(A) the concept of advance payment
Pre-sale house payment refers to the sales amount of commercial housing collected by real estate enterprises before the completion of the houses sold, which belongs to the nature of advance payment. Accordingly, the sales price refers to the sales price of commercial housing charged by real estate enterprises after the completion of the housing. The pre-sale house payment and sales house payment mentioned here include mortgage loans issued by banks.
Real estate enterprises shall issue invoices for the advance payment of commercial housing before the completion of the sold houses. The real estate enterprise shall issue a settlement invoice for the sale of commercial housing for the sales house money collected after completion.
(2) Pre-sale housing management.
Real estate enterprises should pay attention to the following two points when managing the pre-sale house payment:
Before collecting the house payment, you must sign a commercial housing sales (pre-sale) contract, and you can't collect the house payment without the contract.
Establish a "sales ledger", and register the relevant housing information, customer information and payment process information in detail during the process of signing the contract and collecting the house payment.
(3) Accounting treatment of pre-sale house payment
Although the collection time of advance payment and sales payment is different, all sales payments, including advance payment and sales payment, must be accounted by "advance payment" account to ensure the integrity of income records in the sales process.
The "accounts received in advance" account is used to calculate the pre-sale house payment that should be collected according to the sales contract, and other money collected during the sales process, regardless of its nature and tax treatment, will not pass through this account. This course sets up detailed subjects according to project, stage, format, building and room number.
"Accounts received in advance" is the subject of credit accounting for the house payment actually received, the house payment transferred from project funds and the house payment transferred from other houses due to house change. , including mortgage loans issued by banks; Debit account for carrying forward sales revenue. Sales refund, name change and house change shall be uniformly accounted by the lender.
When dealing with accounts, real estate enterprises should pay attention to the integrity of relevant information, including bank receipts, POS receipts, invoice bookkeeping, various supporting documents related to payment methods, sales house exchange approval forms, sales check-out and sales renaming.
For example:
On August 1 day, the sales deposit of a real estate company was transferred to the pre-sale payment of 880,000 yuan and the pre-sale payment of the house was 8 million yuan. The project was completed in September, and the real estate company carried over 8.88 million yuan in income that month. According to the relevant original documents, the real estate company makes the following accounting treatment:
(1) When the sales deposit is transferred.
Borrow: advance payment-sales deposit of 880,000 yuan.
Loan: advance payment-the sales amount is 880,000 yuan.
(2) When collecting the advance payment.
Debit: 8000000 in the bank.
Loan: advance payment-8,000,000 yuan for house sales.
Prepaid VAT = (880000+800000) ÷ (1+1%) × 3% = 330000 (yuan)
Borrow: Taxes payable-VAT 330,000 yuan in advance.
Loan: 330,000 yuan in bank deposit.
(3) Upon completion and delivery.
Accrued VAT output tax = 8880000 ÷ (1+11%) × ll% = 88000 (yuan)
Borrow: advance payment of 8880000 yuan.
Loan: the main business income is 8000000.
Taxes payable-VAT payable (output tax) 880,000.
Have you mastered the above accounting treatment methods for pre-sale housing funds of real estate development enterprises? Bian Xiao would like to remind everyone that, after all, real estate projects involve a huge amount of funds. As an accountant, you should be careful in making accounts to avoid making mistakes!