If the pre-deposited electricity fee is inconsistent with the actual amount used, the accounting needs to be handled accordingly.
When depositing electricity bills, the prepaid electricity bills should be recorded in the prepaid account-electricity bills. At the same time, if you are a general taxpayer, you also need to record the VAT payable in the tax payable - VAT payable account. This means that the company has prepaid the electricity bill and can use it as input tax in subsequent tax returns.
For example, let's say a company pays $1,000 for electricity when it deposits its electricity bill. In accounting, the following should be done:
Debit: Advance payment - electricity bill 1,000 yuan.
Tax payable - VAT payable is 150 yuan.
Credit: Bank deposit of 1,150 yuan.
In this way, the prepaid electricity bill and the associated taxes are recorded.
At the end of the month, when the cost of the month is confirmed based on the actual amount of electricity consumed, the actual electricity cost used should be calculated and the cost of the month should be confirmed.
For example, let's assume that the actual electricity bill used in the month is 800 yuan. In accounting, the following should be done:
Borrow: management expenses, sales expenses, main business costs, 800 yuan.
Credit: 800 yuan in advance payment.
In this way, the actual electricity bill will be charged to the corresponding expense account and the corresponding amount in the prepaid bill will be cleared to zero.
This is only the way to deal with one case, and there may actually be other situations to consider, such as electricity tariff adjustments, electricity tariff rate changes, etc. The specific treatment method can be adjusted according to the actual situation of the company and accounting standards. February** Dynamic Incentive Program