What accounting accounts should be set up in the cost accounting of construction enterprises? How to

1) Set up the "engineering construction" account (used by construction and installation enterprises) or the "production cost" account liquid excavation (used by shipbuilding and other manufacturing enterprises) to calculate the actual contract cost and contract gross profit. The actual contract costs and the recognized gross profit of the contract are credited to the debit side of the Division, and the recognized contract losses are credited to the credit and write-off party of the Division, and after the completion of the contract, the Doosan account and the "Construction Settlement" account are hedged and settled.

2) Set up the "project settlement" account to calculate the price that has been issued to the customer according to the completion progress of the contract. This account is a provision account for the "Engineering Construction" or "Production Cost" account, and the amount of the settlement of the project price settlement bill issued to the customer will be credited to the purpose of this section, and after the completion of the contract, this account will be hedged with the "Engineering Construction" or "Production Cost" account and settled.

3) Set up the "accounts receivable" account to account for the progress payment receivable and the actual receipt, and the pre-received material payment is also accounted for in this account. The project price settlement bill has been issued to the customer, and the project progress payment receivable is credited to the project of this section, and the preparation payment received in advance and the project progress payment actually received are credited to the project of this section.

4) Set up the "main business income" account to calculate the contract income recognized in the current period. The contract income recognized in the current period shall be credited to the subject of this subject, and at the end of the period, the balance of the subject shall be transferred to the account of "profit of the year", and after the carryover, there shall be no balance in this account.

5) Set up the "main business cost" account to calculate the contract expenses recognized in the current period. The contract expenses recognized in the current period shall be debited to the undergraduate project, and at the end of the period, all the balance of the undergraduate program shall be transferred to the "current year's profit" account, and after the carryover, there shall be no balance in this account.

6) Set up the "Asset Impairment Loss" account. Accounting for the estimated loss of the contract recognized in the current period. The estimated loss of the contract recognized in the current period shall be debited to the purpose of this section, and at the end of the period, the balance of this section shall be transferred to the account of "profit of the current year", and after the carryover, there shall be no balance in this account.

7) Set up the "Inventory Decline Provision" account to account for the loss provision provided for the construction contract. The provision for losses accrued in contracts under construction shall be credited to the subject of this section, and the balance of this section shall be adjusted to the account of "cost of main business" after the completion of the contract under construction.

<> construction enterprises will be involved in engineering construction and settlement, this part of the content is related to industrial accounting, if you don't understand the content of this part, then learn it with the deep space network.

Our content in this part is divided into two parts, namely engineering construction and project settlement.

1. Engineering construction.

1) This account accounts for the contract cost and contract gross profit actually incurred by the enterprise (construction contractor).

2) This account can be calculated in detail according to the construction contract, "contract cost", "overhead" and "contract gross profit".

Other direct expenses such as labor costs, material costs, machinery use costs, secondary handling costs of materials on the construction site, use of production tools and appliances, inspection and test costs, depreciation costs of temporary facilities, etc., incurred by the enterprise in the construction of the contract, borrow: project construction (contract cost).

Credit: Employee Compensation Payable.

Raw materials. Indirect expenses such as salaries of management personnel of construction and production units, depreciation of fixed assets, property insurance premiums, project warranty costs, and sewage charges.

Borrow: Engineering Construction (Overhead), Credit: Accumulated Depreciation.

Bank deposits. 2. Project settlement.

1) This account accounts for the cumulative amount of settlement made by the enterprise (construction contractor) to the owner according to the construction contract.

2) This account can be accounted for in detail according to the construction contract.

3) The enterprise shall settle the project price to the owner according to the amount that should be settled.

Debit: Accounts receivable.

Credit: Project settlement.

Accounting treatment of settlement income of construction enterprises.

The difference between the project settlement tax and the additional "tax payable" account shall be credited to the "deferred tax" account, and the project payment will be transferred back in installments and handed over to the treasury after receiving the project payment. The various taxes accrued in the "Tax Payable" account ensure that the tax returns are filed and deposited in the treasury on time. The specific accounting treatment is as follows:

1) When revenue is recognized at the end of the month.

Debit: Accounts receivable.

Credit: Project Settlement Income Main Business Income.

2) When taxes are accrued.

Borrow: Project Settlement Tax and Surcharge Main Business Tax and Surcharge.

Credit: Tax Payable – Deferred Tax.

3) When the tax is deposited into the treasury.

Debit: Taxes payable.

Credit: Bank deposits.

4) When the arrears of construction payments are received in the future.

Debit: Deferred tax.

Credit: Taxes payable.

5) When the tax is deposited again.

Debit: Taxes payable.

Credit: Bank deposits.

After the completion and settlement of the project, the amount of the project arrears can be calculated according to the amount in the "deferred tax" account, which is convenient for checking with the "accounts receivable" account. After the project price is settled, the amount of the "tax payable" account is the same as the amount of the "project settlement tax and surcharge" account, and the income and cost are calculated according to the actual completed workload, which is in line with the provisions of the accounting system on the accrual system and the principle of proportionality. What are the daily workflows of industrial accounting?

The construction industry is different from the usual business enterprises, so do you know what accounting subjects need to be set up in the construction industry? If you don't know this part, let's learn it with Deep Space Network.

Is it difficult to work as an accountant in the construction industry?

Construction is one of the fastest-growing industries in social and economic development, so there are a lot of accounting talents needed in this industry, but the difficulty of accounting personnel in construction enterprises is relatively large.

How to set up the accounting subjects related to engineering construction enterprises.

1. Set up in accordance with the enterprise accounting system.

2. Set up in accordance with the accounting system of the original industry enterprises.

3. Engineering construction is equivalent to the "production cost" account of the production enterprise. Leak Sen mainly calculates the cost and gross profit of each project. Set up two sub-level detail accounts for Contract Cost and Gross Profit below.

4. Engineering construction - the following detailed accounts should be set under the contract cost.

1) Labor cost (project department accounting).

2) Material cost (project department accounting).

3) Machinery usage fee (project department accounting).

4) Other direct costs (project department accounting).

5) Subcontracting costs (project department accounting).

6) Overheads.

Construction enterprises are commonly known as contractors in the world, and are divided into three categories according to their ability to contract projects: general engineering contracting enterprises, construction contracting enterprises and special subcontracting enterprises.

1. General contracting enterprise of the project.

It refers to an intellectual-intensive enterprise engaged in the whole process of contracting activities of engineering construction projects. It should have the ability to include: engineering survey and design, engineering construction management, material and equipment procurement, engineering technology development and application, and engineering construction consulting.

2. Construction contracting enterprises.

It refers to an enterprise engaged in contracting activities in the construction stage of an engineering construction project. It should have the ability to contract and manage construction projects.

3. Special subcontracting enterprises.

It refers to enterprises engaged in special subcontracting and small engineering activities below the contracting quota in the construction stage of engineering construction projects. It should have the ability to carry out special project subcontracting under the management of the general project contracting enterprise and the construction contracting enterprise, and to carry out construction contracting and construction management for small projects below the quota.

The scope of minor works below the quota shall be determined by the people's construction administrative departments of provinces, autonomous regions and municipalities directly under the Central Government. How to make accounting entries for the cost of income of a construction engineering company?