Payment:
Debit: accounts payable. Loans: bank deposits, etc.
After receiving the materials, estimate them first and enter them in the account:
Borrow: raw materials
Credit: Accounts Payable-Estimated Material Payment
After receiving the invoice next month, first write the voucher for estimating the payment of materials in red, and then add the correct voucher to do it:
Borrow: raw materials
Taxes payable-VAT payable-input
Credit: accounts payable
The difference between special invoices and ordinary invoices;
Special invoice for value-added tax is a new type of invoice used to implement the new value-added tax system in China. Compared with ordinary invoices used in daily business, it has the following differences:
1. The printing requirements of invoices are different:
According to the provisions of Article 22 of the new tax administration law, special VAT invoices are printed by enterprises designated by the competent tax authorities in the State Council; Other invoices shall be printed by enterprises designated by the State Taxation Bureau and Local Taxation Bureau of provinces, autonomous regions and municipalities directly under the Central Government in accordance with the provisions of the competent department of the State Council. No invoice shall be printed without the designation of the tax authorities specified in the preceding paragraph.
2. The entities used in the invoice are different:
Generally, special VAT invoices can only be purchased and used by general VAT taxpayers. If a small-scale taxpayer needs to use it, it shall be issued by the local tax authorities after approval by the tax authorities. Ordinary invoices can be purchased by all kinds of taxpayers engaged in business activities and handling tax registration. Taxpayers who have not applied for tax registration may also apply to the tax authorities for purchasing and using ordinary invoices.
3. The contents of the invoice are different:
The special VAT invoice not only includes the name of the buyer, the seller, the goods or services, the quantity and measurement unit of the goods or services, the unit price and the combined price, the billing unit, the payee and the billing date, but also includes the taxpayer's tax registration number, the amount excluding VAT, the applicable tax rate and the VAT payable.
4. Invoices have different serial numbers:
Special VAT invoice in quadruplicate and seven copies. The first copy is the stub copy (kept for future reference), the second copy is the invoice copy (for the buyer's bookkeeping), the third copy is the deduction copy (for the buyer's tax deduction certificate), the fourth copy is the bookkeeping copy (for the seller's bookkeeping), and the seventh copy is the backup copy, which is used for enterprise card issuing, inspection and warehouse retention respectively. Ordinary invoices are only in triplicate, with the first stub, the second invoice and the third bookkeeping.
5. Invoice has different functions:
The special VAT invoice is not only a voucher for the buyer and seller to receive and pay, but also a voucher for the buyer to deduct VAT. Except for freight, agricultural and sideline products and waste materials, which are deducted according to the statutory tax rate, ordinary invoices shall not be deducted.