Accounting treatment related to real estate companies

The accounting of the real estate company can be said to be in the industry salary, so what accounting entries will the real estate company involve? If you don't know much about this part, learn from deep space network!

Relevant accounting treatment of real estate companies

1. The sales commission income collected by the real estate agency belongs to the agency fee income, and the agency fee income shall be confirmed when selling the real estate (usually when issuing the agency fee invoice):

Debit: bank deposits/accounts receivable

Loan: income from main business

2. In cost accounting, you can set the subject of "labor cost" to calculate the labor cost directly related to the sale of houses, and carry forward the cost while confirming the income.

Debit: main business cost

Loans: labor costs

The daily management expenses incurred by the company are included in the management expenses when they occur. In order to simplify the accounting, the subject of "labor cost" may not be set. All operating and management expenses incurred are included in management expenses, sales expenses and other period expenses when incurred.

How should the expenses incurred by real estate agents be accounted for?

All income-related expenses are included in the main business cost; It is difficult to separate the cost of the service industry from the sales expenses. It is suggested that in addition to the salary of business personnel, venue rent, utilities, communication (network) fees, property fees and other similar costs should be included in the cost; Office expenses, advertising fees, consulting fees and other management-related contents are included in sales expenses or management expenses; All income-related expenses are included in the main business cost; It is difficult to separate the cost of the service industry from the sales expenses. It is suggested that in addition to the salary of business personnel, venue rent, utilities, communication (network) fees, property fees and other similar costs should be included in the cost; Office expenses, advertising fees, consulting fees and other management-related contents are included in sales expenses or management expenses. At the beginning of the year, accountants should set up application books according to the needs of accounting work, commonly known as "establishing accounts". The base date of account opening shall be the date of establishment of the company, that is, the date of issuance of business license or the date of change of business license. Because accounting is carried out in stages, in actual work, the end of the month or the beginning of next month is generally taken as the base date. If a company is established on a certain day of the month, the beginning of the following month is generally the base date for establishing accounts.