How to calculate the rental income?

The lessor's accounting treatment of financial leasing is as follows: on the start date of the lease term, the lessor shall take the sum of the minimum lease payment and the initial direct cost on the lease start date as the recorded value of the financial leasing receivables, and record the unsecured residual value; The difference between the sum of minimum lease payment, initial direct cost and unguaranteed residual value and its present value is recognized as unrealized financing income.

Regarding the tax treatment of financial leasing business, the Notice of State Taxation Administration of The People's Republic of China on the Collection of Turnover Tax on Financial Leasing Business (Guo [2000] No.514) stipulates that financial leasing business undertaken by units approved by the People's Bank of China, regardless of whether the ownership of the leased property is transferred to the lessee, shall be subject to business tax in accordance with the relevant provisions of the Provisional Regulations on Business Tax, and no value-added tax shall be levied. In the financial leasing business engaged by other units, the ownership of the leased property is transferred to the lessee, and value-added tax is levied, but business tax is not levied; If the ownership of the leased goods is not transferred to the lessee, business tax shall be levied, and value-added tax shall not be levied. The following examples illustrate the accounting treatment and tax treatment of the leasing business in which the lessor has not obtained the financing lease right.

① Judging the lease type: Upon the expiration of the lease term, the ownership of the leased equipment is transferred to the lessee, which is in line with the provisions of Article 6, paragraph 1, of the new lease standards and should be recognized as a financial lease.

(2) As the ownership of the equipment agreed in the lease contract is finally transferred to the leasing enterprise, according to the provisions of the tax law, the leasing behavior of Ke Rui Company should pay VAT. Regarding the confirmation of the time of tax obligation, according to the Detailed Rules for the Implementation of the Provisional Regulations on Value-added Tax, if the goods are sold on credit or by installment, it is the payment date agreed in the contract.

Accounting treatment of lease start date

Minimum lease payment = rent × number of installments+the amount paid by exercising the preemptive right.

1, when the financing income is confirmed every month.

Debit: finance lease receivable

Loan: finance lease assets

deferred income

2. When receiving the first rent,

Debit: deferred income-unrealized financing income

Loan: main business income-financing income

Debit: bank deposit

Loan: receivables from finance lease.

Debit: main business income

Loan: Taxes payable-VAT payable (output tax)