrowed: long-term pending costs
Loan: construction in progress
General repairs of fixed assets in production workshops, with financial treatment being:
Borrowed: manufacturing costs -- repair costs
Loans: bank deposits
Worm, what's the line of account for equipment maintenance
Maintenance of workshop equipment is charged to management costs and no longer to manufacturing costs。
Reason: the direct inclusion of the repair costs incurred between production plates in the right management costs is based on the fact that the repair costs should be costed and, if manufacturing costs are included under the original system, the inventory is capitalized。
The new guidelines stipulate that fixed asset repair costs that do not meet the requirements for recognition under article iv of the fixed assets guidelines should be accounted for in the current period when incurred, and clearly indicate in the appendix to the accounting standards - application guide, accounts and main accounts processing: subsequent expenditure incurred by an enterprise, such as fixed asset repair costs associated with a specialized sales agency, accounting for “sale costs”; follow-up expenditure, such as fixed asset repair costs incurred by an enterprise's production workshop (branch) and administrative management, accounting for “management costs”. The “manufacturing costs” items related to fixed assets are the consumption of machinery in production workshops, depreciation of fixed assets and no fixed assets repair costs。
What's the subject of equipment maintenance
Equipment maintenance is generally treated as a manufacturing cost and then as the cost of entering the product
The phone bill and the maintenance of all equipment should be included in the accounting line
Telephone charges go to management costs and, of course, to sales personnel
The maintenance fee will look at the use of the equipment, the administrative costs, the manufacturing costs, the operating costs and the eligible equipment costs.
What account do you charge for the maintenance of the equipment
Maintenance of workshop equipment is self-regulating
Loan: administrative costs -- maintenance
Loans: bank deposits, etc
The appendix to the guidelines for the application of enterprise accounting standards issued by the ministry of finance - accounts and main accounts processing (the “management costs” subject) - provides that subsequent expenditures such as fixed asset repair costs incurred by enterprises in production workshops (sectors) and administrative administrations are accounted for under the “management costs” heading。
This means that the costed repair costs incurred by the enterprise's production workshops are no longer included in the “manufacturing costs—repair costs” category, but are directly covered in the “management costs—repair costs”。
The guidelines state that the cost of day-to-day repairs to fixed assets should be directly accounted for in the current period when incurred. Subsequent expenditures such as fixed asset repair costs incurred by the enterprise's production workshop (sector) and administrative administration are charged to the “management costs”。
The new guidelines stipulate that fixed asset repair costs that do not meet the requirements for recognition under article iv of the fixed assets guidelines should be accounted for in the current period when incurred, and clearly indicate in the appendix to the accounting standards - application guide, accounts and main accounts processing: subsequent expenditure incurred by an enterprise, such as fixed asset repair costs associated with a specialized sales agency, accounting for “sale costs”; follow-up expenditure, such as fixed asset repair costs incurred by an enterprise's production workshop (branch) and administrative management, accounting for “management costs”. The “manufacturing costs” items related to fixed assets are the consumption of machinery in production workshops, depreciation of fixed assets and no fixed assets repair costs。
What are the items of equipment maintenance
Maintenance of workshop production equipment is charged to manufacturing costs on a regular basis
