At present, many construction enterprises will have subcontracted projects in their operation. When receiving invoices for subcontracted projects, they should be included in accounts receivable for relevant accounting. What are the relevant entries?

how do I make an account when I receive the invoice of the subcontracted project?

1. Billing and settlement with the contracting company:

Debit: accounts receivable -XX company or advance receipt -XX company

Loan: main business income

2. Receiving project funds:

Debit: bank deposit

Loan: accounts receivable -XX company (or advance receipt -XX company)

What?

main business income refers to the business income obtained by enterprises engaged in production and business activities in this industry. The main business income includes the sales of products, semi-finished products and the provision of industrial labor services in the manufacturing industry; Income from sales of commodities by commodity circulation enterprises; Ticket income, customer income, catering income of tourism service industry, etc.

the concept of accounts receivable

accounts receivable refer to the money that an enterprise should collect from the purchasing unit for selling goods, products, providing labor services and other businesses in the normal course of business, including taxes that should be borne by the purchasing unit or the labor service receiving unit, and various transportation and miscellaneous fees paid by the purchasing buyer. Accounts receivable is a creditor's right formed with the sales behavior of enterprises. Accounts receivable include creditor's rights that have occurred and will occur in the future. The former is a creditor's right that has happened and is clearly established, and the latter is a creditor's right that has not happened in reality but will definitely happen in the future.