How to deal with the utilities collected by the property company? What subjects are included?

The common business of property companies is to collect water and electricity fees, and every month, financial personnel should also do relevant accounting treatment for the collected water and electricity fees. Today, Bian Xiao, a deep space network, will give you a detailed introduction on how to deal with the water and electricity charges collected by property companies. What subjects are included? Come and have a look!

How to deal with the utilities collected by the property company? What subjects are included?

1, accounting treatment during collection

Debit: Cash on hand.

Loans: other receivables-charge for utilities.

2. Accounting treatment when handing over to the Electric Power Bureau

Borrow: other receivables-collect water and electricity fees.

Credit: Cash on hand

3. How to deal with the accounts in advance?

At the time of collection:

Borrow: cash

Loans: other receivables-charge for utilities.

After the electricity bill comes down, the prepaid part will be offset based on the owner's electricity bill.

Borrow: other receivables-collect water and electricity fees.

Credit: cash

When a property company collects water and electricity charges, it shall be included in other receivables, and the collected water and electricity charges shall be set as secondary subjects.

Knowledge Extension: Introduction of Business Scope of Property Management Company

The business scope of property management companies involves water, electricity, environmental green space management and community public facilities.

Property management company is an economic entity with independent legal personality, which can provide good living or working environment for owners and non-owners.

The nature of a property management company is determined by the service nature of property management. Therefore, the services provided by property management companies are of a service nature. So what are the characteristics of property management companies? Bian Xiao listed the following points respectively:

1. The property management company is an independent enterprise legal person and was established according to legal procedures. Be able to independently account for the comprehensive services and management of owners and tenants, and be responsible for their own profits and losses. That is, the property company is an economic entity.

2. The property management company is a service enterprise. It can provide corresponding services for owners and tenants and create a better working and living environment.

3. Property management companies are an important part of urban modernization at this stage.