How to do the VAT subsidiary ledger?

At the end of the month, carry forward the value-added tax.

1. Transfer the credit balance to the unpaid tax.

Debit: tax payable-VAT-output tax.

Input tax transfer, etc.

Loan: tax payable-VAT-unpaid tax.

2. Write off the debit balance of unpaid taxes.

Borrow: Taxes payable-VAT-unpaid taxes

Loan: Taxes payable-VAT-input tax.

In this way, the credit balance of unpaid tax at the end of the period is tax payable and the debit balance is tax exemption.

Step 3 pay taxes

Borrow: Taxes payable-VAT-Taxes payable.

Loans: bank deposits

In the next month, the paid taxes will be resold as unpaid taxes.

Borrow: Borrow: Taxes payable-VAT-unpaid taxes.

Loan: Taxes payable-VAT-Taxes payable.

At this time, the credit balance of tax payable is even.