Job Recruitment Website - Property management company - For example, I am in a property company and I have to pay utilities at the end of the year. Every month, I deposit the electricity bureau first, and borrow: prepayment loan: bank deposit.

For example, I am in a property company and I have to pay utilities at the end of the year. Every month, I deposit the electricity bureau first, and borrow: prepayment loan: bank deposit.

Accounting entries should be:

Deposit in the electric power bureau first every month, borrow: advance payment loan: bank deposit,

Then charge the fee, borrow: cash/bank deposit loan: main business income.

When the electric power bureau receives the invoice, it borrows: the main business cost or operating expenses, and borrows: the advance payment.