Real estate project company financial work summary

First, the basic financial information of the xxx project:

As of the end of XX, the project realized a total return of 660 million yuan in sales funds, 100% of the bank loan signing rate, and 317 million yuan in the construction investment period. It is estimated that the project will achieve a net sales profit of 125 million yuan to realize project investment. The return rate reached 20.7%, and the work evaluation indicators issued by xx Group and Industrial Company were successfully completed.

Second, financial control management and financial indicators analysis

Under the supervision of industrial companies, financial work has achieved several breakthroughs.

1) Supervision and service

At the beginning of XX, the industrial company implemented the project company's target cost management supervision and evaluation. Therefore, the company required the internal financial management supervision level to be continuously improved. Externally, tax authorities and banks have adjusted the focus of real estate enterprises, the adjustment of tax policies, and the macroeconomic regulation of national financial policies, which have increased the difficulty of our work. In this extraordinary three years, the Finance Department of the Real Estate Company has overcome many difficulties caused by the serious shortage of financial professionals, the payment approval process and other factors, such as heavy workload, concentrated affairs, long-term handling of daily financial affairs, and long time. Under the full support and care of the leaders of the company, the Finance Department has accumulated some experience in functional management, and has taken a big step forward, resolutely doing a good job in financial review, supervision and service.

2) Selection of cooperative banks

In the process of negotiating with the bank about the conditions of mortgage cooperation, the Finance Department analyzed some experiences and lessons of previous development projects, and the timely and timely return of funds after the sale of the project and the joint guarantee responsibility of the developer and the value added to the series closely matched with the sales. The service and other aspects have been carefully and meticulously studied. After repeated and concrete investigations and discussions, and repeated comparisons, and repeatedly negotiated and negotiated with a number of domestic and foreign banks, combined with the use of funds by the industrial company for the Xiangmihu project. The specific requirements, find the right partner for our project, and finally reach a number of best policies for the Xiangmihu project with the cooperation banks within the scheduled time.

From the initial copy of the contractual mortgage receipt to the final owner's mortgage contract, the photocopy of the pre-sale contract is the loan, which makes the huge cash return time of my project at least two months ahead of schedule, and the return of funds within one week of the opening sale is nearly 1 100 million yuan, to maximize the control of the bank's lending rhythm, but also allows the company to have sufficient free capital to use, this way of operation also ensures the safety and timely return of funds, but also to ensure the timely completion of the follow-up contract filing and mortgage work Smooth.

In terms of joint guarantee

We have realized the most favorable conditions for the real estate developers in Shenzhen Banking Industry: the joint guarantee will be exempted from the developer guarantee responsibility, and the general conditions for the real estate license to be mortgaged and mortgaged to the bank are at least advanced. In a year and a half, it also eliminates the huge expenditure of tens of millions of related guarantee deposits.

Free cooperation value-added service

Our department has reached an agreement with banks with many years of experience in the real estate industry to jointly hold grand opening ceremonies, various high-level owners' networking activities, support for free sales promotion of outlets, regional network and publications, regular release of real estate information, and joint development. A series of value-added services such as community smart cards create opportunities for ensuring a good sales situation.

Providing the best service to engineering and sales departments

During the project sales preparation and development period, the work of the marketing department and the finance department was pushed to the forefront. The Finance Department plays the role of supervisory management and service during important periods of sales.

1) Research and compile sales daily report software, timely obtain new information for sale, find and solve problems

In the case of failure to use the sales software, the department staff made painstaking efforts to study and compile and gradually improve the "Sales Daily Report" to make up for the difficulties caused by the lack of sales information and the financial problems brought by the lag. Timely check with the sales department's sales day report, and analyze the completion of the sales plan, the implementation of the sales policy, and the reasons for the uncollected funds , in order to judge and analyze the connection between the various departments of the bank, finance and sales, and find work. The problems in the case, strengthen internal control, propose relevant measures, and improve in a timely manner.

2) Our department contacted Shenzhen UnionPay and the cooperative bank to install two fixed and mobile POS credit card machines, which greatly facilitated the owner to pay the deposit and the first payment, and agreed that the bank should bear the deep silver Union card processing fee, thereby reducing the financial expenses. .

After continuous efforts by superior industrial companies and various departments of our company, the original project has a maximum cash flow of 361 million yuan, the actual maximum cash flow is 317 million yuan, and the investment is 44 million yuan.

Prepare project payment ledgers and establish inter-departmental audit methods

At the beginning of the project, each project payment must be recorded twice in the Finance Department, one for the Kingdee financial system, and the other for the “Engineering Account”. Since the Kingdee financial system has continuously upgraded and replaced the A/C set in recent years, The entire payment situation of the contract must be converted by the set of books when it needs to be queried. It is more time-consuming. The establishment of the project ledger is undoubtedly a good way to save the query time, and it can reflect the name of the contract and the contract amount and the contract amount at a glance. Details such as settlement amount, payment by time, voucher number, accumulated payment amount, invoice issue, remaining amount, and whether stamp duty has been paid. In addition, according to the project account and the budget department of the engineering department, we will check the payment of each contract from time to time to ensure that the two parties review and record correctly, and ensure that the payment of the project payment is correct.

Strengthen communication with government departments such as taxation, and actively promote land value-added tax settlement

In the past two years, the Finance Department of the Real Estate Company has actively studied and studied the new fiscal and taxation policies of the country, strengthened communication with the tax authorities, and worked hard to find solutions to ensure the smooth progress of taxation work. In the initial accounting, we did not notice the importance of developing “indirect costs” set by the university department. In fact, directly organize and manage the expenses incurred in development projects, including wages, employee benefits, depreciation, office expenses, and hydropower. Labor insurance, etc. can be shown below in this subject, and the development of indirect costs as a basic item of real estate development costs, according to the provisions of the tax law in the calculation of real estate enterprises land value-added tax, there is an additional 20% deduction, only this makes the real estate company The land value-added tax should be reduced by nearly 100,000 yuan.

Third, the existing problems and solutions:

The xx project went through the construction and sales stage of overheating. Looking back, we found that there were many deficiencies in the work. Some of the deficiencies were corrected in time by the superiors before they occurred, while others were exposed in the exploration and even affected. Working, these shortcomings will make our work more detours and even financial risks.

The importance of the establishment of marketing ledgers

The marketing account has the same important role as the engineering account. Because the marketing department does not have a similar budget position, the awareness of cost control and reasonable planning expenditure is relatively weak, and unlike the financial department and the engineering department, it can achieve dual control of cost. Therefore, the daily expenditure on sales expenses and the functions of management and control are only unilaterally completed by the finance department. In particular, expenses such as publicity exhibitions and advertisements have been paid frequently in the beginning of the promotion of real estate marketing. The forms are also diverse and complicated. There are often many cooperation agreements with the same company, and the intensity and pressure of work suddenly increase. It is a test of our careful and careful level. If we can record the marketing account on time, then we will not feel confused every time we pay, and we have a clear understanding of the account.

Early warning of sales expenses and development cost expenditure

Every year, the project company adjusts the cost target according to the actual situation, which causes different cost overruns. The actual reason is not only the fluctuation of market price and policy, but also the lack of sensitivity of overdue warning. What are the reasonable and necessary expenditures? What are the expenses that may or may not be required, which payments must be paid on time, and which payments need to be suspended, etc. These contents require our financial staff to have an understanding of the market and project image progress and good control capabilities. The cost control can not be separated from the pre-existing forecast, the control and warning of the incident, and the post-analysis analysis. The financial staff should not stay in the traditional office to do the accounts, and strive for more opportunities and time to go out. Promote communication and information sharing with various internal functional departments, and contact with external related markets, and enhance the basic judgment ability of the rationality of each detailed expense use beforehand, so as to plan the project according to the detailed estimated cost situation. It tends to be more reliable and authentic, and the deviation of adjustment is not too great. According to the above-mentioned plan goals, the daily work is guided, and the dynamics of the detailed items have obvious abnormal changes and the target comparison has the warning information.

Management fee use to distinguish responsibility center

Management expenses are often easy to over-the-counter. The expenses are accumulated by various functional departments within the company. It is difficult to find the root cause of super-projects, especially when business expenses, automobile expenses, office supplies, etc. are incurred. It is considered necessary and difficult to control. In XX, the Ministry of Finance of the Year proposes to implement the cost control to each department, so that each functional department becomes the responsibility center of the expenses, and each functional department is implemented on the head of each staff. The formulation of the project objectives as an indicator of the department's work assessment has alleviated the contradictions and embarrassing situations in which the previous financial departments were unwilling to control, and other functional departments did not understand, were difficult to cooperate, and did not follow the example, so that the staff and departments jointly took charge of cost control. Responsibility has effectively improved the effectiveness of the implementation of the target.

Some of the above experiences are based on the details of financial work. The details of each daily work are small, but they are related to the final quality of the entire financial work. It is closely related to the completion of the excellent project. We are nothing but the heart. There are counts, bottoms, and duties that do not insult the financial department.

Fourth, the 2019 work outline

All aspects of the work of the Ministry of Finance are inseparable from the guidance and care of the financial work of the leaders and colleagues at all levels of the company. With such strong spiritual support, it is our great spiritual power and strength to do a good job in the company's financial work.

We will continue to seek the endless support of our superiors at any time and do the following key tasks:

Continue to maintain communication with taxation and relevant government departments, timely grasp the new national policies and regulations, analyze the impact of the new taxation policy on the company's development, avoid risks, and resolutely complete the liquidation of project land value-added tax, etc., without leaving a tail.

Strengthen communication and discussion with personnel in the same industry, strengthen the implementation of the financial system, grasp the overall work ideas, do fine and fine financial work, give full play to the functions of the financial department, and ensure and promote the smooth development of all work.

Cooperate with the sales department of the company to complete the handling of the real estate licenses in the later stage of sales, and ensure that the funds and the certification work are foolproof.

Cooperate with the company's engineering department to complete the development cost settlement after the sale.