The accounting repository is used to account for the costs of water and electricity withheld by employees. (c) when paying for utilities: borrowing: other receivables: when cash on hand is deducted from salary: borrowing: employee remuneration due: other receivables on hand are strictly taxable. Employees pay for utilities, which is not a deductible part of personal income tax and is subject to personal income tax. The regulations for the implementation of the personal income tax act specify that: “salary, salary gains are wages, salaries, bonuses, year-end increments, labour dividends, allowances, allowances and other earnings relating to the employment or employment of an individual”. Directly and broadly, salary earnings are understood as “all income earned by an individual as a result of his or her work” and the part of this income spent on heat relief is a high-temperature subsidy, the part used for rest and recuperation is a travel subsidy, the part used to charge mobile phones, the part paid for fixed telephones at home is a communication subsidy, and the part used to purchase traffic cards, the part used to refuel private cars, etc. The national tax administration has emphasized below the imposition of personal income tax on transport, communications subsidies and travel fees, high-temperature fees and even in kind. The employee's utility is subject to a tax, and the employee's employment injury insurance entitlement is not subject to personal income tax. In accordance with article 1 of the circular on personal income tax policies in respect of employment injury insurance treatment for occupational injuries employees and their next of kin, an individual income tax exemption is granted to an industrial injury employee and his or her next of kin under the employment injury insurance ordinance (state council decree no. 586). The occupational injury insurance benefits referred to in article 1 of the second notification include the one-time disability benefit, disability benefit, one-time injury medical benefit, one-time disability employment benefit, medical treatment for injury at work, in-patient food supplement, accommodation and accommodation costs for outside medical consultations, injury recovery, assistive devices, maintenance expenses, etc., as well as funeral benefit, support relative pension and one-time death benefit for workers who have died as a result of their work, close relatives under the employment injury insurance ordinance. Article 30 of the employment injury insurance ordinance provides for medical treatment for occupational injuries caused by accidents or occupational diseases. The employee's treatment of a worker's injury must be done at a medical institution under a service agreement and may be provided with first aid at the nearest medical institution in case of emergency. The costs for the treatment of industrial injuries are covered from the employment injury insurance fund and are in accordance with the catalogue of occupational injury insurance treatment projects, the catalogue of industrial injury insurance medicines and the standards for hospital services for industrial injury insurance. The list of occupational injury insurance treatment projects, the list of industrial injury insurance medicines and the standards for inpatient services for industrial injury insurance are established by the state council's social insurance administration in conjunction with the state council's health administration and the food and drug supervisory authority. The cost of food supplement for workers hospitalized to treat injuries at work, and the cost of transportation, accommodation and accommodation for workers injured to seek medical care outside the integrated area, as certified by the medical institution, are paid from the employment injury insurance fund, which is set by the people's government of the integrated area. Workers who are injured at work are treated for non-work-related illnesses, are not entitled to medical treatment for work-related injuries and are treated under the basic health insurance scheme. The costs of recovery from an industrial injury to a medical institution with a service agreement are covered by the employment injury insurance fund. Is there a tax on employee utilities? Strictly speaking, it's a tax. Employees pay for utilities, which is not a deductible part of personal income tax and is subject to personal income tax. A plain and broad understanding of wage earnings is “all income earned by an individual as a result of his or her work”. Accounting process i. Building 1. Select the applicable accounting standards, such as enterprise accounting standards, accounting standards for small enterprises, etc., according to the industry to which the enterprise belongs, size and accounting requirements. 2. Establish a system of accounts covering the five main categories of assets, liabilities, owner entitlements, costs, gains and losses, which, depending on the business characteristics of the enterprise, are detailed in detail, such as the need for manufacturing to disaggregate raw materials, production costs, etc., while services focus on services income, service cost-related subjects. 3. The creation of books of accounts, including general ledgers, journals (cash journals, bank deposits), ledgers (e. G., transactions, inventory details, fixed asset ledgers, etc.), the option of manually recording or creating electronic books with the help of financial software, the need to prepare a standard page format for manual bookkeeping, log-in by serial number and the need for financial software to complete the system-initiation set-up, enter basic enterprise information, account opening balances, etc. Upon the commencement of the processing of the original vouchers, obtain the relevant original documents, such as invoices for the procurement business, bills of entry, bills of lading for the sales business, invoices for expenses, invoices, etc., review the authenticity, legality and completeness of the original documents, check whether the content of the documents is standardised, the signatures are complete and the amounts calculated are accurate, and return corrections and supplements in a timely manner that do not comply with the requirements. In the case of foreign original documents, special attention is paid to the verification of the authenticity of invoices, which can be consulted through official platforms of tax authorities to ensure their validity and avoid tax risks. The statement of accounts is prepared on the basis of a certified original certificate, on the basis of double bookkeeping, determining the debits, credits and amounts due for each business, preparing a statement of accounts, summarizing and concisely reflecting the content of the business, such as “cash payments for the purchase of office supplies” “the receipt of customer's goods into the bank”, the number of supporting documents is maintained and the number of attachments accurately filled in the original certificate. Example of the treatment of accounts for different types of business: purchase of raw materials, if a general taxpayer obtains a vat-specific invoice, a price of $10,000, value added tax (vat) tax of $1,300, payment of money, material entry: loan: 10,000 raw materials tax due, value-added tax (vat) of 1,300 credits: bank deposits of 11,300 sales products, sale price of 20,000 yuan (including tax, 13 per cent tax rate), goods issued, non-receipt of goods: = 20,000 ÷ (1 + 13 per cent) ≈17,699. 12 value-added tax (vat) tax payment of = 17,699. 12 x 13 per cent 2,300. 88 loan of accounts receivable: income from main camp operations of 17,699. 12 is subject to vat (recealing tax) of 2,300. 88 for sale of goods (including taxes, 13 per cent tax rate), receipt of goods has been issued, payment of goods has not been received: = 000 for production cost of 8,000 for management costs: review of the records of 1203. 03. 00 to write-in, 2,300 account of accounts receivable, review by the person, on the basis of audited vouchers, business records are entered in the appropriate books, the general ledgers are entered in chronological order, lined and itemized to ensure consistency in the accounts, such as cash journals, bank deposit journals, which record income and expenditure on a daily basis in the order in which the transaction took place to ensure that the flow of funds was clear and accurate; transaction details are entered into the customer and supplier's obligations for each claim; and inventory details reflect the receipt and delivery of raw materials, inventory commodities in real time. When entering the books, blue, black and ink pens are used, numerical specifications, abstracts are complete, and errors are corrected in the prescribed manner, such as underlined correction, red-word correction, additional login. At the end of the end of the final processing 1. Accounts adjustment period, adjustments need to be made for a number of transactions that are not accrued, pre-amortized, etc. Over the period to ensure that the accounting information reflects the true financial position and results of operations for the period. Common adjustment matters: taking account of depreciation of fixed assets, if the original fixed asset value is $50,000, with a projected useful life of five years and a net residual value of 2,500 dollars, using the straight-line method, monthly depreciation = (50,0002,500) = 5 ÷ 12 = 791. 67: borrowing: manufacturing costs (production fixed asset) or management costs (management fixed asset) of 791. 67: accumulated depreciation of $791. 67 is apportioned for long-term expenses to be apportioned, such as $12,000 for rent paid at the beginning of the year: monthly share of rent = 12,000 ÷ 12 = 1,000 yuan loan: management fee = 1,000 loan: a long-term toamortized cost = 1,000 recognizes interest payable but not paid during the period, and if the loan contract provides for an annual interest rate of 6 per cent, interest accrued for the current month = 500 dollars: borrowing: 500 loans for financial costs: 500 loans for interest payable after the adjustment of accounts payable = 5002. Carry over to the individual income and loss categories, carry over the balance of the income category to the “profit for the current year” credit, carry over to the “profit for the current year” borrower the balance of the cost, expense category = account for net profit (or net loss) for the current period。example: carry-over main operating income of $50,000: borrowing: main operating income of $50,000: the year's profit of 50,000 carry-overs to the main operating costs of 30,000 yuan, management costs of 8,000 yuan, financial costs of 1,000 yuan: borrowing: 39,000 loans to the current year's profit: the main operating costs of 30,000 run-off of 8,000 dollars of the financial costs of the profit and loss account 1,000, and the balance of the “profit for the current year” line, reflecting the current period's gains and losses, can be further carried forward to the “profit distribution undistributed profits” line to prepare for the subsequent profit allocation, with monthly closings of the general ledger, the detailed accounts, the red line (total for the current month), the cross-barhead line (cumulative for the current year) showing the closing balance to facilitate the recording and checking of the next period. Iv. The financial statements are prepared on the basis of the closing balance of the general ledger, the breakdown of accounts and the amount incurred, and the main financial statements, such as the balance sheet, the profit statement and the cash flow statement. Balance sheet: on the basis of the “assets = liabilities + equity” balance, the asset class account balance is shown on the left, the liability, owner equity item balance is shown on the right, reflecting the financial position of the enterprise at a given date, such as when a monetary fund item is closed on the basis of a cash journal, bank deposit journal closing balance, and accounts receivable items are recorded on a net basis, less the receivable debit balance less the bad account preparation. Profit statement: in accordance with the “income cost = profit” logic, income items such as main operating income for the current period, other operating income, etc., are shown at the top, and cost items such as main operating costs, management costs, etc., are shown at the bottom, and net profits are calculated to reflect the business performance of the enterprise over a certain period of time, and the amount of the projects is entered in line with the carry-over of the profit and loss category. Statement of cash flows: on the basis of cash and cash equivalents, classification reflects cash inflows and outflows from business operations, investments, fund-raising activities. The methodology used is direct and indirect. The direct method is based on cash journals, bank deposits journals and the relevant original documentation of operations. The indirect method is based on net profit, adjusting non-cash receipts and disbursements, the effect of investment financing activities on cash flows and determining the final net cash flow. 2. The prepared financial statements are audited to check the correctness of the statement relationship, such as that the difference between the undistributed profit ending balance and the opening balance in the balance sheet should be equal to the net profit in the profit statement (taking into account the profit distribution factor) and that the net increase in cash and cash equivalents in the statement of cash flows should be consistent with the change at the beginning of the end of the balance sheet currency fund, ensuring the quality of the statement data and providing a reliable basis for decision-making for users of statements such as the management of the enterprise, investors, tax authorities, etc。
