What are the accounting entries for overhead reimbursement?

Accountants encounter administrative expenses need to be reimbursed for the situation, usually accounted for in the "administrative expenses - office expenses" account for accounting, the specific accounting entries how to do?

Accounting entries for reimbursement of administrative expenses

Borrow: Administrative Expenses - Office Expenses

Taxes Payable - VAT Payable (Input Tax)

Loan: Bank Deposits/Cash on Hand

Accounting entries for reimbursement of administrative expenses are as follows

Each enterprise has its own rules for reimbursement system, and accountants make reimbursement according to the relevant reimbursement system.

What are administrative expenses?

Administrative expenses are the costs incurred by an enterprise in organizing and managing its business operations. Including the start-up costs incurred during the preparation of the enterprise, the board of directors and administrative departments in the operation and management of the enterprise or should be uniformly borne by the enterprise company funds, labor union funds, board of directors fees, litigation costs, business hospitality, property tax, vehicle and ship tax, land use tax, stamp duty, technology transfer fees and so on.

What is the tax payable?

Taxes payable refers to all kinds of taxes and fees payable by an enterprise based on the business income and profit realized in a certain period of time and calculated by certain tax calculation methods in accordance with the provisions of the current tax law. Taxes payable include value-added tax, consumption tax, enterprise income tax, resource tax, land value-added tax and other taxes paid by enterprises in accordance with the law, and the debit side of taxes payable is recorded as a decrease and the credit side is recorded as an increase. The debit side of the tax payable represents the number of payments and deductible, and the credit side represents the number of accruals and the increase in tax payable.