What Is an Accrual Concept?

Accrued items, also known as accrued unpaid items, refer to the items that have been accrued by the enterprise in the production and operation and profit distribution processes but have not been paid in currency. They mainly include wages payable, interest payable, employee benefits payable, taxes payable , Payable profits or dividends, etc.

Accrued items

The types of accrued items are different, and the factors affecting them are different. The amount of funds for accrued items in the planned year shall be calculated for each item. There are several methods.

(1) Based on the actual occupancy of the previous year, adjust and determine the factors that affect the changes in the planned year.

[Example] The amount of business tax payable in a hotel last year was 10,000 yuan, and the planned annual business income is expected to increase by 10%. The amount of business tax payable plan is calculated as follows:

Business tax plan payable = 10000 × (1 + 10%) = 11000 (yuan)

(2) Calculated based on the minimum number of days occupied. Calculated as follows:

Amount of planned occupation of an accrual project = (Total accrued projects during the planning period ÷ days of the planning period) X minimum occupation days

The minimum number of days in the above formula is the number of days between the calculation period and the payment period.

[Example] The total business tax payable for a hotel in the planned year is 120,000 yuan. The tax law requires that the hotel's monthly sales tax be paid on the 5th of the following month. The business tax payable for the planned year of the hotel is calculated as follows:

Business tax payable in the plan year = (120000 ÷ 360) × 5 = 1667 (yuan)

(3) Calculated based on the average number of days occupied. Calculated as follows:

Planned occupation of an accrual project = (Total number of accrued projects in the planning period ÷ days in the planning period) × (Number of payment interval days ÷ 2)

Taking the above example as an example, the amount of occupation tax payable for the hotel plan is calculated as follows:

Plan occupation tax payable amount = (120000 ÷ 360) × (30 ÷ 2) = 5000 (yuan)