Financial management and accounting of property companies

Financial management and accounting of property companies

Property management company is a huge service organization, and its scope of work includes accounting and financial management. The work of property companies must focus on these two aspects, to ensure the good operation of enterprise funds, to improve the management and service level of enterprise funds, to create a good internal development space and to promote the better development of enterprises.

I. Contents of accounting and financial management of property companies

The accounting contents of property companies include escrow fund accounting, operating income accounting, cost accounting and collection accounting. Escrow fund refers to the * * * facility maintenance fund and maintenance fund managed by property companies on behalf of property owners and users. The operating income of a property management company refers to all kinds of income obtained from property management activities and property management, including main business income and other business income. The cost accounting of property companies is in the form of accrual basis, accounting according to the period expenses and operating costs. The property management company wants to release it? Collect money? Has it started? Other payables? Under this subject, it is used to calculate utilities and other payments collected by enterprises. Financial management refers to the management implemented by property companies in order to plan and control the operation of funds, with the focus on raising funds to achieve the lowest capital cost. Financial management is not only to raise funds, but also to carry out internal control and manage the use of funds. Property financial managers must plan the scope and time of fund-raising according to the management and service needs of the company, ensure the smooth progress of the company's activities, and adopt a reasonable fund-raising plan according to the fund-raising costs and risks that should be paid for each fund-raising plan. This is the financing management task that property companies need to undertake.

Second, the accounting and financial management methods of property companies

(A) detailed financial management

First, pay attention to cost management. When carrying out cost accounting, realize the diversification of accounting levels and enrich accounting items. All costs and expenses incurred by property management companies must be clearly divided by relevant departments and businesses involved. When auditing costs and expenses, it must be standardized, strict, multi-level and batch, and make every effort to ensure the diversification of cost information functions of accounting subjects. In addition, do a good job in matching the capital flow with the company's business, accurately calculate the capital cost of all projects, ensure the practicality and scientificity of accounting information, and provide quality services for the decision-making of property companies. Second, the establishment of profit center should consider the actual situation of the property company, subdivide the community into business units, and establish a profit center for each business unit. Not only that, but also improve the subject setting, sort the accounting subjects to be used, and highlight the status of subject management classification and order. The establishment of profit center can clearly reflect the income, cost and cash flow of each community. Third, strengthen fund management. First of all, we should strengthen the operation level of funds, track and manage them in real time, minimize the consumption of funds and form a rational use of funds; Secondly, reduce the scope of accounts payable, promote the return of funds and maintain a high level of inventory management. Property companies must pay attention to avoid financial dispersion and risks, such as collecting the corresponding deposit on behalf of the owners, or strengthening insurance to control the risk of claims within a reasonable range. Furthermore, the bad debt reserve system should be implemented within the property management company, and the bad debt reserve should be included in the management expenses. This not only strengthens the company's risk awareness, but also improves its ability to resist risks. After taking the above measures, the property management company can relieve the pressure of capital occupation, promote the progress of capital turnover and continuously reduce the cost of capital in a short time.

(two) accurately plan taxable items to ensure the accuracy of tax returns.

Many people in property companies don't know the difference between the owners' rights and interests of property service enterprises, what kind of relationship is the service center of enterprises and the owners' committee, and even some concepts, such as the division of taxable items and non-taxable items, are not well understood. This led to confusion in accounting, falsification of tax returns, and infringement of owners' rights and interests. Only by voting at the owners' meeting can the corresponding annual property service fee be charged. On the basis of the property management cost, the property service enterprise increases the clear cost commission rate, obtains the operating income of the property service enterprise through calculation, and collects the amount from the property service fee charged by the owner [2]. So there are two concepts: the balance of payments of the owners' committee and the operating profit of the service center. The difference between the property service fee charged by the property service enterprise and the actual property service fee charged by the property service enterprise is the balance of income and expenditure of the owners' committee, including the balance of sporadic expenses generated by the owners' committee for managing the public affairs under its jurisdiction. The difference between the actual property service fee charged by the property service enterprise and the property service cost is the operating profit of the service center. The former mainly comes from the owners' rights and interests, while the latter comes from the owners' rights and interests of property service enterprises, and the surplus of the latter is the taxes and fees that enterprises need to pay. In addition, according to the relevant requirements of the tax law, the decoration deposit collected and remitted will not collect and use public maintenance funds for the time being, and there is no need to pay business tax and additional tax.

Three. Concluding remarks

In short, the accounting and financial management of property companies still have a lot to study, such as the problems existing in their work, which are the objects to be studied in the future. Therefore, while making the above explanation, this paper also hopes to make a breakthrough in the related research of accounting and financial management of property companies. In fact, there are many methods for accounting and financial management of property companies, such as perfecting basic accounting work and constructing secondary accounting and management system. As the financial personnel of the property management company, they must improve their professional level, constantly update their concepts and knowledge, and better invest in the accounting and financial management of the property management company.

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