The difference between budgetary revenues and expenditures at all levels after the year-end offset of budgetary balances is one of the three major fiscal balances. The budget balance should be settled at the end of each month. At the end of the year, the financial department will write off the general budget income, subsidy income, superior income, carry-over funds, etc. Corresponding expenses: budget expenditure, subsidy expenditure, superior expenditure, etc. , which is the budget balance of the year.
This year's budget balance plus the accumulated budget balance at the end of last year is the accumulated budget balance at the end of this year. The Accounting System for Total Fiscal Budget 1997 promulgated by the Ministry of Finance in June set up the subject of "Budget Balance" to calculate the budget balance. At the end of the year, the financial department should record the annual "general budget revenue" and "subsidy income-general budget subsidy".
Transfer the ending credit balance of the above-mentioned income and carry-over funds to the credit of the budget balance, that is, debit the general budget income and carry-over funds and credit the budget balance; Transfer the final debit balance of the annual general budget expenditure, subsidy expenditure and the above expenditure to the debit of the budget balance.
Reasons for the formation of budget balance:
Because the state implements the budget management measures of living within our means, quota or quota subsidy, overspending without compensation, and surplus retention, the surplus retention funds can be extracted from the employee welfare fund and turned into public funds for the collective welfare treatment of employees, the construction of collective welfare facilities and the compensation of the balance of payments.
Inspired by this policy, many units actively tap their internal potential, strive to increase revenue and reduce expenditure, improve the efficiency of fund use, save a lot of financial funds for career development, objectively affect the implementation of the budget, and benefit a large balance of financial funds. Items settled by administrative institutions for hospitality.
Although the funds have been paid, due to bill settlement and other reasons, the accountant can not write off, thus inflating the balance. In addition, although the expenses of purchasing consumables such as materials by various units have flowed out, they cannot be listed as expenses in accounting because the materials have not been used, thus forming a "virtual" balance on the books.