How to calculate the utility fee of the property company?

Shared water and electricity costs refer to all kinds of water and electricity costs in the community, generally including clean water, street lights, corridor lights, elevators and other electricity charges. How do property companies charge utility fees?

How to settle accounts for public facilities of property companies?

Property companies charge utility fees, and their accounting entries are as follows:

Debit: other payables-utilities

Loan: Cash on hand (bank deposit)

Which accounting subject is included in the utility bill?

Utilities include management expenses, sales expenses, workshop expenses, projects under construction, etc. , and according to different departments into different accounting subjects.

Write-off the entries of water and electricity charges.

When collecting utilities:

Borrow: manufacturing costs-utilities

Management fee-utility fee, etc.

Credit: Accounts Payable-Utilities

When reducing water and electricity bills:

Debit: accounts payable

Credit: Manufacturing expenses

Management fee-utility fee, etc.

If it is the New Year's reduction, it is:

Debit: Accounts Payable -XX Company

Credit: profit and loss of previous years