Invoice refers to the business vouchers issued and collected by all units and individuals in buying and selling goods, providing or receiving services and engaging in other business activities. How to deal with the accounting of collecting taxes and fees when invoicing the part of an enterprise without income?

There are no accounting entries for income, invoices and taxes.

Debit: bank deposit

Loan: income from main business

Taxes payable-VAT payable (output tax)

What is a bank deposit?

Bank deposit is the currency deposited in the bank, and it is an integral part of monetary funds. According to the provisions of China's cash management system, every enterprise must open a deposit account with the People's Bank of China or a specialized bank for deposit and withdrawal, transfer and settlement. Except for a small amount of cash within the prescribed limit, the monetary funds of the enterprise must be deposited in the bank.

Mainly include: settlement account deposits, letter of credit deposits, foreign deposits, etc. The cashier is responsible for the receipt and payment of bank deposits. Every bank deposit income and expenditure business must prepare accounting vouchers according to the audited original vouchers.

What is the income from the main business?

Main business income refers to the operating income obtained by enterprises engaged in production and business activities in this industry. The main business income includes the sales of manufacturing products and semi-finished products and the provision of industrial services; Income from commodity sales by commodity circulation enterprises; Ticket income, tourist income, catering income of tourism service industry, etc.

What is VAT?

Value-added tax is a turnover tax based on the value-added amount of goods (including taxable services) generated in the circulation process. Extra-price tax is implemented, that is, it is borne by consumers, and tax is levied only if there is value added, and tax is not levied if there is no value added.