Financial treatment of bidding company

Revenue (tender amount): the bidder purchases the tender (for example, in 300 yuan, the revenue does not consider the value-added tax);

Debit: Accounts Receivable-Item A- Company X 300

Loan: Operating income 300

2. Payment confirmation: the bidder will transfer the money (bid money) to the company account;

Debit: Bank deposit 300

Loan: Accounts Payable -X Company (unknown item) 300

Here, why the collection is placed under accounts payable is a difficult point.

3. Deposit collection: the bidder pays money (deposit) to the company account (for example, 10000 yuan);

Debit: bank deposit 10000

Loan: Accounts Payable -X Company (unknown project) 10000

At the same time, the business personnel initiate the resale process, make the resale voucher, and transfer the collection of unknown projects to the project to facilitate the return of the bid bond:

Debit: Accounts Payable -X Company (unknown item) 10000

Loan: Accounts Payable-Project A- Company X 10000

4. Revenue confirmation (service fee for winning the bid): after the bid evaluation, the manufacturer will confirm the bid (for example, 30,000 yuan, and the revenue will not be considered as VAT);

Debit: Accounts Receivable-Project A- Company X 30000

Loan: Operating income is 30,000 yuan.

5. Payment confirmation: the bidder will pay the money (bid winning service fee) to the company account;

Debit: 30,000 yuan from the bank.

Loan: Accounts Payable -X Company (unknown project) 30000

6. Refund the bid bond (if the bidder fails to win the bid)

Debit: Accounts Payable-Item A- Company X 10000

Loan: bank deposit 10000.