How to make accounting entries in the catering industry

1. Purchase raw materials such as vegetables

Borrow: raw materials-vegetables/meat

Loan: cash on hand/accounts payable

2. Pay labor wages.

Debit: main business cost

Loan: salary payable to employees

Debit: salary payable to employees

Loan: cash on hand

3. Purchase accessories

Debit: main business cost

Loan: cash on hand

4. Purchase equipment that meets the conditions of fixed assets. For example, air conditioner

loans: fixed assets

loans: cash on hand/bank deposits/accounts payable

5, payment of rent, utilities, etc.

loans: sales expenses-rent

sales expenses-utilities

loans: cash on hand/bank deposits/accounts payable

6, income accounting

. Depreciation accrual

Debit: sales expenses

Loan: accumulated depreciation

8, tax calculation

Debit: tax payable-VAT

tax payable-urban construction tax

tax payable-education surcharge

9, month-end carry-over cost, Expenses

Debit: main business cost

Loan: raw materials

Borrow: this year's profit

Loan: main business cost

sales expenses

taxes and additional

income tax expenses (if not done)

11, carry-over income

Debit: main business income

.

Taxes involved in catering enterprises mainly include the following categories:

1. Value-added tax. After the "VAT reform", the VAT rate for general taxpayers in the catering industry is 6%, and the comprehensive collection rate for small-scale taxpayers is 3%;

2. Urban maintenance and construction tax, 7% is paid according to the taxable sales tax (or 5%,1%) at a specific tax rate determined by the local taxpayer;

3. The surcharge for education shall be paid at 3% of the value-added tax paid by the enterprise;

4. Other additional funds shall be calculated according to the relevant regulations of the taxpayer's location;

5. Corporate income tax, the corporate income tax rate is 25%, and the small-scale low-profit enterprise tax rate is 21%;

6. Personal income tax of employees is withheld and remitted;

7. Vehicle and vessel use tax;

8. Stamp duty;

9. Property tax;

11. Land use tax.

It should be noted that catering enterprises do not need to pay every tax, and the specific tax rate is also different, which is determined by the catering service items and scale. We should judge according to the actual situation.

How to make accounting entries in the catering industry?