How to deal with the accounts of small-scale property companies

The accounting treatment of small-scale enterprises in property companies is similar to that of small-scale taxpayers in general service industries, and its accounting treatment generally includes income, carry-over costs, expenses during confirmation, etc. The entry is:

When collecting the property service fee, the entry is,

Debit: bank deposit/cash,

Loan: income from main business,

Loan: Taxes payable-VAT payable.

When paying the fee,

Borrow: main business cost,

Loans: salaries payable to employees/goods in stock, etc.

When paying VAT, make the following entries:

Borrow: Taxes payable-VAT payable,

Loan: bank deposit.

When the expenses are paid on time,

Borrow: management expenses-office expenses, etc.

Loans: bank deposits, etc.