What accounts should be used to account for transportation fees, loading and unloading fees, insurance premiums and other expenses incurred by an enterprise in the process of purchasing materials?
In what account is the purchase fee included?
Purchasing expenses are included in administrative expenses. Purchasing expenses refer to various expenses paid by the enterprise in the process of purchasing materials, including transportation fees, loading and unloading fees, insurance premiums, packaging fees, warehousing fees, and Reasonable losses during transportation and sorting and selection fees before storage, etc.
What do administrative expenses include?
Administrative expenses refer to various expenses incurred by an enterprise to organize and manage its production and operations. Management expenses mainly include:
1. Salary: refers to various wages, bonuses, salary allowances, subsidies and other salary expenses for employees in the enterprise management department.
Employee welfare fees: refers to employee welfare fees extracted based on 14% of the total employee wages and welfare expenses of the management department.
2. Depreciation expenses: refers to the depreciation expenses accrued for various fixed assets used by the enterprise management department.
3. Office expenses: refers to various office expenses incurred by the enterprise management department.
4. Travel expenses: refers to the actual car, ship, plane, local transportation expenses, accommodation expenses, accommodation allowance, meal allowance, driver travel allowance and unit expenses actually incurred when employees of the enterprise management department travel on business. Approved travel expenses lump sum expenses, etc.
5. Transportation fees: refers to the transportation fees for internal and external transportation vehicles used by the enterprise management department and the rental fees for rented transportation vehicles, bridge tolls, road maintenance fees, urban transportation fees, and company employees' commuting to and from work. Expenses incurred for the transportation vehicles used and bus passes issued by employees for commuting to and from get off work, etc.
6. Insurance premium: refers to the insurance premium payable when the buildings, equipment and other assets used by the enterprise management department are insured by the insurance agency.
7. Lease fees: refers to the rent paid by the enterprise management department to rent various management assets through operating leases, including office space rental fees, living space rental fees, etc. Excludes leasing fees for financing leased fixed assets.
8. Repair costs: refers to the labor and material costs incurred in repairing houses and daily office supplies used by the enterprise management department.
9. Consulting fees: refers to the fees paid by an enterprise to provide production technology consultation and operation management consultation to relevant consulting agencies due to business needs, or the fees incurred by the enterprise's economic consultants, legal consultants, technical consultants, etc.
10. Litigation fees: refers to various expenses paid by an enterprise to sue or respond to a lawsuit in court.
11. Pollutant discharge fees: refers to the sewage discharge fees paid by enterprises in accordance with the regulations of the environmental protection department, as well as the additional sewage discharge fees charged for excessive sewage discharge.
Greening fee: refers to the sporadic expenses incurred by enterprises for greening their production and operation sites. Excludes supporting greening costs included in the capital construction budget.
12. Material consumption: refers to the cost of consumable materials received or purchased by the enterprise management department, including computer floppy disks, ribbons, accessories, office equipment accessories, etc. The cost of purchased copy paper, printing paper, fax paper, and account books, vouchers, and statements purchased and printed by the accounting department are also accounted for in this account.
13. Amortization of low-value consumables: refers to low-value consumables used by corporate management departments.
14. Amortization of intangible assets: refers to the amortization of an enterprise’s intangible assets, including amortization of patents, trademarks, copyrights, land use rights, and goodwill.
15. Amortization of long-term deferred expenses: refers to the amortization of long-term deferred expenses with an amortization period of more than one year.
Administrative expenses are a profit and loss category. Enterprises should use the "administrative expenses" account to account for the occurrence and carryover of administrative expenses. The debit side of this account registers various administrative expenses incurred by the enterprise, and the credit side registers the administrative expenses transferred to the "profit for the year" account at the end of the period. There should be no balance in this account after the transfer. This account is calculated in detail according to the expense items of administrative expenses.