How to keep an account after receiving the invoice?

1. If the enterprise is a general taxpayer who implements the general tax calculation method, the accounting entries when receiving the invoice are:

Borrow: raw materials, etc. (credited to the corresponding account according to the contents of the invoice)

Taxes payable-VAT payable (input tax)

Loan: bank deposit (or accounts payable and other subjects)

2. If the enterprise is a small-scale taxpayer or a general taxpayer with simple tax calculation method, the accounting entries when receiving the invoice are as follows:

Borrow: raw materials, etc. (credited to the corresponding account according to the contents of the invoice)

Loan: bank deposit (or accounts payable and other subjects)

Small-scale taxpayers who receive invoices issued by the other company should be included in the relevant accounting subjects according to the business that has occurred. Because small-scale taxpayers implement a simple method to calculate the tax payable according to the sales volume and the collection rate, small-scale taxpayers should not deduct the corresponding input tax, but should be included in the corresponding subjects according to the total price tax. When the general taxpayer enterprise receives the invoice issued by the other company, it needs to account for it through the subject of "tax payable-value-added tax payable (input tax)" in addition to the relevant accounting subjects according to the business that occurred.