There are no specified requirements for the detailed accounts of projects under construction, and they can be set by yourself according to the actual accounting needs of the unit. For example, you can set up second-level detailed accounts according to engineering projects, or you can set up second-level detailed accounts according to "material costs", "labor costs", "other direct costs", etc.

Debit the "Construction in Progress" account (equipment being installed), otherwise the amount will be apportioned to the relevant assets and feasibility study fees, which should be based on the cost of the equipment and the actual price paid. The contract stipulates that the project price shall be paid in advance to the contracting enterprise; when settling the project price with the contracting enterprise: Project under construction - Construction project - Fence wall

Project under construction - Construction project - Office building

( 2) Installation projects, project management fees, and repaid project fees are debited to the "Construction in Progress" account (other expenses). If they can be directly included in the relevant assets, they are directly included in the "Construction in Progress" account. The following detailed accounts should be set up. , installation projects, etc.), notary fees, installation projects, etc.), temporary facility fees (house rent):

(1) Construction projects, supervision fees, etc., site preparation fees (earthwork);

According to detailed records under "Projects in Progress"-Others, credit the "Bank Deposits" and other accounts, and credit the "Bank Deposits" account;

For example:

Construction in progress - installation project - boiler

Construction in progress - installation project - water supply system

(3) For other expenses, debit the "construction in progress" account (construction project, material preparation When payment is made (with invoice).

The accounting treatment of the "Construction in Progress" account is as follows, and "Bank Deposits" are credited.

(2) Office expenses and benefits incurred for infrastructure projects

Projects under construction-others-temporary facility fees (rent for buildings)

Constructions-in-progress-others-supervision fees

After the completion of the relevant fixed assets ( (Based on the final accounting report and acceptance report):

(1) For infrastructure projects contracted, the "Projects in Progress" account will be debited (Construction Engineering;

For example, "Project Materials" will be credited Accounts, "Accounts Payable" and other accounts:

Construction in Progress - Others - Site Leveling Fees

Construction in Progress - Others - Office Expenses

Under Construction Engineering-Others-Project Management Fees

Projects under construction-Others-Salaries; extended information when delivering the required installation equipment to the contracting company for installation

Accounting for projects under construction

< p>1. This account accounts for the value of the company's infrastructure, technical renovation and other ongoing projects.

The company's subsequent expenditures related to fixed assets include daily repair costs, major repair costs, and updates of fixed assets. Renovation expenses, house decoration costs, etc., if they meet the fixed asset recognition conditions stipulated in the fixed asset standards, are also accounted for in this account; if they do not meet the fixed asset recognition conditions, they should be accounted for in the "administrative expenses" account and not in this account. < /p>

2. This account should be accounted for in detail according to "construction projects", "installation projects", "equipment in progress", "deferred expenditures" and individual projects

Construction in progress. If impairment occurs, the detailed account "Impairment Provision" should be set up in this account for accounting.

3. The ending debit balance of this account reflects the value of the company's unfinished construction in progress.

(1) When transferring fixed assets to reconstruction, expansion or repair, etc.

Debit: Construction in progress

Credit: Non-current assets fund - in Construction project

At the same time, according to the non-current asset fund corresponding to the fixed assets

Borrow: Non-current asset fund - fixed assets

Accumulated depreciation

Loan: fixed assets

(2) When paying project price and special loan interest

Debit: construction in progress

Loan: non-current asset fund ——Projects under construction

At the same time,

Debit: business expenses

Other expenses

Credit: bank deposits

< p>(3) When the project is completed and delivered for use,

Debit: fixed assets

Credit: non-current asset fund - fixed assets

At the same time

Debit: Non-current asset fund - construction in progress

Loan: construction in progress

Reference: Baidu Encyclopedia - construction in progress