What invoices can be used as company costing?

Mondo Technology Updated on 2024-02-01

Finance often asks business owners for cost tickets, which makes many bosses confused: "What exactly is a cost ticket?" Is the company really missing these tickets? So, let's solve the mystery.

The invoice for the operating cost of an enterprise, in short, is the bill of various expenses generated by the enterprise in the course of operation. It is an important part of the operating profit of the enterprise and has a crucial impact on the payment of corporate income tax.

Let's understand this problem through a simple mathematical formula: business operating profit = income - expenses. This means that in the case of fixed income, the number of cost invoices directly affects the profit of the enterprise and the payment of income tax.

For small-scale taxpayers, even if their revenue in a quarter does not exceed 450,000, only VAT is exempted. As long as the business is profitable, it must pay corporate income tax. Therefore, for these enterprises, if they lack cost tickets, they will face the risk of overpaying corporate income tax.

Under the strict supervision of the tax department, everyone wants to comply with the law and pay less tax. Therefore, everyone is staring at the "cost ticket". However, this puts a lot of pressure on the company's finance staff, who often struggle with the lack of cost invoices.

So, what is a cost invoice? Cost invoices, also known as cost invoices, referred to as cost invoices, refer to the expense bills incurred by the company in the process of selling goods or providing services. These expenses include, but are not limited to, raw material procurement, production and processing, transportation, labor costs and other aspects. In short, "cost" is the expenses required to run a business.

What invoices can be used as company costs? Office fixed expenses: rent (individual), property, water and electricity, decoration, Internet fees, **Office daily consumption: office supplies, magazines, express delivery, greening Travel and transportation expenses: accommodation, meals, fares, train tickets Aircraft Company vehicle expenses: postage, parking, tolling, car maintenance, repair, car insurance Service fees: agency services, auditing, intermediary, legal consulting services, recruitment Training, activity expenses: training, meetings Advertising expenses: advertising, promotion Hospitality: tobacco, alcohol, gifts Finance expenses: bank procedures, Credit certificates, bank confirmations, third-party guarantees Long-term asset expenses: housing, construction in progress, land, vehicle purchase and purchase, software system and finally other expenses: property insurance, labor insurance, work clothes, institutional members, non-welfare personnel reimbursement Note: Not all expense bills can be reimbursed, and the following five expense invoices cannot be reimbursed normally: 1General invoice without enterprise tax ID 2Fill in the expense invoice for incomplete items in the remarks column of the invoice3The invoice stamp is not properly covered4The common name of the office supplies and other invoices5The invoice does not match the actual business. If the general taxpayer enterprise does not obtain the cost invoice, there must be no input tax, which means that the output tax of the enterprise has no input tax deduction, in addition to the overpayment of enterprise income tax, there is also value-added tax and additional tax. For all bosses, there is nothing more frustrating than a good income, but the cost ticket is hard to find. Getting an invoice is not easy, and you may hear excuses such as "I've run out of invoices this month, come back next month", "the ticket machine is down", or "I need to add a tax point". In real business, it is not uncommon for small-scale taxpayers to be unable to obtain cost invoices, because their partners are often small-scale operators, and their financial management is not standardized enough, and their willingness to issue invoices is not strong. However, in order to pay less tax, some companies actually choose to open falsely and purchase ***. Please note that this non-compliance has already cost many companies and those responsible. In order to avoid unnecessary risks, it is advisable to seek the help of a professional for tax planning. The basic principle of tax planning is to take advantage of regional advantages and preferential tax policies to reduce the tax burden of enterprises within the scope of the law.

What kind of company is suitable for bookkeeping?

*Bookkeeping is suitable for what type of company.

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