How to write the accounting diversion when the property project of the property company is subcontracted

Just sign the subcontract when subcontracting the project, and you don't need to write accounting entries.

1. After the contract is signed, you can do this when you need to purchase materials or pay for the project.

Borrow: Construction in progress-Project A

Loans: bank deposits \ accounts payable \ other payables, etc.

Borrow: Engineering Materials-Project A

Loans: bank deposits \ accounts payable \ other payables, etc.

By analogy, installment payment comes one by one. If it can't be completed by the end of the month, we can estimate the project according to the image progress and go back early next month.

The entry is: month-end loan: construction in progress-project A estimation.

Loan: Accounts Payable-Estimated Project Cost

Borrowing at the beginning of the following month: construction in progress-project A estimation (red)

Loan: accounts payable-estimated project cost (red)

When the project is completed, accepted and delivered for use.

Borrow: fixed assets -XX categories (multiple categories can be used, and funds can be transferred one by one)

Loan: Construction in progress-Project A (transferred from the above detailed project)