Accounting procedures for property companies

Property management company accounting related account procedures:

1, asset accounts: cash, bank deposits, other monetary funds, short-term investments, notes receivable, accounts receivable, accounts payable, prepayments, other receivables, amortized expenses, long-term amortized expenses, fixed assets, low value consumables, fixed asset cleanup, accumulated depreciation, construction in progress.

2. Liability accounts: wages payable, notes payable, accounts payable, short-term borrowing, long-term borrowing, other accounts payable, accounts receivable, accrued expenses, taxes payable, other payables.?

3. Owner's equity accounts: paid-in capital, capital surplus, profit for the year, profit distribution, surplus reserves.?

4, cost accounts

5, profit and loss accounts: income from main business, other operating income investment income, non-operating income, cost of main business, main business taxes and surcharges, other operating expenses, operating expenses, administrative expenses, financial expenses, non-operating expenses, income tax, adjustments to profit and loss of previous years.?

Accounts processing procedures, also known as accounting organization procedures or accounting form, refers to the combination of accounting documents, accounting books, accounting statements.

Including the types and formats of accounting vouchers and books, the method of linkage between accounting vouchers and books, and the working procedures and methods from the original vouchers to the preparation of bookkeeping vouchers, the registration of detailed ledgers and general ledgers, and the preparation of accounting statements.

The different ways of combining accounting vouchers, accounting books and accounting statements form different account handling procedures, and different account handling procedures have different methods, characteristics and scope of application.

The establishment of a reasonable accounting procedures for the scientific organization of accounting work, give full play to the role of accounting in economic management, is of great significance.

Expanded Information:

In the process of accounting processing, the organization of the books of accounts and book-keeping procedures are interrelated. The technical organization of the combination is called the bookkeeping procedure or accounting form.

The organization of the books of account refers to the types of accounting documents and books, format and their interrelationships; bookkeeping procedures refers to a series of sequences and methods starting from the review and collation of the original documents to fill out the vouchers, registration of all kinds of books and the preparation of accounting statements.

Different enterprises and institutions, the use of different accounting procedures. The difference between the various account handling procedures, mainly in the registration of the general ledger on the basis of different methods.

So in the form of manual accounting, the organization of the books is the core of the account processing procedures.

Enterprises can choose the appropriate accounting procedures according to their size and business size. The shortcomings of the traditional manual accounting form are centered on: processing links, processing content dispersion; processing process repetition, data reconciliation work is complex; processing cycle is long, information transfer, feedback is slow, the timeliness of the financial report is poor.

With the use of modern information technology in accounting, computerized accounting is still necessary to completely copy the form of accounting under manual accounting? The answer is no. Because under the conditions of manual accounting, the division of different forms of accounting is not required by the accounting data processing itself, but the manual means of processing.

Reference:

Handymanual Accounting Monthly Financial Processing Process - Accounting.com