How to enter the water and electricity charges of the property?

First of all, it should be clear that the property company is entrusted by the water supply and power supply department to collect utilities as an agent. Property companies can also save a lot of labor costs by taking commission from the water supply and power supply department.

The financial personnel of the accounting department of the property company will register the money received into the account book, and the entry is:

Debit: Cash on hand.

Loan: other payables-prepaid utilities.

When the property is handed over by the owner, the water and electricity charges are recorded:

Borrow: management expenses (or sales expenses, manufacturing expenses and other subjects)-public utilities.

Loan: Cash on hand (or bank deposit)

In practice, it should also be noted that the money collected on the same day should be deposited in the account designated by the water supply and power supply department on the same day. Can't be stored in the safe in the accounting room. According to the financial regulations, the cash limit of the safe should not exceed 3000 yuan.