Accounting treatment of utilities in small property companies

First, the accounting treatment of water and electricity in small property companies after the reform of the camp:

1. When collecting the owner's utilities, issue an invoice:

Debit: bank deposit

Loan: income from main business

Taxes payable-VAT payable

2. When handing over to the Water and Electricity Bureau:

Borrow: management fee-utilities

Loans: bank deposits

2. According to the provisions of Caishui [2065438+06] No.36, the property management company collects water, electricity, gas and garbage disposal fees. In the name of a property management company, if invoices are issued for customers, the VAT shall be declared and paid at the applicable tax rate.

Three, at the same time meet the following conditions, the collection and payment of utilities, no value-added tax:

(1) Water supply companies and power companies issue invoices to customers;

(2) The property management company forwards the invoice to the customer;

(3) The property management company shall settle accounts with customers according to the actual water and electricity charges collected by water supply companies and power companies.

Accounting treatment of utilities in small property companies

Accounting-related accounting treatment of property management enterprises;

1. Asset subjects: cash, bank deposits, other monetary funds, short-term investments, bills receivable, accounts receivable, prepayments, other receivables, prepaid expenses, long-term prepaid expenses, fixed assets, low-value consumables, fixed assets clearing, accumulated depreciation and construction in progress.

2. Liabilities: wages payable, bills payable, accounts payable, short-term loans, long-term loans, other payables, accounts received in advance, accrued expenses, taxes payable and other payables.

3. Owner's equity subjects: paid-in capital, capital reserve, current year's profit, profit distribution and surplus reserve.

4. Cost account

5. Profit and loss subjects: main business income, other business investment income, non-operating income, main business cost, main business tax and surcharge, other business expenses, operating expenses, management expenses, financial expenses, non-operating expenses, income tax, and profit and loss adjustment of previous years.

Accounting procedures, also known as accounting organization procedures or accounting forms, refer to the combination of accounting vouchers, accounting books and accounting statements.

Including the types and formats of accounting vouchers and account books, the contact methods of accounting vouchers and account books, the working procedures and methods from the original vouchers to the preparation of accounting vouchers, the registration of subsidiary ledger and general ledger, and the preparation of accounting statements.

Different combinations of accounting vouchers, accounting books and accounting statements lead to different accounting treatment procedures with different methods, characteristics and application scope.

Setting up reasonable accounting procedures is of great significance for scientifically organizing accounting work and giving full play to the role of accounting in economic management.