I. Accounting entries under the financial sector direct payment method.
1, when the expenditure occurs, according to the receipt of the "financial direct payment notice" and the relevant documents, directly credited to the "financial subsidy income".
Example: June 20, 20XX, an institution with financial special subsidies to buy a piece of equipment does not need to be installed, the price of the equipment is 5000000 yuan, by the financial direct payment. According to the receipt of the "financial direct payment notice" and the relevant documents, should prepare the following accounting entries:
Borrow: Fixed Assets 5 000 000
Credit: Non-current Assets Fund - Fixed Assets 5 5,000,000
Borrow: Business Expenditure - Financial Assistance Expenditure 5,000,000
Loan: Financial Assistance Income 5,000,000
2. Under the mode of financial direct payment, at the end of the year, according to the difference between the number of budgetary targets for the current year's direct payment and the number of actual expenditures for the current year's direct payment, debit At the end of the year, according to the difference between the budget target of the current year's financial direct payment and the actual expenditure of the current year, debit the account of "financial refundable amount - financial direct payment" and credit the account of "financial subsidy income".
3. After the restoration of the financial direct payment amount in the next year, when the institution incurs actual expenditure by means of financial direct payment, it will debit the subject of "Business Expenditure" and credit the subject of "Financial Refundable Amount--Financial Direct Payment". Financial direct payment".
Expanded Information:
Fiscal Direct Payment Process:
1, the first level of the budget unit to summarize, fill out the "application for direct payment of the fiscal" submitted to the Finance Bureau Treasury Payment Center.
2, the Treasury Payment Center of the Finance Bureau after review and confirmation, the issuance of "fiscal direct payment summary clearing amount notice" and "fiscal direct payment vouchers" were sent to the People's Bank of China, the extra-budgetary special account of the account holders and agent banks.
3. According to the "Fiscal Direct Payment Voucher", the agent bank pays the funds directly to the payee or the spending unit in a timely manner, and then issues the "Fiscal Direct Payment Notice of Accounting" and sends it to the first-level budgetary unit and the grass-roots budgetary unit.
4. The first-level budget unit and the basic-level budget unit use the Fiscal Direct Payment Entry Notice as the voucher for receiving and paying the money.
5. Based on the payment instructions from the Treasury Payment Center of the Finance Bureau, the agent bank will summarize the actual payment of funds on the same day by first-level budget units and budget subjects, fill in the transfer application vouchers with actual payment lists by the nature of the funds, and clear the payment with the Treasury Single Account and the Extra-Budgetary Special Account respectively.
6, the People's Bank of China and the extra-budgetary special account bank in the "financial direct payment summary liquidation amount notice" within the amount determined, according to the agent bank on a daily basis according to the actual amount of payment of financial funds to fill in the transfer application with the agent bank for the liquidation of funds.
Baidu Encyclopedia - Fiscal Direct Payment