How to deal with the balance and balance distribution of public institutions?
1, accounting treatment of business balance
Business balance refers to the balance of income and expenditure other than operating income and expenditure of public institutions in a certain period of time. Accounting treatment is as follows:
(1) Debit: business balance.
Loans: various expenses
Attention! The expenses below 500 yuan can be deducted before tax, without invoices, only for individuals!
(2) Borrowing: various incomes
Loan: business balance
2. Accounting treatment of operating balance
The operating balance is expressed by a formula, specifically: operating balance = operating income-operating expenses-sales tax borne by operating business.
(1) Debit: operating balance
Loan: Operating expenses
consumption tax
(2) Debit: operating income
Loan: operating balance
By the end of the year, the institution shall transfer all the business balances realized in that year to balance distribution. After the transfer, there is no balance in the "Business Balance" account. General operating balance should be transferred to balance distribution, but if it is a loss, it will not be carried forward. Specific accounting treatment is as follows:
Debit: business balance
Operating balance
Credit: Balance Distribution
3. Accounting treatment of balance distribution
The balance distribution of public institutions generally includes income tax paid by business activities and special funds (employee welfare funds). There are many special funds in public institutions, but except for the employee welfare fund, which is extracted from the balance distribution, the repair and purchase fund and the medical fund are all extracted through income.
(1) Debit: Balance Distribution
Loan: tax payable-income tax payable (operating balance × tax rate)
(2) Debit: balance distribution
Loan: special fund-employee welfare fund
After distribution, the unit shall transfer all the undistributed balances of the current year to the subject of "public welfare fund-general fund". Debit account is balance distribution, and credit account is public fund-general fund. After carrying forward, the balance distribution account should have no balance.
Debit: Balance Distribution
Loans: public funds-general funds
Introduction to the balance of public institutions
The balance of public institutions specifically refers to the current balance of income and expenditure of public institutions except operating income and expenditure in a certain period of time. The amount of business income and expenditure can indicate the degree of balance between professional business activities and auxiliary activities.
Due to the different uses of funds, the revenue and expenditure of public institutions can be divided into regular revenue and expenditure and special fund revenue and expenditure. The current balance of payments can be divided into business balance and business balance according to the different channels of obtaining funds.
According to the financial rules of public institutions, after deducting the special balance, the balance of public institutions needs to be distributed according to four principles, that is, paying income tax according to regulations, turning over the money to the higher authorities, and withdrawing the employee welfare fund according to the approved proportion and turning it into the public welfare fund.