Ask for advice on how to make accounting entries for project progress

Hello: The first step: at the end of each month, the company's budget department will issue a bill for the settlement price of the project (see annex) according to the completion progress of the construction contract, and send it to the financial department for accounting entries

Debit: Accounts receivable - * units.

Credit: Project Settlement - * Project.

Step 2: At the end of each month, the financial department recognizes the contract revenue, contract cost and contract gross profit according to the percentage of completion method, and makes accounting entries

Borrow: cost of main business - * engineering.

Engineering Construction - Contract Gross Profit - * Project.

Credit: Main Business Income--* Engineering.

Step 3: At the end of each month, the financial department calculates the business tax and surcharge for withholding and payment according to the project settlement of the subcontractor confirmed in the current period; According to the difference between the main business income recognized in the current period and the project settlement of the subcontractor, calculate the main business tax and surcharge completed by itself and carry out financial treatment for accounting entries

Borrow: main business tax and surcharge.

Credit: Tax Payable - Business Tax Payable - Self-Done.

Tax payable - business tax payable - withholding and remitting.

Tax payable - urban construction tax payable - done by yourself.

Tax payable - urban construction tax payable - withholding and payment.

Credit: Other payables - education fee surcharge - self-fulfillment.

Other payables - education fee surcharge - withholding and payment.

1. For the construction unit, when receiving the construction ticket, borrow: construction in progress (xx project) credit: accounts payable did not receive the ticket payment loan:

Prepaid Accounts (xx Project Progress Payment) Credit: Bank 2, if it is a construction party, borrow: Bank Loan:

Advance Receipts After Invoicing Borrow: Advance Receipts Credit: Sales Income Value Added Tax.

Units that have received payment for the project:

Debit: Accounts Receivable, Credit: Main Business Income, Credit: Tax Payable - VAT Payable - Output Tax, Debit: Bank Deposits, Notes Receivable, etc., Credit: Accounts Receivable, Unit Paying for the Project:

Borrow: construction in progress, fixed assets, etc., Borrow: tax payable - VAT payable - input tax, credit: accounts payable, debit: accounts payable, credit: bank deposits, notes receivable, etc.

Summary. Hello, hello: the first step: at the end of each month, the company's budget department will issue a bill for the settlement price of the project (see annex) according to the completion progress of the construction contract, and send it to the financial department for accounting entries

Debit: Accounts receivable - * units.

Credit: Project Settlement - * Project.

Step 2: At the end of each month, the financial department recognizes the contract revenue, contract cost and contract gross profit according to the percentage of completion method, and makes accounting entries

Borrow: cost of main business - * engineering.

Engineering Construction - Contract Gross Profit - * Project.

Credit: Main Business Income--* Engineering.

Step 3: At the end of each month, the financial department calculates the business tax and surcharge for withholding and payment according to the project settlement of the subcontractor confirmed in the current period; According to the difference between the main business income recognized in the current period and the project settlement of the subcontractor, calculate the main business tax and surcharge completed by itself and carry out financial treatment for accounting entries

Borrow: main business tax and surcharge.

Credit: Tax Payable - Business Tax Payable - Self-Done.

Tax payable - business tax payable - withholding and remitting.

Tax payable - urban construction tax payable - done by yourself.

Tax payable - urban construction tax payable - withholding and payment.

Credit: Other payables - education fee surcharge - self-fulfillment.

Other payables - education fee surcharge - withholding and payment.

How to make entries for construction companies to recognize revenue according to the progress of completion.

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Hello, hello: the first step: at the end of each month, the company's budget department will issue a bill for the settlement price of the project (see annex) according to the completion progress of the construction contract, and send it to the financial department for accounting entries

Debit: Accounts receivable -- * Unit Credit: Project Settlement -- * Project Step 2:

At the end of each month, the financial department recognizes the contract income, contract cost and contract gross profit according to the percentage of completion method, and makes accounting entries: borrow: main business cost - * engineering construction - contract gross profit - * project loan:

Main business income - * The third step of the project: At the end of each month, the financial department calculates the business tax and surcharge for withholding and payment according to the project settlement of the subcontractor confirmed in the current period; According to the difference between the main business income recognized in the current period and the project settlement of the subcontractor, calculate the main business tax and surcharge completed by itself and carry out financial treatment, and make accounting entries: debit:

Main business tax and additional loans: tax payable - business tax payable - tax payable - business tax payable - withholding and payment of tax payable - urban construction tax payable - tax payable - urban construction tax payable - withholding and payment: other payables - education fee surcharge - self-completion of other payables - education fee surcharge - withholding and payment.

The accounting entries for the project are as follows:

Borrow: construction in progress, Credit: bank deposits.

When the enterprise handles the settlement of the project price, the following entries shall be made according to the supplementary project payment:

Borrow: construction in progress, credit: accounts payable, transferred to fixed assets according to the final account report.

Borrow: construction in progress, loan: construction in progress.

Accounting entries for payment of subcontracted works:

Debit: Accounts Received in Advance, Bank Deposits, Credit: Income from Main Business, Tax Payable - VAT Payable - Output Tax.

Borrow: cost of main business, goods: inventory goods, etc.

Subcontract: refers to the delay of the subcontract signed between the contractors, which is actually a transfer of contracting rights, that is, the winning bidder transfers the rights, obligations and risks stipulated in the contract signed with the employer to other contractors.

The legal consequence of subcontracting is that the contractor becomes the new employer and the third party becomes the contractor. The third party shall be responsible to the contractor for the part of the project it undertakes, and the contractor shall be responsible for the preparatory unit for the entire project, and the contractor shall first bear the responsibility for the part subcontracted to the third party, and then the third party shall bear the responsibility to the contractor. Chinese law prohibits contractors from subcontracting to third parties.

Progress payment refers to a project price that the employer shall pay to the contractor according to the completion of the project during the construction period. Completion settlement refers to the remaining project price that the employer should pay to the contractor after the completion and settlement of the project, except for the warranty money.

Summary. Hello dear <>

About: How to do the accounting entries for the progress of the project: kiss. 1. The accounting entries of the enterprise receiving the progress payment of the project are debited: bank deposit credit: project settlement.

2. Accounting treatment of project settlement: 1. The account accounts for the cumulative amount of settlement between the enterprise (construction contractor) and the owner according to the construction contract. 2. The accounts can be accounted for in detail according to the construction contract.

3. The enterprise shall settle the project price to the owner, and debit it according to the amount that should be settled"Accounts receivable"and other accounts, credit this account. When the contract is completed, the balance of this account should be compared with the relevant engineering construction contract"Engineering construction"Account hedged, debited account, credited"Engineering construction"Subjects. 4. The credit balance at the end of the account reflects the cumulative amount of the settlement of the unfinished construction contract of the enterprise.

Ask for advice on how to make accounting entries for project progress

Hello dear <>

About: How to do the accounting entries of the project progress: kiss the orange. 1. The accounting entries of the enterprise receiving the progress payment of the project are debited: bank deposit credit: project settlement.

2. Accounting treatment of project settlement: 1. The account accounts for the cumulative amount of settlement between the enterprise (construction contractor) and the owner according to the construction contract. 2. The accounts can be accounted for in detail according to the construction contract.

3. The enterprise shall settle the project price to the owner, and debit it according to the amount that should be settled"Accounts receivable"and other accounts, credit this account. When the contract is completed, the balance of this account should be compared with the relevant engineering construction contract"Engineering construction"Account hedged, debited account, credited"Engineering construction"Eggplant order. 4. The credit balance at the end of the account reflects the cumulative amount of the settlement of the unfinished construction contract of the enterprise.

Supplement: At the end of the period, the difference between the balance of the project construction and the project settlement account, if it is positive, means that the early payment has been completed and has not yet been settled, and it is listed in the inventory items of the balance sheet; If it is negative, it means that the unfinished work has been settled, and it is listed in the advance payment item of the balance sheet.

I want to pay the purchaser's accounting entries as the progress of the project.

According to the progress of the project, the accounting entries for the payment of the project are as follows: borrow: loan for the construction in progress:

When the bank deposit and the contractor handle the settlement of the project price, the following entries shall be made according to the supplementary payment of the project price: borrow: the project under construction is sold and the loan is rough

The accounts payable to the deficit town are transferred to fixed assets according to the final account report: borrow: construction in progress loan:

Construction in progress.