In the process of carrying out financial and economic activities, some heads of enterprises purchase materials. Thus, stocks of material assets are formed, which must be taken into account in accounting.
Instructions
Step 1
First of all, appoint a person who will be responsible for the storage, accounting and movement of materials. This employee can be a storekeeper, shop manager or warehouse manager. Be sure to build a chain of transfer of documents to the accounting department. The receipt of valuables must be documented, for example, using a consignment note, invoice, receipt note, etc.
Step 2
Upon receipt of the goods, assign it a stock list number, which will be based on the brand, grade, and name. Write down the procedure for determining the code and approve it in the accounting policy of the organization.
Step 3
You also need to get a material asset registration card. Remember that there is a separate document for each material. Specify the nomenclature number in the special register. Enter here information about the date of receipt, cost, units of measurement. Enter the details of the accompanying document.
Step 4
In accounting, make the entries: D10 K60 - the receipt of materials to the warehouse from the supplier is reflected; D19 K60 - the input VAT is reflected on the material assets received; D68 K19 - the amount of VAT is accepted for refund; D60 K51 - material assets have been paid.
Step 5
At the end of the month, be sure to reconcile the data of warehouse and accounting, that is, conduct an inventory of material values.
Step 6
When releasing materials to the warehouse, draw up either a limit-fence card (TMF No. M-8), or a consignment note (TMF No. M-11), or an invoice (TMF form). In accounting, make the following entry: D20, 23, 25 or 26 K10 - material assets were released into production.
Step 7
When disposing of materials, draw up either an act of write-off, or write off material assets with an accounting certificate. In the accounting, make up the following correspondences of accounts: D94 K10 - the book value of materials was written off; D20, 23, 25 or 26 K94 - the shortage of values was written off within the limits of natural loss; D73 K94 - the shortage of values was written off to the perpetrators.
