Job Recruitment Website - Property management company - Let the property management company issue a receipt for water and electricity charges to others, and then issue an invoice later. How should the property company keep accounts?

Let the property management company issue a receipt for water and electricity charges to others, and then issue an invoice later. How should the property company keep accounts?

1. When issuing a receipt, borrow: cash or bank deposit 100.

Creditor: advance payment 100

2. When invoicing, debit: prepayment 100.

Loan: main business income 100/ 1. 17.

Loan: Taxes payable-VAT (100/1.17) * 0.17.

You don't make income by issuing receipts, you make income by issuing invoices, and you have to pay taxes. Divided by the VAT rate, this is 17%.