Deferred property fee accounting subjects

Deferred property fees according to the new accounting standards. When paying the property fee, borrow: advance payment-property fee, and loan: bank deposit/cash on hand; When sharing the property fee, borrow: management fee-office fee, borrow: advance payment-property fee.

1. When paying the property fee

Debit: advance payment-property fee

Loan: bank deposit/cash on hand.

2. Share the property fee.

Borrow: management expenses-office expenses

Loan: advance payment-property fee

The new accounting standard cancels two accounting subjects: accrued expenses and prepaid expenses. In general, the expenses originally included in the accrued expenses are now transferred to accounts payable, such as interest or other payables, and the expenses originally included in the prepaid expenses are now transferred to accounts payable.