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What are the accounting entries for amortization of property fees?

Property companies that collect property fees should be handled according to the actual situation. If the property fee is only charged for one month or one accounting period at a time, the income will be recognized when the property fee is charged. If more than one accounting period is charged at a time, the period during which the property company collects the property fee shall be shared. The entry is,

Debit: bank deposit,

Loans: accounts received in advance, etc.

Debit: accounts received in advance,

Loan: income from main business,

Taxes payable-VAT payable.