1. Accounting entries

Debit: bank deposit

Loan: other payables

There is basically no difference between the branch company and the head office. Generally, the money transferred from the head office is recorded in the current account with the head office. But remember, the branch company has no paid-in capital, so only undistributed profits have occurred in the equity category.

second, if the branch does not keep accounts independently, the accountant should keep accounts as usual, but at last, the accounts should be reported to the head office for unified accounting.

iii. pay taxes in the local tax authorities of the branch company independently; If it is not independent, it will be consolidated with the head office for tax payment.

iv. the branch is a non-independent accounting unit, and the administrative department for industry and commerce at the place of registration only issues the Business License, not the Business License of Enterprise as a Legal Person. There are two accounting methods for branches: one is reimbursement system; The second is the accounting system.

1. reimbursement system: the branch has a cashier, but no accountant. Cashiers only keep a running account of cash and bank deposits. Send invoices and other original documents to the head office for accounting every month.

2. Separate account system. The branch shall have accountants and cashiers to conduct accounting for the business activities of the branch. Send the accounting statements of the branch to the head office every month, which will merge and submit them to the relevant departments. The "internal current account" is set for the economic and business transactions between the head office and the branches under the separate account system. The head office shall set up an account of "Other Receivables-XX Branch"; The branch shall set up an account of "other payables-head office". The internal current account between the head office and the branch office is exactly offset to zero at the time of report consolidation. So even if there are two or more branches under the head office, the accounting will not be chaotic.

Extended information

1. The non-independent accounting profit center has clear and definite market positioning, limited market area and clear competitors;

2. The head office carries out authorization control management on the non-independent accounting profit center, so that it has management authority appropriate to its operating responsibilities;

3. The management of the non-independent accounting profit center is relatively independent, but it keeps close contact with the head office in marketing and financial management. It has greater flexibility without harming the overall interests of the company and the interests of other profit centers;

4. Each non-independent accounting profit center has a perfect internal management mechanism and is a relatively independent economic entity;

5. The head office conducts internal assessment on the profit centers with non-independent accounting, and has corresponding incentive withdrawal mechanism. External market price settlement of various resources and expenses. Internal settlement of various resources and expenses.

Resources Baidu Encyclopedia Non-independent Accounting