How is 76av accounted for in the balance sheet?

Score 76. AB

If it is necessary to calculate and withhold alimony amounts collected from employees, account 76 is also used. The final balance for these entries can be of a debit or credit nature, depending on the specified conditions. Debit records any debt owed to the company.

The loan collects information on the debts of the enterprise itself to third parties. Therefore the account belongs to . 76 account in the balance sheet can be taken into account both in the active part and in the passive part. To do this, its expanded balance is analyzed. Debit balances constitute the asset item “Debit Accounts”.

The credit balance increases the liability of the balance sheet under the item “Accounts payable”. Analytical accounting is maintained separately for transactions.

Postings to account 76 form the final balance for each fact of mutual settlements with debtors and creditors.

On account 76, subaccounts have many meanings, the most used among them are: 76.

Where might the discrepancies come from?

To reflect the accrual of VAT on advance payments, the chart of accounts provides a subaccount “VAT on advances received (prepayments)” to account 62 “Settlements with buyers and customers” and account 76 “Settlements with various debtors and creditors”.

AB is not closing I fedotov_andrey At the end of the year there were advances from buyers on account 62.2 and, accordingly, VAT on these advances on account 76.AB.

Debit 76.01 Credit 91.02. Reflection of the amount of income received as the difference between the compensation received and total expenses. Before the defendant recognizes the deficiency and before a court decision is made, the accountant should reflect the amount of the claim under the D account. 94.

Rebus Company

But we looked at only one side of the coin - when our company acts as a seller of its own products.

But in order to produce these products, the enterprise buys everything necessary for production (materials, equipment, etc.) and in this case itself acts as an ordinary buyer and pays VAT upon purchase, which the sellers added to the price of their goods. And this is where the “most interesting” part comes in.

Since VAT must flow into the pocket of the state from the buyer through the pocket of the seller, then when our enterprise acts as a buyer, the state returns to it the amount of VAT that it transferred to the seller.

In order not to get confused in complex calculations, the state introduced the following procedure: 1) first, each enterprise calculates the amount of VAT that it must pay to the state directly - that is, the amount from transactions in which our enterprise acted as a seller.

This part of the VAT is reflected in the liability side of the balance sheet.

What arguments did the officials give?

The financiers did not provide detailed and comprehensive explanations of their position in the Recommendations. And the only regulatory act that they directly referred to is PBU 1/2008 “Accounting Policy of the Organization” (Approved by Order of the Ministry of Finance of Russia dated October 6, 2008 N 106n). It draws attention to the going concern assumption.

Let us recall that this assumption implies that when forming the accounting policy of the organization, it is assumed that the organization will continue its activities in the foreseeable future and it has no intention or need to liquidate or significantly reduce its activities, therefore, obligations will be repaid in the prescribed manner. Based on this norm, financiers reasoned that the repayment of the obligation of the party who received the advance (advance payment) in the manner prescribed by the contract consists of the delivery of goods (performance of work, provision of services, transfer of property rights). And based on the requirements of tax legislation regarding the payment and reimbursement of VAT, the amount of obligations to be repaid does not include the amount of VAT.

Advances issued and received: procedure for registering accounting entries

How should these lines be filled out? Is there a strictly defined algorithm for passing an audit?

On this issue, we adhere to the following position: In the case under consideration, the organization did not make mistakes when reflecting in the balance sheet debts for advances issued and received. Therefore, no corrections to the balance sheet are required.

Justification for the position: In accordance with Part 1 of Art. 14 of the Federal Law of December 6, 2011 N 402-FZ “On Accounting” (hereinafter referred to as Law N 402-FZ), annual accounting (financial) statements generally consist of a balance sheet, a statement of financial results and appendices thereto. The mentioned annexes include: - statement of changes in capital; — cash flow statement; — report on the intended use of funds (clause

2 orders of the Ministry of Finance of Russia dated July 2, 2010 N 66n “On the forms of financial statements of organizations”, hereinafter referred to as Order N 66n); - others

What is the procedure for using subaccounts 76-AB and 76-VA to account for VAT amounts on advances received and issued?

3 Accounting Regulations “Income of the Organization” PBU 9/99, approved by Order of the Ministry of Finance of Russia dated May 6, 1999 N 32n, clause.

3 Accounting Regulations “Expenses of the Organization” PBU 10/99, approved by Order of the Ministry of Finance of Russia dated May 6, 1999 N 33n). Received (issued) advances (prepayments) are reflected in accounts payable (receivable). In the balance sheet they are reflected minus the amount of VAT payable (paid) to the budget (from the seller) and minus the VAT accepted for deduction (VAT subject to deduction) from the buyer (Appendix to the Letter of the Ministry of Finance of Russia dated 01/09/2013 N 07-02- 18/01, Letter of the Ministry of Finance of Russia dated 04/12/2013 N 07-01-06/12203, Interpretation T-16/2013-KPT “VAT on advances issued and received” (organization-developer: OJSC MCC EuroChem, Fund NRBU "BMC", meeting date: 08/09/2013) (hereinafter - Interpretation T-16/2013-KpT)). VAT amounts as part of receipts from buyers

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Advances listed

Line 1230 “Accounts receivable”

This line reflects the full amounts of buyer (debtor) debts remaining at the end of the year, including VAT. Here we summarize the data corresponding to the balances (debit) of accounts 60, 62, 76, as well as the total values for the debit of the “Settlements with ...” accounts: 68, 69, 70, 71, 73 and 75, reduced by the balance (credit) of the account 63.

Starting from 2011, organizations are required to form a reserve for doubtful debts (account 63, the balance of which is subtracted from the value accumulated in line 1230 of the balance sheet). This includes those debts of debtors for which they no longer hope to receive payment.

The organization independently determines such debts by assessing the likelihood of full or partial non-repayment (letter of the Ministry of Finance of Russia dated January 27, 2012 No. 07-02-18/01).

According to the explanations of the Ministry of Finance of Russia, when the buyer transfers an advance to the supplier, receivables are reflected in the balance sheet minus VAT, subject to deduction or accepted for deduction (attachment to the letter of the Ministry of Finance of Russia dated 01/09/2013 No. 07-02-18/01).

This means that in line 1230, in addition to existing accounts receivable with VAT, the amount of advances transferred to suppliers against a future transaction (shipment of goods, provision of work (services), transfer of property rights) is reflected minus VAT.

For a sample of filling out the balance sheet for 2021, see.

ToTo Design School

The loan collects information on the debts of the enterprise itself to third parties. Therefore, the account belongs to active-passive.76 the account in the balance sheet can be taken into account in both the active and passive parts.

To do this, its expanded balance is analyzed. Debit balances constitute the asset item “Debit Accounts”. The credit balance increases the balance sheet liability under the item “Accounts payable.” Analytical accounting is maintained separately for transactions.

Postings to account 76 form the final balance for each fact of mutual settlements with debtors and creditors. On account 76, subaccounts have many meanings, the most used among them are: 76.

Suppliers count 60

60.01 D remainder = 0! 60.02 K remainder = 0 !

76.VA D balance = 0 76.VA K = 60.02*18/118 - provided that all suppliers have issued an account for the advance. But in reality this doesn’t happen: 76.VA loan

It is useful to view the status of documents - Invoices from suppliers

60 - see Purchases - Invoices from suppliers? status = Not Received!

19.3 19.4 VAT from suppliers

19.3 balance Credit = Debit = 0 - everything should be closed without balances, all debit turnovers within the quarter are equal to credit ones.

How to reflect VAT on advances in the balance sheet

According to the rules of the Tax Code, an organization on OSNO that is not exempt from VAT, when receiving an advance on account of upcoming deliveries of products, works, services upon receipt of them, must calculate VAT (clause 2, clause 1, Article 167 of the Tax Code). Let's do this: VAT payable = 141,600 / 118 * 18 = 21,600 rubles.

At the moment when the clothes are sewn and shipped, Moda LLC needs to charge VAT again - already on the cost of the shipped products: VAT payable = 141,600 / 118 * 18 = 21,600 rubles. And VAT accrued earlier on the advance payment is accepted for deduction (clause 1, clause 1 and clause 14 of Article 167, clause 8 of Article 171 and clause 6 of Article 172 of the Tax Code).

A deduction is made if, after receiving an advance payment, the terms of the contract are changed or terminated and the corresponding amounts of advance payments are returned (clause 5 of Article 171 of the Tax Code). But in our example, we have only received an advance. How to reflect its receipt and the accrual of VAT on advances received in accounting?

To do this, they usually use one of the subaccounts to account 76:

What we reflect in line 1230 of the balance sheet: accounts receivable

God, how can I check all this crap with contractors, since since 2015. Each invoice must contend with the counterparty's accounting department.

After the products are shipped, an invoice is issued for the amount of goods shipped, which is transferred to the buyer, the data is reflected in the sales book. The tariff is accepted for deduction. What kind of postings are made - DT90 KT68, DT68 KT76 (62). If payment and shipment were in the same period, the seller calculates and accepts tax for compensation in one ¼ of the year.

For this, an additional 76 account is used; a corresponding sub-account is opened on it, which will reflect deductions from funds received from buyers. The transaction for charging the fee will look like this - DT76 KT68. It is drawn up on the day when the advance payment was received.

The table should reflect the movement and structure of arrears at the beginning and end of the reporting and previous years. At the same time, the table format allows you to see the whole picture of debt formation and repayment.

We have the right (not obligated, but have the right, i.e. at will) to accept the amount of VAT on advances issued to the supplier for deduction (clause 12 of Article 171 and clause 9 of Article 172 of the Tax Code of the Russian Federation). In accounting, a special account is also used for these purposes. Because account 19 can only be used for purchased values.

At the end of the year, each organization must draw up a financial report, which is called a balance sheet or Form No. 1. Debts of other persons to the company are included in the balance sheet as the sum of the expanded debit balance of a number of accounts minus the credit balance of 63 accounts.

Let us remind you that the next general meeting of company participants must be held no earlier than two months and no later than four months after the end of the financial year (Article 34 of the LLC Law).

Debit 76.01 Credit 20. Accounting for the costs of eliminating the consequences of a fire in the production premises at the expense of the insurance compensation received from Beta.

First conclusions: 1. If the transaction has gone through 2 stages (shipment and payment) in full, then logically this can be seen in account 62 (there are no balances there) and, as a result, all advances are on the account. 76 of this counterparty must close, i.e. must also be without residues.2. If the client has made an advance payment (there is a balance on account 62.2), then accordingly there will be a balance on the account.

For each numerical indicator of the financial statements, except for the report prepared for the first reporting period, data must be provided for at least two years - the reporting year and the one preceding the reporting one.

Information on the cases in which a mandatory audit of accounting (financial) statements should be carried out is published annually by the Russian Ministry of Finance. The list of cases of mandatory audit of accounting (financial) statements for 2016 is given in the information of the Ministry of Finance of Russia dated January 10, 2017.

In fact, manual issuance of advance invoices is rare, only if the counterparty specifically requests it.

Account 76 av

Receipt of goods from suppliers with invoices has been established. 2. Shipments to customers with invoices have been initiated. 3. Advance invoices have been made for the buyers' prepayments. We begin to study Operations - Closing the period - VAT Accounting Assistant.

There is also a useful summary report in 1C, see. Reports - Analysis of VAT accounting If payment and shipment (receipt) are in the same period, then everything is taken into account very simply: all my documents “Receipts of goods” in the invoice received have a checkbox “Reflect the VAT deduction in the purchase book by the date of receipt.”

Those. here we immediately make entries for VAT refund (68.02 Thus, the document creating the purchase book and sales book are almost empty. And all sorts of advances and other evil spirits got there, which makes the life of an accountant bright and eventful. The problem is that if you spit and don’t understand with advances, then all this will come out anyway.

Therefore, we are looking for algorithms for checking advances.

Results

The question of recovering VAT on advances paid to suppliers arises if the taxpayer takes tax deductions on invoices issued by the supplier for prepayment. The provision for advance payment must be included in the supply agreement. VAT on advances issued is recorded in a separate subaccount of account 76.

In this article we will talk about the restoration of VAT and the reflection of this operation in 1C 8.3 using the example of the 1C Enterprise Accounting configuration.

“VAT restoration” itself

raises questions.
Let's try to explain it. In short, restoration
is the reverse operation
of receiving a
VAT deduction, i.e.
an adjustment is made based on the deduction already received, reducing this deduction or completely canceling it. If it makes more sense to someone, then theoretically we can say that we will reverse the VAT deduction completely or partially, depending on the situation. But the term “reversal”
is not used in this case, but they say that
“VAT must be restored.”
In more detail, upon receipt of materials, goods, fixed assets, etc. Input VAT is often a tax deduction that reduces the amount of tax payable at the time of receipt. In order to apply such a deduction, several conditions must match, for example:

Correctly executed SF;
The received values are used in activities subject to VAT;
The recipient of the valuables is a VAT payer, etc.

Now let’s imagine a situation where, at the time of capitalization of the assets, all these conditions were met, and the deduction was accepted. After some time, the conditions changed, and it turned out that the deduction could not be used. This is where VAT is restored.

Another option when it is necessary to restore VAT is prepayment to the supplier by the buyer. By making an advance payment, the buyer can use a VAT deduction by creating an accounting entry 68.VAT – 76.VA. When the buyer receives the shipment for such an advance, he will make a deduction for the received items with posting 68.VAT - 19. Then it turns out that there will be two deductions for one shipment. This situation is impossible, so the first deduction must be restored.

The list of situations when VAT should be restored is given in the Tax Code, Art. 170 clause 3. And although the practice of court decisions suggests that this list is closed, nevertheless, tax authorities often require the restoration of VAT in other cases, for example, in case of theft of property. Here the enterprise itself must decide whether to restore the tax or not (in this case, court hearings will be necessary).

Since the restoration of VAT always leads to an increase in the amount of tax payable, in the transactions Kt there will always be 68.VAT, and for Dt options are possible, depending on the situation. Such transactions should be reflected in the Purchase Book.

Let's look at the most common cases of VAT recovery.

VAT recovery using the example of 1C: Accounting configuration

Now from theory to practice. Let's consider two options for how to reflect the restoration of VAT in 1C Accounting.

Example 1. The most common case of VAT recovery.

The buyer made an advance payment for the consignment of goods, both counterparties are VAT payers. The prepayment amount is 118,000 rubles, incl. VAT 18,000. A few days after the prepayment, the organization received material assets in the amount of 94,400 rubles, incl. VAT 14,400 rub.

Accounting for advance payments in 1C is well automated. The correct transactions were automatically generated for payment.

If at this moment you create a Purchase Book,

we will have two deductions for one delivery.

VAT should be restored. To do this, in the Operations

select an item

Offers to repost documents and create routine operations - creating purchase and sales ledger entries.

We are interested in Clicking the Fill out the document button,

the tabular part will be generated automatically.

Let's look at the wiring. The program automatically recovers VAT by analyzing the advance amount and subsequent shipments. In our case, the delivery is less than the advance payments paid, we restore the amount in an amount equal to the shipment received from the supplier.

Example 2.

In the 4th quarter, on the received batch of materials from example 1, VAT should be restored from the amount of 40,000 rubles, the estimated amount of VAT is 7,200 rubles.

In this case, the program cannot automatically determine in what period and volume the VAT should be restored. Therefore, we create the corresponding VAT Restoration document.

It is in the section

Click the Create

From the list of options, select a document for VAT restoration.

To prevent VAT from getting stuck on account 19, it must be written off. A document can be created based on receipt.

By default, the entire receipt amount is offered for adjustment; we should adjust it.

On the Write-off account

indicate the account 91.02.

Please note the meaning of the expense guide. Here you can set the parameter whether expenses are accepted as expenses for the purpose of calculating income tax or not.

If accepted, the postings will be as follows:

Another common example that many businesses may encounter is a change in the supply amount due to an adjustment in price and/or quantity of items shipped, which may result in the need to recover VAT. Such operations lead to the appearance of adjustment invoices, the procedure for reflecting which we will discuss in detail in another article.

An amateur's cheat sheet regarding filing a VAT return (quarterly). What should you immediately remember to watch in the next quarter?

76av in the balance sheet as it closes

, making postings: Dt 62 Kt 51 - refund of advance payment. Dt 68 Kt 76 - acceptance of VAT on advances received for deduction.

• Reflects VAT for deduction in the purchase ledger. • Fills out line 120 of section 3 of the VAT return. Option for selling previously paid goods and materials • The seller accepts VAT on the advance received for deduction (clause

8 tbsp. 171 of the Tax Code of the Russian Federation), making entries: Dt 62 Kt 90 - proceeds from sales received. Dt 90 Kt 68 - VAT is charged on sales. Dt 68 Kt 76 - VAT on advances received is deducted. • Shows the VAT deduction for advances received in the purchase book with the invoice number that was issued by the seller upon receipt of the advance.

• Fills out a declaration in which he enters a deduction in line 170 of section 3. Tax authorities believe that VAT is charged on the advance payment received in any case, even if the periods of receiving the advance payment and the sale coincide (letter of the Federal Tax Service of Russia No. ED-4-3/11684).

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In addition, according to sub. 3 p.

What do some accountants and auditors disagree with?

Since the Recommendations of financiers are recommendations, and not a mandatory regulatory document, the private opinion of agency specialists set out in them is not always shared by representatives of the accounting profession. Although, for example, some software developers have already incorporated the new algorithms proposed by officials into accounting programs. And there are many accountants in Russia who try to listen primarily to the position of officials in order to minimize the likelihood of disagreements with regulatory authorities. But many auditors and accountants did not agree with the position of the Ministry of Finance, considering it not based on the current regulatory framework. After all, the issue of “winding down” VAT is not directly addressed in any regulatory document.

The main counterarguments are as follows.

Firstly, the still valid PBU 4/99 “Accounting statements of an organization” (Approved by Order of the Ministry of Finance of Russia dated 07/06/1999 N 43n), which, among other things, establishes general rules for assessing items of financial statements, contains a number of important requirements:

in the financial statements, offsets between items of assets and liabilities, items of profits and losses are not allowed, except in cases where such offset is provided for by the relevant PBUs (clause 34);
the rules for evaluating individual items of financial statements are established by the relevant accounting provisions (clause 36);
items in the financial statements prepared for the reporting year must be confirmed by the results of the inventory of assets and liabilities (clause 38).

On the intricacies of assessing debts on advances received and issued, as well as on the possibility or obligation of offsetting receivables and payables generated in accounting in the corresponding subaccounts of accounts 60, 62 and 76 - based on the currently used methodology for accounting for VAT on advances - nothing one PBU does not say. And during the inventory of payments (accounts receivable and payable) and during mutual reconciliation with counterparties, the full amounts of debts, including VAT, are certainly revealed - they are what appear in the primary documents.

Secondly, in the special norm of clause 73 of the Regulations on accounting and financial reporting (Approved by Order of the Ministry of Finance of Russia dated July 29, 1998 N 34n), dedicated to the specifics of reflecting settlements with debtors and creditors in financial statements, it is clarified that each of the parties must show those amounts that follow from accounting records and are recognized as correct. And from the accounting records discussed above, in fact, it follows that various types of debts arise in different accounting accounts:

accounts payable to buyers and customers for received advances and prepayments (including VAT) - on account 62;
accounts receivable from suppliers and contractors for advances and prepayments transferred to them (also including VAT) - on account 60;
as well as, respectively, receivables and payables of the budget for VAT from advances formed based on the specifics of tax legislation, on account 76.

Moreover, the last type of “debt” is essentially similar to deferred tax assets and liabilities formed within the framework of PBU 18/02 “Accounting for calculations of corporate income tax” (Approved by Order of the Ministry of Finance of Russia dated November 19, 2002 N 114n).

Thirdly, curtailing VAT is illogical if you look at the problem from the perspective of civil legislation. After all, the debt of the organization that received the advance payment to its buyer, who paid it, exists in the full amount of the funds received (or the full value of other property received as an advance payment). And if, for example, for some reason the contract is not fulfilled and upon termination the seller returns to the buyer the previously received advance payment, he must again return the entire amount, including the VAT included in the advance payment. And the buyer does not care at all that the seller may have already sent part of this money to the budget by paying VAT on the advance received. Moreover, the buyer may not be a VAT payer (accordingly, may not have the right to deduct at all) or simply not exercise the right to claim VAT on the advance payment for deduction.

Therefore, shouldn’t an organization show in its balance sheet the debts of its suppliers and contractors for advances paid to them and its debts to buyers and customers for advances received from them in full, including VAT, in order to reliably reflect the entire volume of existing obligations of the parties?

Fourthly, we should once again return to the question that the debts listed on accounts 60 - 62 and on account 76 are essentially different. If on accounts 60 and 62 we are talking about mutual debts of counterparties (buyer and supplier, customer and contractor), then on account 76, in terms of reflecting VAT amounts from advances, we are actually talking about the debt of the budget, not the counterparties.

For example, if an organization received an advance from the buyer in the first quarter, and in the third quarter the contract is terminated and the advance is returned to the buyer (and no other taxable transactions are carried out for the entire year), based on the norms of civil and tax legislation:

in the first quarter, upon receipt of an advance, VAT is charged;
in the second quarter, this VAT is paid to the budget (1/3 by the 20th day of each month);
in the third quarter, in connection with the termination of the contract and the return of the advance, the organization claims the amount of tax already paid for deduction;
and if there are no other accrued VAT amounts, the declaration submitted based on the results of the third quarter reflects the tax “for reimbursement” and a real budget receivable is formed to the organization (already in account 68), and this amount must be returned (reimbursed) or offset ( against upcoming VAT payments or to pay off debts on other taxes) in the prescribed manner.

And finally, fifthly, the reduction of VAT does not fall under other requirements for the assessment of reporting items given in PBU 4/99.

For example, according to paragraph 35 of PBU 4/99, the balance sheet must include numerical indicators in a net estimate, that is, minus regulatory values, which must be disclosed in the notes to the balance sheet and profit and loss statement. Actually, no one argues with this. But the amounts of VAT on advances received and paid are definitely not regulatory values, such as, for example, a reserve for doubtful debts. And despite the fact that clause 32 of PBU 4/99 requires ensuring compliance with all assumptions and requirements when assessing items in the financial statements, the assumption of going concern, which financiers rely on in their Recommendations, does not directly speak of the need or possibility of eliminating VAT from advances . As, by the way, in the IFRS system, the issues of accounting for advances are not addressed there at all.

Further, since paragraph 33 of PBU 4/99 establishes a natural requirement that balance sheet data must be comparable, if the organization decides to follow the Recommendations, the accountant will not only have to “clear” from VAT the received and issued advances on as of 12/31/2012, but also to revise the amounts of receivables and payables, as well as other current assets and short-term liabilities as of 12/31/2010 and 12/31/2011.

Let us make a special reservation that the position of officials in no way affects the accounting procedure for advances (prepayments) and VAT on them, nothing changes here. We are talking only about the procedure for presenting information in the balance sheet - in a collapsed form (advances minus VAT), which will lead to a decrease in the balance sheet currency, or in an expanded form - reflecting the full amount of debt for settlements with counterparties for advances received and issued and also with inclusion in the balance sheet of amounts of “suspended” VAT on advances (as a rule, as other current assets and other short-term liabilities).

And, of course, no one says that those who are not payers of this tax and have an exemption, as well as those who do not enjoy the right to apply VAT deduction when transferring advances and prepayments, are required to reduce VAT. The question of this only arises in cases where the taxpayer actually charged VAT on advances (in terms of accounts payable) and applied deductions on advances paid (in terms of accounts receivable).

How to reflect VAT in financial statements?

The “input” tax is determined in account 19 “Value added tax on acquired assets” and can subsequently be accepted (again, by the VAT payer) for deduction (in accounting this is reflected by posting Debit 68-VAT Credit 19). But to acquire the right to a tax deduction, you must comply with certain articles.

171 and 172 of the Tax Code of the Russian Federation conditions:

the purpose of the purchase for activities subject to VAT;
capitalization of the acquisition;
availability of an invoice issued by the counterparty in accordance with Art. 169 of the Tax Code of the Russian Federation.

If acquired material assets (work performed, services provided) will be used in activities not subject to VAT, the “input” VAT on them is written off to cost accounts or included in the cost of the property.

Thus, it is quite likely that there is no balance on account 19 on the last day of the reporting period. Then line 1220

“Value added tax on acquired assets”

is not filled in (a dash is placed in it).

Conditions for deducting tax on advances issued

When calculating the tax on the advance payment received, the seller issues an invoice for it and sends 1 copy of it to the buyer. Based on this document, the buyer has the right to take into account the amount of tax allocated in it as deductions (clause 12 of article 171 of the Tax Code of the Russian Federation). Although he may not do this, since deductions are not an obligation, but are made voluntarily (clause 1 of Article 171 of the Tax Code of the Russian Federation). It is better to consolidate the taxpayer’s position regarding deductions for advances issued (whether they will be applied or not) in some document (for example, in the VAT accounting policy).

However, these 2 circumstances (payment and invoice) are not enough for the buyer to deduct it. Additional conditions for carrying out such an operation follow from other provisions of the Tax Code of the Russian Federation:

a condition on the possibility of transferring an advance payment must be included in the supply agreement (clause 9 of Article 172 of the Tax Code of the Russian Federation);
The invoice for the advance payment must be dated within the 5-day period allotted for issuing such documents (clause 3 of Article 168 of the Tax Code of the Russian Federation), and have all the required details for it (clause 5.1 of Article 169 of the Tax Code of the Russian Federation).

Acceptance of deductions from the buyer will be reflected in the following posting (for each individual document):

Dt 68/2 Kt 76/VA,

How is VAT reflected in the balance sheet?

Based on the same reasoning (calculations occur during the year), line 1520 is located in the “Short-term liabilities” section of the balance sheet liability. There are certain features of reflecting tax for each of these lines. To exercise the right to deduction, a number of conditions must be simultaneously met:

the cost of acquired assets is reflected in accounting;
the acquired assets are intended for the type of activity that is subject to VAT;
there is a correctly issued invoice from the supplier.

For many organizations, account 19 is reset to zero at the end of the year, and in this case a dash is added to line 1220 of the balance sheet.

Line 1220 “VAT on acquired assets” Line 1220 reflects the amount of tax that the company will be able to claim for deduction in the future. The remaining value (debit balance) for account 19 is transferred to this balance line.

Account balance

Why, when preparing financial statements for 2012, the balance of account 76AB and 76BA began to be taken into account in lines 1230 and 1520 of the balance sheet?

In Section II “Separate Issues of Preparation of Financial Statements” in accordance with the subsection “Evaluation of debt for advances paid (received)”: “... in the case of an organization transferring payment, partial payment for upcoming deliveries of goods (performance of work, provision of services , transfer of property rights), accounts receivable are reflected in the balance sheet as assessed minus the amount of value added tax subject to deduction (accepted for deduction) in accordance with tax legislation.” Users of ITS versions of PROF can receive free consultations from auditors on accounting and taxation issues, as well as consultations from labor law specialists on personnel issues.

You can send your questions to .

The letter must indicate the registration number of the program for which the 1C:ITS contract is issued and describe in detail the situation requiring consultation.

What does this actually mean?

The point of the financiers’ proposal is to “collapse” the amounts of advances and prepayments and the VAT amounts related to them. In other words, subtract from the balance of received (“unprocessed”) advances and prepayments the corresponding VAT that was charged on these receipts in order to obtain “net” accounts payable in terms of received advances and prepayments. And in the same way, deduct from the amount of advances and prepayments the VAT that is claimed for deduction if the organization uses this right. Simply put, we are talking about partially “collapsing” the balance on accounts 60, 62 and 76 (according to the corresponding sub-accounts). In fact, in terms of advances and prepayments received, the effect will be the same as in the 90s, when VAT on advances was calculated directly from the debit of account 64, as already described above.

Of course, such a collapse will definitely lead to a decrease in the balance sheet currency.

Example 2. Let's continue to look at example 1 and pay attention to how the balance sheet might look, taking into account the position of the Ministry of Finance.

When reflecting accounts receivable in the form of paid advances and prepayments, you need to reduce their amount (account balance 60-2) by the corresponding amount of VAT reflected in account 76-6. Accordingly, when forming accounts payable in terms of advances and prepayments received, it is necessary to subtract from the credit balance of account 62-2 the debit balance of account 76-5, that is, the amount of VAT accrued on these advances and prepayments.

As a result, when compiling the balance sheet as of the reporting date (December 31, 2012), according to the rules proposed by the Ministry of Finance, the following indicators will be formed:

1. In the balance sheet assets:

1.1. Accounts receivable (line 1230) - debt of suppliers and contractors for advances and prepayments transferred to them, excluding VAT - 80 thousand rubles.

1.2. Cash (line 1250) - 112 thousand rubles.

1.3. The total balance sheet asset currency is 192 thousand rubles.

2. In the liabilities side of the balance sheet:

2.1. Authorized capital (line 1310) - 50 thousand rubles.

2.2. Accounts payable (line 1520) - 142 thousand rubles, including:

debt to buyers and customers for advances and prepayments received - 140 thousand rubles;
debt to the budget for VAT - 2 thousand rubles.

2.3. The total liability currency of the balance sheet is 192 thousand rubles.

As we can see, there is a decrease in the balance sheet currency (in example 1 it was 218 thousand rubles) due to the “collapse” of the amounts of advances and VAT related to them.

Comparability of indicators

The balance sheet indicators for the reporting period and the two previous years must be comparable. That is, they must be formed according to the same rules. Incomparability of indicators may arise if significant errors from previous years were identified in the reporting period and (or) the organization’s accounting policies changed. In this case, in the Balance Sheet for the current period, last year’s indicators will have to be adjusted based on the current conditions. But the balance sheets themselves for previous periods do not need to be corrected.

Information about the adjusted indicators is reflected in the Explanations to the Balance Sheet and the Statement of Financial Results. This procedure follows from Part 1 of Article 13 of the Law of December 6, 2011 No. 402-FZ, paragraphs 10, 33 PBU 4/99 and paragraphs 14, 15 PBU 1/2008.

Filling procedure

According to the procedure for filling out a balance sheet, first indicate the reporting date for which you are preparing the balance sheet. For example, if the balance sheet is drawn up for 2015, then the reporting date is December 31, 2015.

Then enter the full name of the organization in the same way as it appears in the constituent documents (in the charter).

In the “By OKPO” field, enter the code in accordance with the classifier of enterprises and organizations.

Please enter your Taxpayer Identification Number (TIN) in the line below. You can view it in the registration notice issued by the Federal Tax Service upon registration.

Enter the type of economic activity in accordance with the classifier approved by order of Rostekhregulirovaniya dated November 22, 2007 No. 329-st.

Next, enter the legal form, form of ownership and their codes. Determine the OKOPF code using the classifier approved by order of Rosstandart dated October 16, 2012 No. 505-st. Determine the OKFS code using the classifier approved by Decree of the State Standard of Russia of March 30, 1999 No. 97.

Enter the unit of measurement. Indicate the value of property and the sources of its formation either in thousands or millions of rubles without decimal places (Appendix No. 1 to Order of the Ministry of Finance dated July 2, 2010 No. 66n). These units of measurement correspond to OKEI codes 384 and 385, respectively. These codes are given in the classifier approved by Decree of the State Standard of Russia dated December 26, 1994 No. 366.

Indicate the address of the organization, the one that is stated in the charter and recorded in the Unified State Register of Legal Entities.

In the “Explanations” column, reflect the number from the explanatory note that corresponds to the line of explanation. This column is filled in only at the end of the year.

When depositing salary

Payments to employees regarding wages are reflected in passive account 70. However, a situation may arise when the employee did not receive the money in a timely manner. What should the organization do in this case? The salary accrued to 70 accounts, but not received by the employee, will be reflected on the account. 76.04 “Calculations for deposited wages.” Until the employee receives a salary or the statute of limitations expires, its amount will be fixed at 76 accounts.

The deposit of wages is reflected by the posting:

Dt 70 Kt 76.04

After this, the unpaid salary will be returned to the current account until received.

Closing the account 76.04 can be reflected by the following entries:

Dt 76.04 Kt 50 – issuance of previously deposited wages.
Dt 76.04 Kt 91.01 – unclaimed salary is included in other income.

To reflect the amount in 1C 8.3, you must select the “Operations” tab – “Operations entered manually.”

For companies on OSNO using the accrual method, the amount of deposited salary attributed to other income will be taken into account as part of non-operating income when calculating income tax.

What does account 76av debit balance mean?

but the question is:

Why the hell did the amounts for 2011 change?

example: we take accounting records in the current database and create it for 2011. We get a balance sheet with the same amounts.

We take the same accounting records in the same database and create them for 2012, and in the 2011 and 2010 columns we get amounts that differ from the balance sheet for 2011, precisely by the amounts of these same 76AB.

Actually the question is: is it so correct or what the hell?

To detect errors, a programmer must have a mind that enjoys finding flaws where beauty and perfection seemed to reign. Frederick Brooks Jr.

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Of course, first we get all the documents from all suppliers and buyers. For 60, in the context of contracts (invoices), we deal with suppliers. For 63, also in the context of agreements (accounts), we deal with buyers.

Cheat sheet, the main thing regarding VAT (so that you don’t forget to look right away in the next quarter:

Data to be filled in

Fill out the balance sheet based on the account balances as of the reporting date, as well as at the end of the two previous years. For example, in the balance sheet for the first quarter of 2021 it will be necessary to reflect account balances as of March 31, 2021, December 31, 2015 and December 31, 2014.

Situation: is it necessary to fill out indicators for the two previous years in the balance sheet if a reorganization in the form of transformation took place in the reporting year?

No no need.

In the situation under consideration, the period from the date of state registration of the legal successor to December 31 of the year in which the reorganization took place will be the first reporting period. This is provided for in paragraph 5 of Article 16 of the Law of December 6, 2011 No. 402-FZ. And in the balance sheet for the first reporting year, the columns with indicators for previous years are not filled in. This is stated in paragraph 10 of PBU 4/99, paragraph 35 of the Regulations on Accounting and Reporting.

Also, on the date of state registration, the legal successor must draw up an opening balance sheet (clause 6 of Article 16 of the Law of December 6, 2011 No. 402-FZ). This balance actually reflects the opening balance of the newly created organization. The organization draws up the opening balance sheet based on the indicators of the final accounting statements of the reorganized legal entity. The opening balance sheet of the newly created organization is formed by transferring this data (clause 43 of the Methodological Recommendations, approved by Order of the Ministry of Finance of Russia dated May 20, 2003 No. 44n).

Before drawing up a balance sheet, check, first, whether all business transactions for the reporting period are reflected in the accounts. And, secondly, are the turnovers on synthetic and analytical accounts formed correctly? After all, the balance sheet must reflect complete and reliable information about the assets and liabilities of the organization.

In addition, at the end of the year, it is necessary to carry out a reformation of the balance sheet, as well as an inventory of the organization’s property and liabilities (clause 38 of PBU 4/99, clause 27 of the Regulations on Accounting and Reporting).

The table will help you correctly formulate the Balance Sheet indicators.

For information on how to prepare a Balance Sheet for a small business, see Procedure for Completing a Balance Sheet for a Small Business.

Buyers 62.01 62.02

62.01 K remainder = 0 62.02 D remainder = 0

do not forget to create sales ledger entries and create purchase ledger

Search in " VAT reporting"

". I have a document created by 1C itself once at the end of the quarter.

This is where interesting moments arise in accounting. In fact, VAT from the buyer’s advance payment falls into the document “formation of the purchase book”. This is how things are - it’s like you’re buying VAT.

don't forget to make a count. in advance to buyers!

1C can do this automatically. Search in " VAT reporting"

«.

76.AB K balance = 0 Remember balance debit 76.AB = 62.2*0.18/1.18.

Note: during the transition from 18% to 20%, this formula will not work.

Rounding of indicators

Prepare financial statements in thousands or millions of rubles without decimal places. That is, all numerical indicators must be rounded to whole decimal places.

Rules for rounding reporting indicators are not prescribed by law. Therefore, an organization can establish them independently in its accounting policies for accounting purposes.

The best way is to round according to the rules established for calculating taxes. They are spelled out in paragraph 6 of Article 52 of the Tax Code of the Russian Federation. This norm provides that amounts less than 50 kopecks are discarded, and indicators valued at 50 kopecks or more are rounded up to the full ruble. This method is consistent with the rules of arithmetic.

For example, when compiling a balance in thousands of rubles, the balance on the subaccount “Additional capital (without revaluation)” of account 83, equal to 5,678,300 rubles, is reflected in section III of the balance sheet on line 1350 in the amount of 5678. If the balance on this subaccount is 5,678 629 rubles, then in section III of the balance sheet on line 1350 you need to indicate 5679.

The amount of debt is immaterial

In such circumstances, reflect the prepayment transferred to the supplier on line 1190 (for advances related to the acquisition of non-current assets, for example, construction or purchase of a building) or line 1230 (for other advances). In both cases, minus VAT, which can be deducted (or has already been deducted).

Essentially the same procedure applies to prepayment received from the buyer. Reflect it on line 1450 (for long-term advances) or line 1520 (for short-term advances) minus VAT, which is due to the budget.

How to fill line 1450

In order to fill out line 1450, you need to decide which immaterial obligations can be classified as long-term. These may include accounts payable:

To reflect accounts payable in the balance sheet, a specially designated line 1420 is provided. But this line should only show short-term debt. Therefore, settlements with creditors, which may be long-term (provided they are not significant), are taken into account among other obligations. Arrears that are considered long-term:

Deferment or installment plan for the payment of taxes, fees, and insurance premiums.
Investment tax credit.
Restructuring of debts to funds.
Debts on commercial loans.
Obligation to the investor if the debtor is a developer.

Note from the author! Significant long-term liabilities should be shown as a separate line item. If it is not provided in form No. 1, then you need to add it yourself.

To decipher balance sheet data, enterprises use Explanations, which are drawn up in Appendix No. 3 to Order No. 66n of the Ministry of Finance of Russia. The composition of line 1450 can be partially deciphered in table 5.3 “Presence and movement of accounts payable” in terms of long-term liabilities.

These obligations are not subject to financial analysis due to their insignificance. You can only analyze their ratio in comparison with other items in the balance sheet section. This is possible with the following formula:

Line 1450 / sum of lines of section IV * 100.
Row 1550 / sum of rows of section V * 100.

This way you can see the percentage of other liabilities compared to other items. At the same time, this helps to find out whether the indicated indicators really comply with the level of insignificance.

The company needs to show all its amounts in the report, disclosing financial information as much as possible, so even the most insignificant figures must be taken into account.