How to invoice the property company for collecting water and electricity charges?

How to invoice the property company for collecting water and electricity charges?

1. According to the Notice of the State Administration of Taxation of Hebei Province on Answering Some Policy Questions about Printing and Distributing Enterprise Income Tax (No.1665438 [20 13]), if the water (electricity) resale party is a VAT taxpayer, the enterprise should ask for a VAT invoice from it as evidence for pre-tax deduction of water (electricity) fees. If the water (electricity) resale party is a non-VAT taxpayer, then the enterprise can take the original water (electricity) fee split sheet provided by the property company as evidence of pre-tax deduction of water (electricity) fee; If there is no property management, the pre-tax deduction can be based on the house lease contract signed with the lessor, the proof of paying the water (electricity) fee and the water and electricity division sheet confirmed by the seals (or signatures) of both parties.

2. According to Article 28 of Chapter III of the Announcement of Jiangsu Local Taxation Bureau on the Administrative Measures for Issuing Pre-tax Deduction Vouchers of Enterprise Income Tax (No.[201]13 of Jiangsu Local Taxation Bureau), if the property company collects the enterprise's water and electricity charges, and cannot obtain an invoice separately, it can rely on the Certificate of Water and Electricity Usage Records issued by the property company and the water and electricity department.

3. According to the Announcement of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on the Value-added Tax of Tap Water for Property Management Services (Announcement No.54 of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC), 20 16), the tap water fee charged by taxpayers for providing property management services to clients is calculated and paid VAT according to the simple taxation method, and the tax rate is 3%. At the same time, taxpayers can issue special VAT invoices to clients at the rate of 3%.

4. General taxpayers who provide property services charge electricity and heating fees on their behalf. There is no particularly simple tax calculation method, and VAT is paid according to the applicable tax rate or collection rate. General taxpayers adopt the general tax calculation method, while small-scale taxpayers adopt the simple tax calculation method, and can issue special VAT invoices in full.

5. Although the property management company has no business project of selling water and electricity, it has the business of selling water and electricity, which belongs to the scope of VAT. According to the regulations, you can apply for issuing special VAT invoices or ordinary VAT invoices through the tax authorities.

To sum up, property companies can't issue VAT invoices when collecting water and electricity charges, and the regulations vary from place to place. This issue is not clear in national laws and regulations. Please consult the local competent tax authorities for details.

What is the accounting entry for the property company to collect water and electricity charges?

1. The property management company collects and pays the water and electricity charges, and records them in the "other receivables" account, and sets up the second-level account of "collecting water and electricity charges". Borrow when collecting money: other receivables, and note when turning them over to the electric power bureau: other receivables. If it is an advance receipt, it can be credited to "other receivables" first, and then credited to "other receivables" on a monthly basis, such as "other receivables" until.

1. Upon receipt: debit: cash on hand.

Loan: other receivables-collecting water and electricity fees.

2. When handed over to the Electric Power Bureau: Borrow: other receivables-collect water and electricity charges.

Credit: Cash on hand.

3. Some accounting entries received in advance:

(1) When collecting? Borrow: cash

Loans: other receivables-charge for utilities.

(2) After the electricity bill comes down, the advance part will be collected according to the owner's electricity bill.

Borrow: other receivables-charge for water and electricity.

Credit: cash

Second, the details are as follows:

1. When paying electricity and water charges:

Debit: other receivables-special account xxxxx for paying the owner's utilities.

Loan bank deposit xxxx

2. When receiving the utilities from the owner:

Debit: cash x

Loan: other receivables-special account X for paying the owner's utilities.

3. When receiving the advance payment of 500 pounds from the owner:

Borrow 500 pounds in cash

Loan: accounts received in advance-utilities [XXX ]500 in advance.

4. If the water and electricity fee of XXX this month is 150, it should be carried forward:

Debit: accounts received in advance -XXX 150

Loan: other receivables-special account for paying the owner's utilities: 150.