Poor management of the store may transfer the store. Generally, the transfer expenses incurred in the transfer of the store are accounted for through long-term prepaid expenses and other subjects. How to write specific accounting entries?

Accounting entry of store transfer fee

1. The transfer fee before the opening of the store is included in "long-term deferred expenses-store transfer fee".

2. Calculate the monthly amount to be amortized according to the payment time, and amortize it monthly after the opening.

(1) The store rent paid belongs to the rent that should be borne this year:

Borrowing: sales expenses, etc. (according to the different uses of the store)

Credit: cash on hand/bank deposit.

(2) If it belongs to the rent in future years:

Borrow: Long-term deferred expenses

Credit: cash on hand/bank deposit.

(3) Monthly amortization:

Debit: sales expenses

Loan: Long-term deferred expenses

What are the long-term prepaid expenses?

The long-term deferred expenses account is used to account for the expenses that the enterprise has spent, but the amortization period exceeds 1 year (excluding 1 year), including the repair cost of fixed assets, the improvement cost of leased fixed assets and other deferred expenses with amortization period exceeding 1 year. Under the subject of "long-term deferred expenses", the enterprise shall set up detailed accounts according to the types of expenses, conduct detailed accounting, and disclose its amortized value, amortization period and amortization method according to the expense items in the notes to the accounting statements. Expenditures for renovation of fixed assets that have been fully depreciated, renovation of fixed assets that have been leased from business, major repairs of fixed assets that meet the requirements of the tax law, and other long-term prepaid expenses. Long-term prepaid expenses can be accounted for in detail according to expense items.