Trademark agency fee is a service expense incurred in the process of registering a trademark. When trademark agency fee is incurred in actual work, what accounting account is used to calculate it? How to make accounting entries related to trademark fees?

What is the trademark agency fee included in?

Trademark agency fees can be included in the management expense-service fee account. If the trademark has a relatively high value and the enterprise itself includes the trademark in the accounting of intangible assets, the agency fee and other expenses for the trademark can be included in the cost of the intangible assets. Then amortize it.

Administrative expenses are period expenses, which are included in the losses or profits of the current period when they are incurred, and are classified as profit and loss accounts. Specifically, it includes wages, employee benefits, depreciation, office expenses, travel expenses, transportation expenses, insurance premiums, leasing fees, repair fees, consulting fees, litigation fees, sewage discharge, greening fees, etc.

Accounting entries for trademark fees

1. If the fee is small, it will be included in the administrative expenses, and the entries are as follows:

Debit: Administrative expenses - trademark registration Fees

Debit: bank deposits/cash

2. If the expenses are large, they are included in intangible assets, and the entries are as follows:

Debit: intangible assets

Credit: bank deposit/cash

Intangible assets include social intangible assets and natural intangible assets. Among them, social intangible assets usually include patents, non-patented technologies, trademark rights, copyrights, franchises, land use rights, etc.; natural intangible assets include natural resources such as natural gas that do not have physical physical forms.

Enterprises should amortize intangible assets in the month they purchase them. The amortization of intangible assets generally uses the straight-line method, and the amortization is directly credited to the accumulated amortization. For intangible assets used by the enterprise for its own use, its amortization amount is included in management expenses; for leased intangible assets, its amortization amount is included in other business costs; if the economic benefits contained in an intangible asset are realized through the products or other assets produced, its amortization amount is included in the administrative expenses. The amortization amount should be included in the cost of the relevant assets.