How to do well the entry of advance payment of property fees

How to do well the entry of advance payment of property fees

First, one-time entry

situation

The end of the year is coming, and the new year is about to begin. Enterprise A, a property management company, recently started to collect the property fees in 2020 in advance. As the owner, Enterprise B needs to pay the property fee of 10300 yuan in advance in 2020. Assuming that enterprise A is a small-scale taxpayer enterprise, the accounting treatment is as follows:

1. Confirm the tax payable.

Debit: accounts receivable 10300

Loan: main business income 10000.

Taxes payable-VAT payable 300

2. Confirm that tax reduction and exemption is non-operating income.

Borrow: Taxes payable-VAT payable 300.

Loan: non-operating income 300

Second, the monthly knot

Due to the complexity of financial work, the property fees received in advance are generally recorded in one lump sum, but some enterprises will specifically require financial personnel to record the property fees on a monthly basis. Then, how can property fees be recorded monthly?

Continue to take the data in the case as an example. If Enterprise A requires financial personnel to record the business expenses for one year on a monthly basis, the financial personnel will conduct the following accounting treatment (the value will be retained to two decimal places):

1. When collecting money

Debit: bank deposit 10300

Loan: advance payment 10000.

Taxes payable-VAT payable 300

2. Monthly accounting treatment

Debit: accounts received in advance 833.33

Loan: income from main business is 833.33.

Tips: Property Fee Taxable Fee = Property Fee ÷( 1+ VAT payable rate) × VAT payable rate.

Entry of purchasing cleaning products by property management company

Cleaning products purchased by the property management company belong to low-value consumables, which should be settled in the low-value consumables account, and the detailed account should be the name of various cleaning products.

The accounting entries of cleaning products purchased by the property company are as follows:

Borrow: low-value consumables

Credit: cash on hand/bank deposit/accounts payable

Low-value consumables refer to artificial materials whose unit value is more than 10 yuan and less than 2,000 yuan, or whose service life is less than one year, and cannot be used as fixed assets.

The purchased low-value consumables can be used as fixed assets, or they can be recorded as low-value consumables first, which will be amortized at one time and included in management expenses; In addition, it can also be directly recorded as management expenses-office expenses when purchasing.

How to book property fees in advance? In actual accounting, the property company also follows the accrual principle of the enterprise accounting system and accounts for the income and expenditure items of the property company according to the accounting method of the enterprise. The property fees charged by the property management company belong to its income, and the wages and maintenance fees of all kinds of personnel belong to the company's expenses.