How does the property company share the utility bill?

The so-called sharing of water and electricity costs refers to all kinds of water and electricity costs in the community or building, including the water consumed by cleaning, street lights, corridor lights, emergency lights, elevators, monitoring and so on. These expenses are generally included in the property fee, but some communities are small or even have no property, so the utilities of public facilities will be shared by residents.

For the charge of water and electricity, included in the "payment collection" subjects. According to the provisions of the fiscal number. 20 13 16. The turnover of the unit engaged in property management is the balance of all income related to property management minus the water, electricity and gas prices paid on behalf of the owner and the water, electricity and gas prices and rent paid on behalf of the tenant. Therefore, the service industry invoice is required to collect water and electricity charges, and the VAT invoice cannot be obtained from the IRS, because your company does not sell water and electricity, but only collects water and electricity charges. It is suggested to communicate with the local taxation bureau according to the fiscal number. 20 13 16. If the local tax does not provide an invoice, you can issue a receipt because it is to collect money.

Property companies charge utility fees, and their accounting entries are as follows:

Borrow: other payables-utilities,

Loan: Cash on hand (bank deposit).