The construction contract confirms the income according to the completion progress, but the actual work can basically confirm the income according to the invoiced amount.

According to the completion schedule method, invoicing only provides invoices to the other party, and even does not need to be accounted for.

However, the tax authorities confirm the value-added tax according to the billing progress. Therefore, if the income is not confirmed, the output tax should also be confirmed.

Debit: accounts receivable

Loan: Taxes payable-VAT payable (output tax)