Job Recruitment Website - Property management - How does the property company keep an account when it receives the tenant's goods to offset the rent?

How does the property company keep an account when it receives the tenant's goods to offset the rent?

1. First, we need to confirm the value of the goods provided by the tenants. This can be determined by market price, negotiated price or evaluation value.

2. Then, in the financial records, the amount of rent that should have been collected is recorded as rent receivable, that is, the cash rent that the property company should have collected from the tenants.

3. Then the goods provided by the lessee are recorded as assets received, which can be recorded as inventory, fixed assets or other appropriate asset categories according to the nature and use of the goods.

4. Then, in the financial records, offset the value of the goods provided by the lessee from the rent receivable, which can be achieved by reducing the amount of rent receivable or creating a credit account.

Finally, the goods provided by tenants involve taxes, such as value-added tax or sales tax, and related tax matters need to be recorded and handled.