Accounting entries for paying water and electricity bills

Accounting entries for paying water and electricity bills

Pay for this month's expenses

If you receive the water and electricity invoice first, then pay.

Borrow: management fee-utilities

Credit: other payables

Debit: Other payables

Loans: bank deposits

Pay last month's utilities:

Borrow: management fee-utilities

Loans: bank deposits

When collecting utilities in advance

Borrow: bank deposit or cash.

Loan: other payables-* * * (name of company paying water and electricity charges) (if the income from water and electricity charges is the main business income, it should be included in the accounts received in advance)

When recognizing water and electricity fee income

Debit: Other payables-* * * (name of the company that pays utilities) (or accounts received in advance)

Loan: other business income (or main business income)

Accounting entries of the property company for collecting water and electricity charges:

Collection time

Debit: bank deposit

Loan: other payables-name of power supply bureau or water supply company

2. When paying

Borrow: other payables-name of power supply bureau or water supply company

Loans: bank deposits

Which enterprises should pay the water conservancy construction fund?

Exemption scope of water conservancy construction fund

1, production and business units and individual industrial and commercial households that have not reached the threshold of value-added tax and business tax;

2. Income from production and operation exempted from value-added tax and business tax as stipulated by the state;

3. Hunan military enterprises' military sales revenue (excluding military-to-civilian enterprises that have issued industrial and commercial business licenses);

4, national defense projects, flood control projects (excluding commercial and service facilities), orphanages, homes for the elderly construction land;

5. Other exemptions stipulated by the state.

Sources of central water conservancy construction fund:

(a) 3% from the government funds (fees and surcharges) collected by the relevant central departments.

The central government funds (fees and surcharges) that should be drawn from the water conservancy construction fund include: vehicle purchase surcharge, port construction fee, railway construction fund, local telephone installation fee, post and telecommunications surcharge and central electric power construction fund.

(two) other funds that can be used for water conservancy construction funds with the approval of the State Council.

Sources of local water conservancy construction funds:

(1) Withdraw 3% from local government funds (fees and surcharges).

The local government funds (fees and surcharges) that should be extracted from the water conservancy construction fund include: road maintenance fees, highway construction funds, vehicle tolls, highway transportation management fees, driver training fees of local transportation and public security departments, local shared power construction funds, market management fees, individual industrial and commercial management fees, land acquisition management fees, and municipal facilities supporting fees.

(2) Cities with key flood control tasks should set aside no less than 15% of urban maintenance and construction tax for urban flood control construction.

How to deal with the accounting entries of paying water and electricity bills? The external payment of water and electricity fees by enterprises depends on which department of the enterprise pays the fees. The water and electricity expenses of the production workshop are included in the production cost and manufacturing cost, and the water and electricity expenses of the management department and sales department of the enterprise are included in the management expenses and sales expenses of the enterprise.