How should the accountant account for the down payment received

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Received the down payment, see if you have issued an invoice, if it has:

Borrow: Bank deposit (cash) 50,000

Accounts receivable 50,000

Credit: main business income.

17% tax payable);

When the balance is received:

Borrow: Bank deposit (cash) 50,000

Credit: Accounts receivable 50000

If you don't have an invoice:

Borrow: Bank deposit 50000

Credit: Accounts receivable 50,000

Wait until the remaining amount is received.

Borrow: Bank deposit 50000

Accounts receivable 50000 in advance

Credit: main business income.

17% tax payable);

Borrow: Cash (bank deposit).

Credit: Accounts received in advance.

Step Method.

According to the different ways of registering economic operations, bookkeeping methods can be divided into single-entry bookkeeping and double-entry bookkeeping. Double-entry accounting is divided into credit and debit accounting, increase and decrease accounting and receipt and payment accounting due to its different components. The debit bookkeeping method is currently the most commonly used bookkeeping method in the world.

Both the collection and payment accounting method and the credit accounting method have gradually developed and evolved from single-entry accounting to double-entry accounting.

Single-entry accounting Single-entry accounting is a method of registering economic transactions that occur in only one account. It is an incomplete and simple method of bookkeeping. This bookkeeping method generally only records the receipt and payment of money and the settlement of claims and debts, and sometimes also registers physical objects.

There is no intrinsic connection between accounts and accounts, and there is no concept of correspondence and balance. The single-entry accounting method can only reflect one aspect of economic business, and there is no mutual collusion between accounting records, so it cannot comprehensively and systematically reflect the ins and outs of economic business, nor is it convenient to check the correctness of account books.

Double-entry accounting Double-entry accounting evolved from single-entry accounting. This method of bookkeeping is the method of registering economic transactions in two or more accounts of equal amounts. Under double-entry accounting, each economic transaction is double-recorded in the corresponding account with equal amounts.

Therefore, there is a collusion between the accounts, which can understand the ins and outs of each economic transaction, and can also use the method of trial balance to verify the correctness of the account book records. Double-entry bookkeeping is a scientific bookkeeping method that is widely used by countries around the world. There are many methods of double-entry accounting, such as credit and debit accounting, increase and decrease accounting, and receipts and payments accounting.

Among them, the receipt and payment accounting method is divided into cash receipt and payment accounting and fund receipt and payment accounting. China's budget accounting used to use the method of accounting for receipts and payments for a long time, but since 1998, all budget accounting has been changed to the method of accounting for loans and loans.

If your invoice has already been issued:

Borrow: Bank deposit: 50,000 yuan.

Accounts receivable: 50,000 yuan.

Credit: xx business income: 100,000 yuan.

If your invoice is not issued.

Borrow: Bank deposit: 50,000 yuan.

Credit: Accounts receivable in advance: 50,000 yuan.

Borrow: Bank deposit of 50,000.

Credit: Accounts receivable 50,000 yuan.

Wait until you receive the remaining 50,000.

Borrow: Bank deposit of 50,000.

Accounts receivable in advance 50,000.

Borrow: Bank deposit 50000

Credit: Accounts receivable 50,000

After the shipment received another 50,000 hours again.

Borrow: Bank deposit 50000

Accounts receivable 50000 in advance

Credit: main business income 100,000

Borrow: Bank deposit (cash) 50,000

Accounts receivable 50,000

Credit: main business income 100,000

It depends on what kind of business you received, did you sell the house? Or what kind of commodity?

Answer: 1. After receiving the customer's down payment, an official invoice should be issued.

2. After the mortgage loan is received, an official invoice should also be issued.

3. Advance accounts receivable (down payment and mortgage loan), after the completion of the development of commercial housing, the income and cost will be carried forward.

4. When carrying forward the sales income of commercial housing, borrow: pre-receivables credit: operating income.

5. Loan for the carry-over cost of commercial housing completion: loan for development products: development cost.

6. Carry-over income loans: operating income loans: profit for the year.

7. Carry-over cost of sales loan: operating cost loan: development of products.

8. Carry-over cost loan: current year's profit loan: operating cost.

After the ordinary invoice is issued for the down payment of the house after the VAT reform, how to issue an invoice at the time of sale?

At the time of the down payment, the house has not yet been delivered, the VAT liability of the taxpayer who sold the house has not yet occurred, and the down payment you pay is only an advance payment for the sale of the house by the taxpayer, and the taxpayer is not required to issue an invoice to you at this time. However, in order to solve problems similar to yours, the tax authorities have made special provisions on the issuance of invoices for some non-VAT items (including the sale of advance receipts from self-developed real estate projects), allowing taxpayers to issue invoices for the part of the goods that are not subject to VAT for the payment but do not incur the sale of goods, taxable services, services, intangible assets or immovable property. According to this provision, you can also ask the developer to issue you an invoice according to the special invoicing method for the advance payment of the sale of self-developed real estate projects that are not subject to VAT.

When the real estate development enterprise receives the advance payment, it can issue an ordinary VAT invoice to the buyer, and temporarily choose when issuing the ordinary VAT invoice"Zero-rated"Invoiced, the amount is actually received in advance. In the remarks column of the invoice, list the area agreed in the contract, **, and the full price of the house, and indicate at the same time"Advance receipts are not used as proof of property rights transactions".During the declaration period of the next month after the invoice is issued, the declaration shall be made through the "VAT Withholding Tax Form", and the VAT shall be prepaid in accordance with the regulations.

The amount invoiced for advance receipts is not reflected in Schedule (1) of the return.

At the time of delivery, VAT invoices will be issued according to the full amount of the real estate sold, and tax shall be declared and paid according to the regulations.

In the above article, the author took the down payment received when selling the property as an example to explain: how to account for the down payment received from others. I hope to provide a reference for you who don't know how to deal with it, about the down payment of the house, the general bank will have a flow limit, of course, this is a personal problem of payment, as a real estate accountant needs to be more concerned about the corresponding tax treatment.

As house prices continue to climb, most people now buy a house through a loan. What happens when a real estate company receives a down payment from a client? This question is of interest to many novice accountants, and Niu Account will immediately introduce in detail how real estate companies receive a down payment in the following article.

How to account for the down payment received by the real estate enterprise?

1. Borrow: bank deposit.

Credit: Accounts Received in Advance - Housing Payments.

2. If a real estate enterprise collects pre-sale housing money, the accounting does not recognize the income because it does not meet the conditions for revenue recognition (the risk reward is not transferred), but the tax law treats this behavior as a deemed sale, and levies business tax and enterprise income tax in advance. Therefore, the advance collection of real estate sales proceeds should be accounted for in accordance with the provisions of accounting and tax laws

The real estate company collects the pre-sale payment (at this time, a receipt can be issued to the customer):

Borrow: Bank deposit.

Credit: Accounts received in advance.

Calculate and pay taxes at the end of the period:

Borrow: tax payable - business tax payable, etc.

Credit: Bank deposits.

The accounting entries for the down payment accrual tax are as follows:

Real estate enterprises, receiving advance receivables for borrowing: cash bank deposits.

Credit: Accounts received in advance.

When paying taxes and surcharges in advance: debit: tax payable - Land Appreciation Tax.

Tax payable – business tax.

Tax payable - urban construction tax.

Taxes payable - levee fees.

Borrow: Other dues --- education surcharges.

Other contributions payable --- local education fee surcharge.

Credit: Bank deposits.

The tax bureau stipulates that real estate enterprises are generally not allowed to accrue taxes and construction expenses before the sales and sales costs of housing sales are carried forward before the completion of the project.

By reading the collation and analysis of the bull account network above, do you have a good grasp of how to make accounts for real estate companies receiving down payments? There is still a lot of wonderful financial knowledge waiting for you to explore, come and pay attention to the update!