Generally, a sales expense account and a bank deposit account are set up to handle the transportation expenses incurred by the company. How to make corresponding accounting entries?

Accounting entries of company transportation expenses

1. Freight refers to the freight incurred in purchasing/selling goods.

Debit: sales expenses

Loans: bank deposits

2. Freight is used to purchase fixed assets and should be included in the cost of fixed assets.

Borrow: fixed assets

Loans: bank deposits

3. Freight expenses that meet the capitalization conditions shall be capitalized:

Borrow: Construction in progress.

Loans: bank deposits

Sales expenses refer to various expenses incurred by enterprises in the process of selling materials and providing services, including insurance premium, packaging fee, exhibition fee and advertising fee, commodity maintenance fee, expected loss of product quality assurance, transportation fee, loading and unloading fee, etc. As well as the staff salaries, business expenses, depreciation expenses and other operating expenses of the sales organization specially established for selling the goods of the enterprise.

What should the logistics company do if it receives the accounting entry of freight?

Debit: bank deposits/accounts receivable

Loan: income from main business

Taxes payable-VAT payable-output tax (general taxpayers can deduct input tax)

If the non-transportation enterprise charges freight,

Debit: bank deposits/accounts receivable

Credit: other payables

pay the shipping fee

Debit: Other payables

Loans: bank deposits