How should the property company collect and pay the electricity fee?

Accounting entries for collecting water and electricity charges:

First, the property company collects and pays water and electricity fees, which are included in the "other receivables" subject and set up the secondary subject "collecting water and electricity fees". Upon receipt, debit: other receivables, and offset: other receivables when turned over to the electric power bureau. If the electricity fee is received in advance, you can credit "other receivables", and then credit the money received in advance, such as "other receivables", to the credit of "other receivables" according to the monthly electricity fee receivable from the owner until it is reduced to zero.

1. Upon receipt: debit: cash on hand.

Loan: other receivables-collecting water and electricity fees.

2. When handed over to the Electric Power Bureau: Borrow: other receivables-collect water and electricity charges.

Credit: Cash on hand.

3. Some accounting entries received in advance:

(1) When collecting? Borrow: cash?

Loans: other receivables-charge for utilities.

(2) After the electricity bill comes down, the advance part will be collected according to the owner's electricity bill.

Borrow: other receivables-collect utilities?

Credit: cash

Second, the details are as follows:

1. When paying electricity and water charges:

Debit: other receivables-special account xxxxx for paying the owner's utilities.

Loan bank deposit xxxx

2. When receiving the utilities from the owner:

Debit: cash x

Loan: other receivables-special account X for paying the owner's utilities.

3. When receiving the advance payment of 500 pounds from the owner:

Borrow 500 pounds in cash

Loan: accounts received in advance-utilities [XXX ]500 in advance.

4. If the water and electricity fee of XXX this month is 150, it should be carried forward:

Debit: accounts received in advance -XXX 150

Loan: other receivables-special account for paying the owner's utilities: 150.

Extended data

1. 1985, China promulgated the "Measures for the Administration of Approved Collection of Water Fees for Water Conservancy Projects", which made specific provisions on the collection purpose, principles of approved water fees standards, collection, use and management of water fees.

2. The Water Law also stipulates that water supplied by water supply projects shall be paid to water supply units in accordance with regulations. The purpose of collecting water charges is to make rational use of water resources, promote water conservation and ensure the necessary operation management, overhaul and renovation costs of water conservancy projects.

3. The electricity charges charged by power companies to users are divided into basic electricity charges and electricity charges to compensate the above two costs respectively, which is an internationally accepted method for calculating the electricity charges of large power users. This method is called two-part electricity price.

4. It is beneficial for users to bear the cost of power generation and power supply fairly and reasonably, and urge users to increase the power load rate, thus reducing the power generation and power supply cost of power enterprises and reducing the overall level of electricity price.

Reference: Baidu Encyclopedia? Headings in account books

Baidu encyclopedia? charge for water and electricity