patent right refers to the right of the patentee to exclusively use, benefit from and dispose of his invention and creation within the scope prescribed by law, and to exclude interference from others. It has timeliness, regionality and exclusiveness. So how to make accounting entries about patent rights?

accounting entries for patent rights

accounting entries for patents independently developed are as follows:

borrowing: R&D expenses-research expenses

lending: bank deposits, etc.

borrowing: R&D expenses-development expenses

lending: bank deposits, etc.

accounting entries after patents are formed are as follows:

borrowing: intangible assets. Payable staff salaries

management expenses-office expenses, etc.

The patent rights of outsourcing are as follows:

Borrowing: intangible assets-patent rights

Lending: bank deposits, etc.

Intangible assets include social intangible assets and natural intangible assets

Among them, social intangible assets usually include patent rights, non-patented technologies, trademark rights and copyrights. Natural intangible assets include natural resources such as natural gas without physical form. Among them:

(1) Patent right: refers to the exclusive rights granted by the national patent authority to the applicant for a patent for invention and creation within the statutory time limit, including invention patent right, utility model patent right and design patent right.

(2) Non-patented technology: also known as proprietary technology, refers to all kinds of technologies and know-how that are unknown to the outside world, should be adopted in production and business activities, and can bring economic benefits without legal protection.

(3) Trademark right: refers to the right to use a specific name or design exclusively on a specified commodity or product.

(4) Copyright: Some special rights enjoyed by the producers for the literary, scientific and artistic works they created according to law.

(5) Franchise: also known as franchise, franchise refers to the right of an enterprise to operate or sell a specific commodity in a certain area or the right of an enterprise to accept another enterprise's use of its trademark, trade name, technical secrets, etc.

(6) Land use right: refers to the right that the state allows an enterprise to develop, utilize and manage state-owned land within a certain period of time.