How to write the accounting entry of property company charging property fee?

The property fee is the fee charged by the user to entrust the property to carry out daily maintenance and repair of public facilities, greening, sanitation, etc. in its area. How to write accounting entries for property fees charged by property companies?

Accounting treatment of property fees charged by property companies

Debit: accounts receivable

Loan: income from main business

Taxes payable-VAT payable

Confirmation of tax reduction and exemption as non-operating income:

Borrow: Taxes payable-VAT payable

Loan: non-operating income

What is the income from the main business?

Main business income refers to the operating income obtained by enterprises engaged in production and business activities in this industry.

The "main business income" account belongs to the profit and loss account, which is used to calculate the income generated by enterprises in their daily activities such as selling goods and providing services. The account should be set according to the main business type, and there is no balance at the end of the period.

What is non-operating income?

Non-operating income, also known as "non-operating income", refers to the income that is not directly related to the production and operation process and should be included in the current profit, and is an integral part of the financial achievements of the enterprise.

Non-operating income is accounted for in "profit" or "profit and loss" and needs to be listed separately in the "income statement" of the enterprise. The funds belonging to the non-operating income of enterprises should be recorded in a timely manner, and are not allowed to be occupied as small items or other expenditures that do not meet the requirements of the system.

The accounting of non-operating income of enterprises is carried out under the subject of "non-operating income", and detailed accounts can also be set up under this subject according to various incomes.

The "non-operating income" account belongs to the profit and loss account. The lender represents the amount of non-operating income incurred by the enterprise, and the debit represents the amount transferred to the "profit of this year" subject at the end of the period. After carrying forward, there is no balance at the end of this account.