In addition to paying trademark fees to the Trademark Office, some companies also need to pay trademark agency fees to agencies. The accounting processing of trademark agency fees is generally included in management expenses and bank deposit accounts. Specific accounting What is an entry?

Accounting entries for trademark agency fees

Debit: administrative expenses

Credit: bank deposits

What are administrative expenses?

Administrative expenses refer to various expenses incurred by an enterprise to organize and manage its production and operations. Including: start-up expenses incurred during the preparation of the enterprise, company funds, labor union funds, board of directors fees, litigation fees, business entertainment expenses, etc. incurred by the board of directors and administrative departments in the operation and management of the enterprise or that should be borne by the enterprise.

Administrative expenses are a profit and loss account. Debits indicate the occurrence of administrative expenses, and credits indicate the reduction of administrative expenses and the amount of administrative expenses carried forward at the end of the period to the current year's profit account.

What is a bank deposit?

Bank deposits are money stored in banks and are a component of monetary funds. According to the provisions of my country's cash management system, every enterprise must open a deposit account at the People's Bank of China or a professional bank to handle deposits, withdrawals and transfer settlements. In addition to the monetary funds of the enterprise, it can keep a small amount of cash within the prescribed limit. , must be deposited in the bank. The company's bank deposits mainly include settlement account deposits, letter of credit deposits, foreign deposits, etc. The cashier is responsible for handling the receipt and disbursement of bank deposits. For each bank deposit income and expenditure business, accounting vouchers must be prepared based on the original vouchers that have been verified to be correct.

Bank deposits are asset accounts. A debit indicates an increase in the company's bank deposits, and a credit indicates a decrease in the company's bank deposits.