At present, the catering industry is becoming more and more popular. Consumers can order food by ordering take-out, booking tickets online, group buying, etc. The catering industry needs to purchase ingredients and other businesses. How to deal with the relevant accounts?

accounting entries in the catering industry

1. Accounting entries made in the case of food purchasing and warehousing:

Abstract: food purchasing and warehousing

Borrowing: raw materials-meals

Lending: bank deposits/accounts payable

2. Accounting entries made in the case of the kitchen picking up meals (summarized at the end of the month):

Accounting entries made under the circumstance of offsetting the cost of unused meals in the kitchen at the end of the month:

Abstract: offsetting the cost of inventory meals at the end of the month

Debit: raw materials-kitchen

Loan: main business cost

4. Accounting entries made under the circumstance of restaurant cashier collecting money (which can be summarized and accounted for daily or weekly):

Abstract: collecting customers' meals

Accounts received in advance

taxes payable-value-added tax payable

5. Accounting entries made when the store rent and utilities are paid:

Debit: main business cost-rent

main business cost-water fee

main business cost-electricity fee

Loan: bank deposit

6. Accounting made when the chef's salary is withdrawn at the end of the month. Accounting entries made in the case of month-end profit and loss carry-forward:

Debit: main business income

Loan: main business cost

management expenses

sales expenses

financial expenses

taxes and surcharges

profit for this year

8, Accounting entries made when the salaries of restaurant employees are paid at the beginning of the following month:

Debit: employees' salaries payable

Loan: bank deposit

taxes payable-personal income tax payable

other payables-individuals bear social security

other payables-individuals bear housing provident fund

9. Accounting entries made at the beginning of the following month when individual taxes are declared and transferred:

raw materials refer to all kinds of raw materials, main materials and outsourced semi-finished products that have been processed and changed in shape or nature in the production process, and auxiliary materials that do not constitute product entities but contribute to product formation. Raw materials specifically include raw materials and main materials, auxiliary materials, outsourced semi-finished products (outsourced parts), spare parts for repair (spare parts), packaging materials, fuel, etc.

what is the main business cost?

the main business cost refers to the cost of business activities such as selling goods and providing services. Enterprises generally transfer the cost of goods sold and services provided to the main business cost when confirming the main business income such as goods sold and services provided, or at the end of the month.

what are other payables?

other payables refer to the payables and temporary receipts incurred by the enterprise outside the commodity trading business, specifically including the fixed assets and package rents payable for business lease; Wages that employees fail to receive on schedule; Deposits received (such as income package deposit, etc.) and other aspects.