The property management company received the accounting entries of the public maintenance fund.

The public * * * maintenance fund is a special maintenance fund for general housing, and the special maintenance fund collected by the property management company is specially used for the maintenance, renewal and transformation of the * * * parts and facilities of the property after the expiration of the property warranty period. How to deal with related accounting entries?

How do property companies do accounts when they receive public maintenance funds?

The accounting entries are as follows:

When collecting special maintenance funds:

Borrow: cash on hand, etc.

Loan: Special Payables-Escrow Fund

When used for special maintenance expenses:

Debit: special accounts payable-escrow fund

Loans: bank deposits, etc.

Special accounts payable are all kinds of accounts payable and temporary receipts from enterprise special funds. Such as: payable for purchasing special materials, project price payable to contractors, transportation fees payable, fines payable and various temporary special funds. In order to reflect the increase and decrease of special payables and temporary receipts, the account of "special payables" should be set up. Special payables or special temporary receipts are credited to this account when they occur, and debited to this account when they are paid. The credit balance is actually a special payable. Under the "special accounts payable" account, the detailed account should be set up according to the unit or individual. The accounts payable arising from the mutual advance of special funds and working capital within the enterprise are directly transferred through the subjects of "bank deposit" and "special deposit", and are not accounted for in the subject of "special accounts payable".

Accounting entry of property company charging electricity fee

If the property company is profitable when collecting and remitting electricity charges, make the following accounting entries:

1. When paying the electricity fee of the power company:

Debit: main business cost

Taxes payable-VAT payable-input tax

Loans: bank deposits

2. When charging the owner's electricity fee:

Debit: bank deposit

Loan: income from main business

Taxes payable-VAT payable-output tax