How to deal with construction accounting? How to deal with the accounting of the construction indust

1. Construction costs include direct costs and indirect costs.

Direct cost items include:

1) Labor costs

2) Material costs

3) Machinery usage fees

4) Other direct costs. When the direct cost is incurred, it is directly included in the detailed account of "Engineering Construction - Contract Cost". When the overhead costs are incurred, they are included in the "construction - overhead", and the allocation at the end of the period is transferred to the "construction - contract costs".

2. The construction enterprise shall settle the project price with the construction unit according to the provisions of the contract, and shall submit the "project price settlement bill" to the construction unit, also known as the "mid-term payment application form". After the audit of the supervising engineer and the approval of the construction unit, the accounting of the construction enterprise shall use the approved "project price settlement bill" as the original voucher to prepare the accounting voucher and accounting treatment

Debit: Accounts receivable.

Credit: Project settlement.

Borrow: Business tax and surcharge.

Credit: Taxes payable - business tax, urban construction tax, education surcharge payable.

3. When the construction unit pays the project price, the accounting treatment of the construction enterprise:

Borrow: Bank deposit.

Credit: Accounts receivable.

Note: Accounting income should not be recognized for the collection of project payments.

Accounting process in the construction industry:

1. Obtain or prepare other payables schedules, check whether the counts are accurate, and check them with the relevant items of the sub-ledger, general ledger and statements.

2. Implement analytical review.

3. Extract other payables for confirmation.

4. If the confirmation letter cannot be recovered or the result of the reply letter is inconsistent with the book record of the enterprise, alternative procedures shall be adopted to review the detailed account of the next year, or trace it to the economic and business vouchers when other payables occur.

5. Spot check the detailed accounts, accounting vouchers and original vouchers.

1) Check whether the accounting is in line with the provisions of the current system. Find out whether other elements that are not covered by other payables, such as accounts payable, notes payable, advance receivables and short-term borrowings, are accounted for in other payables.

2) Check whether the relevant economic business is true and legal. Find out whether the enterprise has accounted for the items that should be the income and expenses of the enterprise for the current period through other accounts payable, or has received and spent under other accounts payable.

3) Check other accounts payable for a long time, find out the reason, and make a record.

4) Check other payables that are not clear to the creditor and the amount is abnormal.

5) Check the amounts payable to shareholders, senior management, directors, associates and affiliates. Check whether the enterprise has used other payables to withhold income, falsely post expenses or conceal profits and losses.

6) Check other accounts payable with debit balances, find out the reasons, and make reclassification adjustments if necessary.

6. Ask the management personnel and use the results of the analytical review to check the integrity of other payables.

7. Check whether other payables have been properly disclosed in the balance sheet and its notes.

8. Complete the verification form of other payables.

When the cost of the project is incurred, borrow: engineering construction - contract into the skin, borrow: tax payable - VAT payable - input tax is early, credit:

Accounts payable, according to the statement of settlement, handle project settlement, borrow: accounts receivable, credit: project settlement, credit:

Tax payable - VAT payable - output tax reserve, revenue recognized in completion progress, cost carried forward, borrow: project construction - contract gross profit, borrow: cost of main business, credit:

Main business income, hedging upon completion of the contract, borrowing: project settlement, credit: engineering construction - contract cost, credit:

Engineering construction - contract gross profit, other businesses are treated like general enterprises.

When the project cost is incurred, borrow: the construction of the project - the contract cost, borrow: tax payable - value-added tax payable - input tax, credit:

Accounts payable, according to the statement of settlement, handle project settlement, borrow: accounts receivable, credit: project settlement, credit:

Tax Payable - VAT Payable - Output Tax, Revenue Recognized for Completion Progress, Cost Carry-forward, Borrow: Engineering Construction - Contract Gross Profit, Borrow: Cost of Main Business, Credit:

The main business income, hedging when the contract is completed, borrowing: project settlement, credit: project Shi Kaihuai - contract cost, credit:

Engineering construction - contract gross profit, other business should be handled like the general enterprise.