According to the attendance records reported by the human resources department and each project department at the end of each month, the total attendance days of management personnel and point work in the current month are calculated by departments → the personnel in each department are calculated according to the specified daily wage rate, which should be included in the cost in the current month Amount of salary and welfare expenses → prepare relevant accounting vouchers.
The automatically generated vouchers are: Debit: current year profit debit: each detailed account with credit amount; Credit: each detailed account with debit amount; Credit: current year profit 13.
Provision for amortization of intangible assets.
If someone is lost or damaged, relevant personnel shall be investigated for responsibility, According to 10% of the balance of the low value consumables, debit: loss of property to be disposed – loss of current assets to be disposed of credit: low value consumables – specific name after studying and determining the treatment method debit: cash (or other receivables – relevant responsible person) debit: non operating expenditure (balance greater than compensation) Credit: low value consumables – specific name credit: non operating income (compensation is greater than the balance) in case of natural scrapping, 10% of the balance shall be borrowed: engineering construction (or management expenses) loan: low value consumables – specific name 6.
Accrued wages and welfare expenses.
Before the end of the month of cost carry forward, The cost accountant shall include the items contained in the cost documents of each project department in the current month into the relevant project costs → the general ledger accountant shall carry forward all the cost incurred in the current month to the corresponding items of the project settlement cost account according to the project department.
7.
Basic process voucher preparation → voucher review → bookkeeping → reconciliation → settlement of other systems → settlement of general ledger system 2 When paying social insurance premiums and transferring out social security expenses, debit: administrative expenses – employee insurance (company paid part) debit: other receivables – employee insurance (individual paid part) debit: internal transactions – XX Branch (based on full amount) Credit: when paying wages with bank deposits, debit: Labor payable (based on the amount not deducting social security premiums) Credit: other receivables – employee insurance (individual part) Credit: bank deposit or cash (according to the difference) 3.
Voucher approval cashier The vouchers made by the general ledger accountant shall be reviewed by the general ledger accountant, and the vouchers made by the general ledger accountant shall be reviewed by the manager of the financial department..
Borrowing during purchase: low value consumables – specific name; Credit: bank deposit (or accounts payable) borrowing during collection: Engineering Construction – Project Department – office supplies and other subjects borrowing: management expenses – amortization of low value consumables; Credit: low value consumables – specific name.
Low value consumables should be accounted as low value consumables according to relevant regulations, First, it is included in the low value consumables account → 90% is amortized according to the 91 amortization method and included in the cost of relevant projects → the other 10% is written off when the low value consumables are scrapped and transferred to relevant costs.
According to the self-made calculation table, the intangible assets in the book shall be averagely amortized within the specified service life.
That is: Debit: administrative expenses – wages (or welfare expenses) debit: Engineering Construction – project personnel wages, point work wages and welfare expenses credit: employee salaries payable – management personnel, point work wages credit: employee salaries payable – welfare expenses 10.
When purchasing temporary facilities: Borrow: temporary facilities – specific temporary facilities; loan: bank deposits (or accounts payable) into the cost of the project department: Borrow: Engineering Construction – Project Department – amortization of temporary facilities; loan: amortization of temporary facilities 8.
When confirming income and issuing project payment invoice, Accounting treatment debit of the company: accounts receivable – debit of the construction unit: advance collection (if there is advance collection before) Credit: project settlement income – each project credit: taxes payable – value added tax payable (tax rate of 9% of output) when purchasing engineering materials debit: engineering materials debit: taxes payable – value added tax payable (input tax) Credit: when paying taxes on bank deposits, debit: taxes payable – various taxes (output minus input) Credit: the latest value-added tax rate of construction industry on bank deposits is 9% (collection rate 3%).
Carry forward profit and loss carry forward profit and loss according to the occurrence of all profit and loss accounts in the current month.
When fixed assets are added, debit: fixed assets – Department Credit: when bank deposits (or accounts payable) are depreciated, debit: management expenses – depreciation expenses (for management department) debit: Engineering Construction – Project Department (for production and project department management) Credit: accumulated depreciation 5.
4 Receipt of purchase documents for fixed assets → daily processing in the fixed assets system → asset addition → fixed assets card → generating vouchers in the fixed assets system → month end depreciation accrual → checking with the general ledger system → closing the fixed assets system.
That is: Debit: project settlement cost – each project department; Credit: Project Construction – project carry forward 12.
Accrue turnover tax according to the output value confirmation report submitted by the operation Department at the end of each month and according to the ratio of various taxes payable, Calculate the taxes (funds) payable and other payables (accounts under the enterprise accounting system) by item, that is: Debit: taxes and surcharges (each project department) loan: taxes (each tax type) loan: other payables (each fee type) (accounts under the enterprise accounting system) 11.
That is: Debit: engineering construction (or management expenses) Credit: intangible assets 9.
Temporary facilities that should be accounted as temporary facilities according to relevant regulations shall be included in the temporary facilities account first → 60% of the total price of the project using the temporary facilities for the first time shall be included in the project cost → 40% of the total price and the cost incurred for dismantling and rebuilding the temporary facilities for the second time shall be included in the project cost.
Accounting and accounting entries of construction enterprises (Engineering Construction) 01 general process and accounting entries 1.
When the inventory material project department purchases main materials (reinforcement, steel and cement), it shall be included in the inventory material account → the project department shall conduct physical inventory at the end of the month, Prepare the monthly report of material receipt, delivery and inventory and send it to the finance department → the cost accountant calculates the actual consumption and amount of main materials of each project department according to the month end balance as the cost of the current month.
