The project under construction is converted to fixed assets, and how the construction in progress is

After the completion of fixed assets, there must be a project acceptance record, project settlement statement (completion statement), and the fixed assets that need to be compulsorily tested for safety (such as pressure pipelines, power distribution equipment, etc.) must also obtain the inspection and identification report of the relevant competent authorities. If the above documents are complete, the construction project can be carried forward to fixed assets.

5. Handling of special circumstances of real estate tax.

1.Tax time for newly built homes.

According to the regulations, the real estate tax shall be levied on the newly built houses of the enterprise from the month following the date of completion; If the construction is entrusted to a construction enterprise, the real estate tax shall be levied from the month following the date of acceptance procedures. The newly built houses that have been used, leased or lent by the enterprise before going through the acceptance procedures shall be subject to real estate tax in accordance with the regulations.

Here are my own thoughts for your reference.

Except for the first-level subjects and some second-level accounts stipulated in the accounting standards, the rest can be set according to your company's needs.

For example, cement does not need to set up a separate secondary subject, and it is generally accounted for through engineering materials. [This part is in the book, but I haven't actually operated it, and we generally outsource it, so it's generally used for construction in progress subjects].

If the self-built office building is completed and reaches the intended usable state, it can be converted.

Problem 1: Borrow: Fixed assets.

Credit: Construction in progress.

Question 2: If your company is subject to Chinese accounting standards.

If it is consolidated in May, there is no need to accrue depreciation in May, and depreciation will begin in June.

In May, only the account of conversion is made, and the account of depreciation is not required.

Question 3: The construction process is a cost that should be included in the cost.

Borrow: engineering materials.

Credit: cash on hand bank deposits accounts payable.

When you receive it.

Borrow: Construction in progress.

Credit: Engineering Materials.

Yes, it should be transferred to fixed assets.

At the time of incurrence: borrowed: construction in progress - costs to be apportioned.

Credit: Bank deposits.

Right Shun. When apportioned to fixed assets:

Borrow: Fixed Assets - x Fixed Assets.

Credit: Construction in Progress - Costs to be apportioned.

As long as the ancillary facilities included in the project should be included in the construction in progress, whether it is bought by oneself or opened by the other party, as long as it is used here to obtain an official invoice, you can enter the construction in progress, and after completion, it will be included in the fixed assets.

The normal equipment should be transferred to the fixed order, and the engineering department will transfer the equipment to the equipment department, and signed by the person in charge of the relevant department, and the financial department will transfer the project under construction to the fixed assets account with this procedure.

If it is a self-construction act, all the expenses incurred in the construction of the industrial park will be recorded in the construction in progress, and it will be transferred to the fixed assets after reaching the predetermined usable state, and there is no need to issue fixed asset invoices. How can anyone invoice themselves? After the construction is completed, it is only necessary to register the property.

The fixed assets built by the enterprise are first accounted for through the "construction in progress" account, and when the project reaches the predetermined usable state, it is transferred from the "construction in progress" account to the "fixed assets" account.

There are two main ways for enterprises to build fixed assets by themselves: self-management and outsourcing, and the accounting treatment of the two methods is as follows:

1. Self-operated projects.

Self-operated projects refer to construction projects and installation projects in which enterprises organize the procurement of engineering materials and construction personnel on their own.

When purchasing construction materials:

Borrow: engineering materials, credit: bank deposits.

When receiving construction materials:

Borrow: construction in progress, credit: engineering materials.

When the raw materials of the enterprise are used in the construction project:

Borrow: construction in progress, Credit: raw materials.

When the goods produced by the enterprise are used in the construction in progress:

Borrow: Construction in progress, Credit: Inventory of goods.

Other expenses incurred in self-operated projects (such as the distribution of engineering staff salaries, etc.):

Borrow: Construction in Progress, Credit: Bank Deposits - Employee Remuneration Payable.

When the self-operated project reaches the predetermined usable state, according to its cost:

Borrow: Fixed Assets, Credit: Construction in Progress.

2. Outsourcing project.

Contracted projects refer to the construction projects and installation projects that are contracted to the construction contractor by the enterprise through bidding and other means, and the construction contractor organizes the construction. In this way, the "construction in progress" subject is mainly the settlement account of the project price between the enterprise and the construction contractor, and the project price paid by the enterprise to the construction contractor is regarded as the project cost and accounted for through the "construction in progress" account.

The progress payment settled by the enterprise to the construction contractor according to the reasonable estimate of the progress of the contracted project and the provisions of the contract:

Borrow: construction in progress, Credit: bank deposits.

When the project is completed, the project payment shall be paid according to the provisions of the contract

Borrow: construction in progress, Credit: bank deposits.

When the project reaches the intended usable state, according to its cost:

Borrow: Fixed Assets, Credit: Construction in Progress.

1. Introduction to the transformation of projects under construction to fixed assets Liang Ying:

1. The transfer of projects under construction to fixed assets is to capitalize the projects that have reached the predetermined usable state, and the projects under construction are carried forward to the fixed assets, accounting treatment, and the debit of fixed assets and the credit of the projects under construction.

2. In the actual processing, the debit expenditure of the construction in progress shall be first collected, including the invoiced settlement expenditure and the estimated expenditure that has not been invoiced, the incurred expenses shall be capitalized and expensed, and the expenditures that meet the definition of fixed assets shall be collected on the relevant assets.

2. The latest regulations:

1. The physical construction of assets eligible for capitalization, including installation or production, has been fully completed or substantially completed. The assets purchased, constructed or produced that meet the conditions for capitalization are basically consistent with the design requirements, contract provisions or production requirements, and even if there are very few places that do not conform to the design, contract or production requirements, their normal use will not be affected.

2. The amount of expenditure that continues to occur on the assets acquired, built or produced that meet the conditions for capitalization is small or almost non-existent. The conversion of construction in progress to fixed assets is judged according to the degree of completion of the construction in progress, so when the main project is basically completed to the intended usable state, the construction in progress will be transferred to fixed assets and depreciation will be withdrawn.

The completeness of the cost accounting of the construction in progress of the fixed assets to be carried forward is further confirmed to clarify the total cost of the fixed assets to be carried forward.

On this basis, it is required to obtain settlement invoices in a timely manner for project expenditures that have not yet been obtained, and if the settlement invoices cannot be obtained in time due to contractual restrictions and other reasons, the content of the construction in progress that has not yet been settled and recorded can be estimated according to the above-mentioned project final account data, so as to carry forward the fixed assets in a timely manner.

In order to clarify responsibilities and ensure the accuracy of the carry-over data of the construction in progress, the project leader shall confirm the completion of the project and the data for the carry-over of all processing and installation, or civil engineering projects, and sign the "Carry-over Report on the Carry-over of Construction in Progress".

When the construction in progress reaches the predetermined useable condition, it is converted into a fixed asset, and recorded at the provisional value and depreciated.

Judging the scheduled usable status: it has been completed, the final account report of the project, and the acceptance handover order have been completed; If it is not completed, it shall be judged according to the following circumstances, and the project budget, the price of the cracked cherry blossoms or the actual cost of the project shall be recorded according to the provisional value. Years of Yuanwu.

Meet the practical judgment that the intended usable state has been met: the actual construction (including installation) has been fully completed or substantially completed. The constructed fixed assets are the same or basically consistent with the design requirements or contract requirements, and individual non-compliance does not affect normal use.

The amount of subsequent expenses that continue to occur is small or almost non-existent.

When the construction cost of construction fixed assets is consumed, the accounts are borrowed: construction in progress - fixed assets, credit: engineering materials, employee salaries payable, bank deposits and other accounts.

When the completion is carried forward to the fixed assets, the accounting treatment is: borrow: fixed assets - a certain fixed assets, credit: construction in progress - a certain fixed assets.