How to write an accounting entry for a one time collection of rent for a year?

1. If it is a leasing party, a one-time lease invoice for one year will be issued, and the rent for one year will be collected, and its accounting entries are as follows:

Receive a one-year rent and invoice it as a lump sum and include it in income.

Borrow: Bank deposit.

Credit: Other business income (main business income).

Credit: Tax payable --- VAT payable.

Its costs can be included in other business expenses in a lump sum.

2. If it is a lessee, the accounting entry of the rent collected at one time for one year:

Borrow: Management Fee - Lease Fee.

Debit: Advance Payments - Amortized Expenses (Rent).

Credit: Bank deposits or cash in hand.

1. If it is a lessor, the rent is charged in a lump sum for one year

Borrow: Bank deposit or cash on hand.

Debit: Taxes payable.

VAT payable (output tax.

Credit: main business income.

2. If it is a lessee, the accounting entry of the rent collected at one time for one year:

Borrow: Management Fee - Lease Fee.

Debit: Advance payments.

Expenses to be amortized (rent).

Credit: Bank deposits or cash in hand.

When collected: borrowed.

Bank deposits. Borrow.

Accounts receivable in advance. Non-real estate formula, income accrued every month:

Borrow. Accounts receivable in advance.

Borrow. Non-operating income - rental income.

If the main business is to rent out the house, it will be recorded.

Main business income.

The rent is collected in a lump sum every year, which can be included in the pre-receivables account first, and then transferred from this account to the rental income account in installments.

1. If it is a leasing party, a one-time lease invoice will be issued for one year, and the rent for one year will be collected, and its accounting entries will be made.

As follows: Rent for one year is received and invoiced in one lump sum and included in income in one lump sum.

Borrow: Bank deposit.

Credit: Other business income.

Main business income.

Credit: Taxes payable.

VAT is due.

Its costs can be included in other business expenses in a lump sum.

2. If it is a lessee, the accounting entry of the rent collected at one time for one year:

Borrow: Management Fee - Lease Fee.

Debit: Advance payments.

Expenses to be amortized (rent).

Credit: Bank deposits or cash in hand.

Extended Materials. 1. Leasing is an economic act of borrowing physical goods at a certain cost, and the lessor hands over a certain thing to the lessee for use, and the lessee thus obtains the right to use the item for a period of time, but the ownership of the item remains in the hands of the lessor. The lessee pays a fee (rent) to the lessor for the right of use it obtains.

China has a long history of leasing, and its origins can be traced back to primitive societies.

about 4,000 years ago). At that time, the surplus of the product gave rise to the exchange of the product, and in many cases people had to frequently exchange idle items and return them after use, without having to transfer the item to the other party. This kind of exchange, which involves only the right to use goods, is the most primitive form of leasing.

In Chinese history, documented leases date back to the Western Zhou Dynasty. "Wei Ding (A) Ming" records that Bang Jun Li put the king of Zhou.

The five fields that were given to him were rented out to the four fields. This is an example of renting out land. According to historians, lawsuits involving lease rebellions were not uncommon after the middle of the Western Zhou Dynasty.

2. The original leased property of the Kai clan was mainly land, buildings and other immovable properties. In 1952, the world's first professional leasing company, Yusunbi Leasing Company of the United States, was formally established. Subsequently, the scope of leasing was gradually extended to the movable property field such as machinery and equipment required for the production, processing, packaging, transportation and management of the enterprise.

The leasing industry has become an industry full of vitality and vitality. According to the statistics of the American Leasing Association, the amount of lease contracts in the country in 1989 was 122.4 billion US dollars, accounting for 33% of the total capital investment that year, which shows that the leasing industry occupies an important position in capital investment. Modern leasing is when the enterprise needs machinery and equipment, the leasing company directly purchases the equipment and then subleases it to the enterprise, replacing "financing" with "financing", which opens up a new way for enterprises to obtain machinery and equipment.

The main idea stems from the idea that "profits can only be made through the use of assets – not the possession of assets." ”

1. If it is a leasing party, a one-time lease invoice for one year will be issued, and the rent for one year will be collected, and its accounting entries are as follows:

Receive a one-year rent and invoice it as a lump sum and include it in income.

Borrow: Bank deposit.

Credit: Other business income (main business income).

Credit: Tax payable --- VAT payable.

Its costs can be included in other business expenses in a lump sum.

2. If it is a lessee, the accounting entry of the rent collected at one time for one year:

Borrow: Management Fee - Lease Fee.

Debit: Advance Payments - Amortized Expenses (Rent).

Credit: Bank deposits or cash in hand.

When collected: by bank deposit.

Credit Advance Receivables.

Non-real estate formula, income accrued every month:

Debit Advance Receivables.

Credit Non-operating income - rental income.

If the main business is rental housing, the main business income is recorded.

The rent is collected in a lump sum every year, and the VAT tax liability is generated, debited: bank deposit.

Credit: Other business income.

Tax Payable - VAT Payable (Output Tax).

Income tax is included in the annual income on the accrual basis of accounting, and the final settlement is adjusted.

The accounting entries for rental income are as follows:

1. Rental income that should be recognized in the current year.

Debit: Other receivables (bank deposits if received directly) 50,000 Credit: Other business income 50,000

2. When the payment is received.

Borrow: Bank deposit 50000

Credit: Other receivables 50,000

3. When calculating taxes.

Borrow: Other Operating Expenses – Sales Tax 8750

Credit: Tax payable – Sales tax 2500

Taxes payable - urban construction tax.

Tax payable – education surcharge 75 (if there are other surcharges in the local area, they can continue to accrue) Taxes payable – property tax.

If the rental income is the main business income of the unit, then replace the other business income in the above entries with the main business income, and replace the other receivables with accounts receivable.

Other operating expenses are replaced with business tax and surcharges.

That's it.

If you pay the rent for the whole year at the beginning of the year: borrow: prepay the account and loan:

2. Bank deposits, monthly amortization: borrow: management expenses, etc

Prepaid accountsPrepaid accounts generally include prepaid payments, prepaid project leakage sail payments, prepaid spare material payments and other hailstorms, which can be understood as the company's advance payment to ** units in the form of monetary funds or monetary equivalents. It is an asset account, which accounts for the increase or decrease of prepaid accounts and their balances. The prepaid accounts account is generally a debit balance at the end of the period, which represents the amount prepaid by the enterprise.

If it is a credit balance, it represents the amount that has not been paid back by the business.