In the construction industry cost accounts should be set up what line items, which includes what?

The building construction enterprise has certain special characteristics, and the majority of production-oriented enterprises are very different. In particular, cost accounting and revenue recognition are very different from product sales enterprises. This post is only here to discuss the construction contract law guidelines provide for the construction of building construction enterprises in the accounting business processing, and productive enterprises with the same accounting is not here to do the discussion. \x0d\ (a) construction The equivalent of the production enterprise "production costs" account. Mainly accounting for the cost of each project and gross profit. The following set of "contract cost" and "gross profit" two secondary line items. \x0d\1, Construction - Contract Cost, accounting for the cost of the project contract \x0d\ Under Contract Cost, the following sub-division accounts are set up \x0d\(1) Labor Costs (project/departmental accounting) \x0d\(2) Material Costs (project/departmental accounting) \x0d\(3) Machinery Usage Costs (project/departmental accounting) \x0d\(4) Other Direct Costs (project/departmental accounting) \x0d\(4) Other Direct Costs (project/departmental accounting) \x0d\(5) Machinery Usage Costs (project/departmental accounting) \x0d\(5) Other Direct Costs (project/departmental accounting) \x0d\ (5) Subcontracting Costs (Project/Departmental Accounting) \x0d\ (6) Indirect Costs \x0d\ Indirect Costs have the following subheads under them \x0d\ Salaries of Managers (Project/Departmental Accounting) \x0d\ Employee Welfare Costs (Project/Departmental Accounting) \x0d\ Fixed Assets Utilization Costs (Project/Departmental Accounting) \x0d\ Amortization of Low-Value Consumables (Project/Departmental Accounting) \x0d\Office expenses (project/departmental accounting) \x0d\Travel expenses (project/departmental accounting) \x0d\Property insurance (project/departmental accounting) \x0d\Warranty fee for works (project/departmental accounting) \x0d\Sewage charges (project/departmental accounting) \x0d\Labour protection (project/departmental accounting) \x0d\Inspection and testing (project/departmental accounting) \x0d\Inspection and testing (project/departmental accounting) \x0d\Training fees (project/departmental accounting) \x0d\Outside Unit Management Fee (Project/Department Accounting) \x0d\Materials Finishing and Incidental Freight (Project/Department Accounting) \x0d\Materials and Supplies Inventory Losses and Destruction (Project/Department Accounting) \x0d\Heating Fee (Project/Department Accounting) \x0d\Other Charges (Project/Department Accounting) \x0d\2, Engineering and Construction - Gross Profit, Accounting for Gross Profit of the Project \x0d\Specific settings are chosen according to the needs of the enterprise, it is not necessary to set up these accounting entries. In particular, overhead costs, some do not need can not be set up. \x0d\\(ii) Mechanical operations This account is mainly for construction enterprises have a separate equipment management department for each project to provide equipment costs incurred and internal settlement of the accounting of the table. Equivalent to the manufacturing industry "auxiliary production costs" account. Conditional units, you can set up a single accounting for the company's equipment, accurately accounting for each large or major equipment, the cost of each shift of consumption. \x0d\ Normally, the following line items should be set up: \x0d\ Wages and surcharges (departmental/equipment accounting) \x0d\ Fuel and power (departmental/equipment accounting) \x0d\ Depreciation (departmental/equipment accounting) \x0d\ Spare parts and repairs (departmental/equipment accounting) \x0d\ Overheads (departmental/equipment accounting) \x0d\ (C) Accounts receivable \\\ \x0d\1, project receivables (current unit accounting) Accounting for accounts receivable according to the statement of progress or settlement of the project \x0d\2, accounts receivable from the sale of goods (current unit accounting) Accounting for construction companies receivable from the sale of products \x0d\3, warranty receivables (current unit accounting) According to the contract and the settlement of the owners of the temporary withholding of the project warranty, it is best to set up a due date. \x0d\(d) Accounts Payable \x0d\1, Purchase Payable (Correspondent Unit Accounting) Accounting for Purchase Payable, Equipment Payable etc. \x0d\2, subcontract payable (current unit accounting) accounting for subcontract work payable \x0d\3, provisional accounts payable (current unit accounting) accounting for the provisional entry of the amount (including the provisional entry of materials and the provisional entry of subcontract work). \x0d\4, warranty payable (current unit accounting) accounting for warranty payable to subcontractors, it is best to set a due date. \x0d\\ (5) Project Settlement (Correspondent Unit/Project Accounting) Accounting for payments based on the owner's progress statement visa information or project settlement. \x0d\ (F) Main Business Income (manual accounts can be set up without the following line items, just set up line items by project) \x0d\ 1. Target Cost \x0d\ The following line items are set up under Target Cost \x0d\ (1) Labor Costs (project/departmental accounting) \x0d\ (2) Material Costs (project/departmental accounting) \x0d\ (3) Mechanical Usage Costs (project/departmental Accounting) \x0d\\(4) Other Direct Costs (Project/Departmental Accounting) \x0d\(5) Indirect Costs (Project/Departmental Accounting) \x0d\2, Taxes (Project/Departmental Accounting) \x0d\3, Labor Protection Costs (Project/Departmental Accounting) \x0d\4, Company Management Costs (Project/Departmental Accounting) \x0d\5, Company Profit (Project/Departmental Accounting) \x0d \\x0d\\\1TT The accounting content of each line item of the project construction: \x0d\1T Labor Costs: refers to the various costs spent by production workers directly engaged in the construction of the building and installation works, which include: \x0d\1T (1) Basic Wages: refers to the basic wages issued to production workers. \x0d\ (2) Wage subsidies: refers to price subsidies, coal and gas subsidies, transportation subsidies, housing subsidies, mobile construction allowances, etc., which are paid according to prescribed standards. \x0d\\ (3) Production workers' auxiliary wages: refers to the wages of production workers for non-operating days other than the annual effective construction days, including the wages during the period of study and training of employees, the wages during the period of transferring to a job, visiting relatives and taking a vacation, the wages during the stoppage of work due to the influence of climate, the wages for the time of breastfeeding of female workers, the wages for sick leave within six months and the wages for maternity, marriage and funeral leave. \x0d\\(4) Employee Welfare Expenses: refers to the welfare expenses for production workers accrued in accordance with the prescribed standards (based on the total wages of production workers). \x0d\\\(5) Production workers' labor protection expenses: refers to the purchase and repair costs of labor protection supplies, clothing subsidies for apprenticeships, expenses for preventing heatstroke, and health care costs for construction in environments that impede health, etc., which are paid according to prescribed standards. \x0d\(6) Enterprises should bear the production workers' pension, unemployment, maternity insurance, housing fund, etc. ---- New Enterprise Accounting Standards Increase Content \x0d\2. Material Costs: refers to the costs of raw materials, auxiliary materials, components, parts and semi-finished products that constitute the project entity, which are consumed during the construction process. It includes: \x0d\(1) the original price (or supply price) of materials. \x0d\ (2) Material transportation and miscellaneous costs: refers to all the costs incurred in transporting the materials from the source to the site warehouse or designated stacking place. \x0d\\ (3) Transportation wear and tear costs: refers to the unavoidable wear and tear of materials during transportation and loading and unloading. \x0d\ (4) Procurement and storage costs: refers to all costs required in the process of purchasing, supplying and storing materials for the organization. \x0d\\ includes: procurement costs, storage costs, site storage costs, storage losses. \x0d\ (5) Inspection and testing costs: refers to the costs incurred in the general appraisal and inspection of construction materials, components and building installations, including the costs of materials and chemicals consumed in the tests conducted by the self-established laboratories. It does not include the cost of testing new structures, new materials and the construction unit's inspection of materials with factory certificates of conformity, destructive testing of components and other special requirements for inspection and testing. \x0d\3.\3.\3 Construction Machinery Utilization Fee: It refers to the machinery utilization fee incurred by the construction machinery operation as well as the machinery dismantling and dismantling fee and the off-site freight fee. \x0d\\ construction machinery unit price should be composed of the following seven costs: \x0d\ (1) depreciation: refers to the construction machinery in the specified useful life, successive recovery of its original value and the time value of the purchase of funds. \x0d\ (2) Overhaul cost: the cost required for construction machinery to undergo the necessary overhaul to restore its normal function in accordance with the specified overhaul interval shift. \x0d\ (3) Frequent Repair Costs: refers to the costs required for all levels of maintenance and temporary troubleshooting of construction machinery other than overhaul. Including the amortization and maintenance costs of replacement equipment and randomly equipped tools and attachments required to ensure the normal functioning of machinery, the cost of materials for lubrication and wiping required for routine maintenance in the operation of machinery and the cost of maintenance and upkeep during the period of machinery stagnation. \x0d\(4) installation and dismantling costs and off-site freight costs: installation and dismantling costs refer to the labor, materials, machinery and commissioning costs required for the installation and dismantling of construction machinery at the site, as well as the costs of depreciation, erection and removal of auxiliary machinery facilities; off-site freight costs refer to the costs of transportation, loading and unloading, auxiliary materials, and erection wires for the transportation of the construction machinery in its entirety or as a separate unit from the place of staging to the site of construction, or from one construction site to another construction site. \x0d0\\(\c) \x0d\ (5) Labor cost: means the labor cost of the driver (stoker) and other operators on the machine for the working day and the labor cost of the said personnel beyond the annual work shift specified for the construction machinery. \x0d\\(6) Fuel and Power Costs: refers to solid fuel (coal, firewood), liquid fuel (gasoline, diesel) and water, electricity, etc. consumed by the construction machinery in its running operations. \x0d\\(7) Road maintenance fee and vehicle and vessel use tax: refers to the road maintenance fee, vehicle and vessel use tax, insurance and annual inspection fee, etc., which should be paid by construction machinery in accordance with the state regulations and the regulations of the relevant departments. \x0d\\ set up a "machinery operations" account for the use of machinery for the enterprise equipment management department to each project department of the mechanical bench fee, the above content only in the "machinery operations" account can be accounted for. \x0d\4, other direct costs (in the budget known as the cost of measures) refers to the completion of the construction of the project, incurred in the construction of the project before and during the construction process of non-engineering physical items. \x0d\\ Includes the following: \x0d\ (1) Environmental Protection Fee: It refers to all the costs required to meet the requirements of the environmental protection department at the construction site. \x0d\\ (2) Civilized Construction Fee: It refers to all the costs needed for civilized construction at the construction site. \x0d\\ (3) Safety Construction Costs: refers to all costs required for safe construction at the construction site. \x0d\\(4) Temporary Facilities Costs: refers to the costs of temporary buildings, structures and other temporary facilities for living and production that must be erected by the construction company to carry out the construction works. \x0d\\ temporary facilities include: temporary dormitories, cultural welfare and public utility houses and structures, warehouses, offices, processing plants, as well as temporary facilities such as roads, water, electricity, pipelines and other small temporary facilities within the prescribed range. \x0d\\\ temporary facilities costs include: temporary facilities erection, maintenance, dismantling costs or amortization costs. \x0d\\(5) Night construction costs: refers to the costs incurred for night construction such as night shift subsidy fees, night construction degradation, amortization of night construction lighting equipment and electricity for lighting. \x0d\\(6) Secondary handling costs: refers to the secondary handling costs incurred due to special circumstances such as small construction sites. \x0d\\(7) Entry and exit and installation and dismantling costs of large machinery and equipment: it refers to the costs incurred for the entry and exit transportation and transfer of machinery as a whole or in parts from the parking site to the construction site, or from one construction site to another, as well as the costs of labor, materials, machinery, commissioning and installation of auxiliary facilities required for installation and dismantling of the machinery at the construction site. \x0d\ (8) Concrete, reinforced concrete formwork and support costs: refers to the cost of supporting, dismantling and transporting various steel formwork, wooden formwork, supports, etc. and the amortization (or rental) of the formwork and supports required during the concrete construction process. \x0d\ (9) Scaffolding costs: refers to the construction of a variety of scaffolding needed to build, dismantle, transportation costs and scaffolding amortization (or rental) costs. \x0d\\ (10) Completed works and equipment protection costs: refers to the costs required for the protection of completed works and equipment before completion and acceptance. \x0d\ (11) construction drainage and precipitation costs: refers to the various costs incurred in taking various drainage and precipitation measures to ensure that the project is constructed under normal conditions.