What to do as a decoration company s financial management

The most difficult thing for a decoration company is to collect money, and you must first learn to collect debts.

What does finance do?

1) Verify assets. Verification of assets is an important basic work before the preparation of financial statements, and the workload is large. These include:

Count cash and notes receivable.

Reconciliation of bank deposits and preparation of reconciliation of bank deposit balances.

Reconcile accounts receivable with buyers.

Reconcile prepaid accounts with suppliers.

Reconcile other receivables with other debtors.

Inventory of all items.

Check the distribution of profits for each investment.

Inventory of the construction in progress of various fixed assets.

In the process of verifying the above assets, if it is found that there is a discrepancy with the book records, it should be transferred to the account of "property loss and surplus to be disposed of", and the cause shall be ascertained and reported for treatment according to the regulations.

2) Liquidate debts. Debts arising from various economic exchanges between enterprises and foreign units should also be conscientiously sorted out and dealt with in a timely manner. For the debts that have matured, they should be repaid in time to maintain the credibility of the enterprise, especially not to default on taxes; Other payables.

Pay attention to any irregular payments.

3) Review costs. Before compiling the report, it is necessary to carefully review the production and sales items.

Cost carry-forward. Check whether there are fewer transfers, more transfers, missed transfers, and wrong transfer costs, which directly affect the truth of the company's profit and loss.

And this will lead to a series of consequences, such as paying more taxes, more profits, and losing corporate assets.

4) Internal adjustment. Internal adjustment (transfer) is a very detailed preparation before the preparation of financial statements. The main points are as follows:

Provision for bad debts. The provision for bad debts for the current period shall be calculated in accordance with the prescribed proportion, and the accounts shall be adjusted in a timely manner.

Amortization of expenses to be amortized. Any expenses to be amortized in the current period shall be amortized in the current period.

Provision for depreciation of fixed assets.

Amortization of various intangible and deferred assets.

Enterprises that implement work-efficiency linkage shall accrue "employee remuneration payable" according to regulations.

Resale of approved "pending property loss and surplus". The financial department should put forward opinions on this in a timely manner, report to the relevant leaders for approval, and cannot be on the account for a long time.

Interest and expenses are withheld on an accrual basis of accounting and relevant regulations.

Enterprises with foreign currency business should also calculate the aggregate profit and loss to adjust the relevant foreign currency accounts.

5) Trial balance. After the above preparations, a trial balance should be performed to check the accounting processing for errors.

6) Checkout. The main items of the settlement after the trial balance are as follows:

Transfer all profit and loss accounts to the "Profit for the Year" account.

Transfer the net profit or loss after tax for the current year formed from the "Profit for the Year" account to the "Profit Distribution" account.

After the profit distribution, prepare the year-end accounting statement.

These preparations often overlap at the same time. In enterprises that have computerized their accounting, some of the above preparations can be done through computers, such as trial balance and closing.

Actual transaction lines are issued. Accounts receivable, accounts payable, principal business, main business income, bank deposits, cash, inventory goods, administrative expenses, etc.

The watchtower lord adopted.

Shenyang Kingdee Finance will answer for you.

If you have no experience in taking over, it is recommended that you find an accounting agency company first, and learn first, you are in that area.

Decoration companies implement the Accounting System for Business Enterprises (Standards) or Accounting Standards for Small Enterprises.

Main or Basic Financial Processes:

Account establishment - set up accounting accounts - collect or pay according to the original vouchers (invoices, reimbursement forms, warehousing orders, outbound orders, sales orders, payroll, etc.) - prepare accounting vouchers - register journals and sub-ledgers - carry forward income, costs and expenses at the end of the month - transfer the balance of sub-ledger accounts to the general ledger - fill in accounting statements according to the analysis of the balance of general ledger accounts - bind accounting vouchers - archive accounting documents.

Basic content of financial work:

1. Formulate financial accounting management systems or methods, standardize management, especially the construction of important systems and financial management systems.

2. Set up accounting positions, with clear division of labor and clear responsibilities.

3. Prepare financial budgets and decompose financial indicators or tasks.

4. Handle daily collection and reimbursement business, cost accounting, and issue accounting statements.

5. Provide financial information and decision-making basis for enterprises, including but not limited to financial status, commodity strategy, enterprise planning, financing investment, resource integration, financial management of subordinate enterprises, etc.

6. Responsible for industry and commerce, taxation, auditing and other businesses, as well as communication and public relations.

7. Responsible for litigation and follow-up handling related to finance and currency.

8. Complete the financial and statistical reports of the superior or the head office or local management.

9. Conduct regular property inventory and timely dispose of inventory materials (inventory profit and loss, waste loss, scrapped assets, etc.).

10. Complete other tasks or tasks assigned by the leader.

The above basic work can be consolidated or simplified according to the company's situation.

Accounting work is the same, it's all accounting. There is not much difference, the main thing is just to look at the nature of the company.

Decoration companies usually generate the following kinds of income and expenditure:

1. Venue rental.

2. Utilities and other expenses.

3. Employee wages and commissions.

4. The project payment paid by the owner.

5. The labor cost and material purchase cost paid for the construction of the project.

6. After the completion of the project, the after-sales maintenance labor costs and material costs are basically these, and each enterprise will have changes.

You can choose to set the following accounts: engineering construction, project settlement income, project settlement cost, project settlement tax and surcharge.

Entries: 1. Borrow: engineering construction.

Credit: bank deposits (accounts payable, inventory materials, employee salaries payable, etc.) 2. Borrow: bank deposits (accounts receivable, accounts receivable, etc.).

Credit: Project settlement income.

3. Borrow: project settlement cost.

Credit: Engineering Construction.

4. Borrow: project settlement tax and surcharge.

Credit: Taxes payable.

Email address to me, I'll send it to your mailbox

The construction mainly includes engineering construction (cost subjects), project settlement income, project settlement costs, project settlement taxes and surcharges, and temporary facilities and other subjects, it is recommended to buy a copy of "Construction Enterprise Accounting" in the bookstore to see ......

1. Management costs.

1.Salary of management personnel: refers to the salary of personnel in the administrative department of the enterprise, such as management personnel

Accrual at the end of the previous month: administrative expenses - salaries of managers.

Credit: Employee Compensation Payable - Wages.

This month is paid to borrow: Employee compensation payable - wages.

Credit: cash on hand.

2.Office expenses: refers to the office expenses of stationery, office supplies and other office expenses of the administrative department; The propaganda expenses of the political work departments include newspaper and periodical subscription fees, factory newspaper editing and printing, and author's remuneration expenses in accordance with regulations.

Borrow: management expenses - office expenses.

Credit: cash on hand.

3.Depreciation expense: refers to the depreciation expense of various fixed assets (including fixed assets of cultural, educational, health and welfare departments) paid by the administrative department according to the regulations.

4.Repair cost: refers to the repair cost of fixed assets used by the administrative department.

5.Business entertainment expenses: refers to the expenses paid by the departments of the enterprise for the reasonable needs of the business operation of the enterprise.

7.Utilities: Refers to the expenses paid by the administration for the consumption of water, electricity and lighting materials.

8.Transportation expenses for employees: transportation subsidies in the city paid to employees in accordance with the scope and standards stipulated by the local government, transportation expenses such as gasoline and road maintenance expenses for employees' self-owned cars and employees' private cars for commuting to and from work, as well as travel expenses for employees to visit relatives.

9.Labor protection expenses: refers to the expenses of labor protection supplies, heatstroke prevention and cooling, health care and diet products (including purchased mineral drinking water) and labor protection publicity expenses paid to employees in accordance with the prescribed standards and scope.

10.Lease fee: refers to the rent used by the administrative department to rent all kinds of fixed assets and appliances leased from the outside according to the regulations.

12.Gasoline fee** fee Business promotion fee (billboard).

11.Other expenses: refers to other sporadic administrative expenses that do not fall under the above items.

2. Sales expenses.

Borrow: Selling Expenses - Advertising Expenses.

Credit: cash on hand.

3. Engineering construction - contract cost - material cost Labor cost Other direct costs.

Borrow: engineering construction - contract cost - material cost Labor cost Other direct costs.

Credit: cash on hand.

Fourth, the main business income.

Borrow: Bank deposit.

Credit: main business income - carry-over at the end of the month.

Project income carry-over.

Borrow: main business income.

Credit: Profit for the year.

Carry forward the construction of the project.

Borrow: Cost of main business.

Credit: Engineering Construction.

Project cost carry-forward.

Borrow: Profit for the current year.

Credit: Project Costs.

Carry-over of fees.

Borrow: Profit for the current year.

Credit: Administrative expenses.

Selling expenses. Carry forward month-end profits.

Borrow: Profit for the current year.

Credit: Profit distribution.