In the process of economic activities of organizations, some managers use leased fixed assets. Such assets need to be recorded in both the lessee and the lessor.
Instructions
Step 1
As a rule, a lease means the provision of an object for temporary use without transfer of ownership, which is why fixed assets are reflected on the balance sheet of the lessor. If you are, then you should depreciate monthly. Reflect the amount of deductions on account 02 "Depreciation of fixed assets", to which 91 accounts "Other expenses" are credited. Consider lease payments on account 76 "Settlements with debtors" in correspondence with 91.
Step 2
In the event that you are a tenant, then reflect the rented property on the off-balance sheet account 001. And take into account the amounts of payments under the agreement on account 19 by opening a credited account 76 to it.
Step 3
In the balance sheet (unified form No. 1), reflect the amount of fixed assets on line 120, even if you transferred them to another person under a lease agreement.
Step 4
In the event that you are a lessor, then indicate the transaction on the transfer of objects in the appendix to the balance sheet (unified form No. 5). Write the amount on the second page of the form, and also indicate the amount of depreciation deductions there.
Step 5
In the event that you are a lessee, then also indicate the leased fixed assets in the appendix to the balance sheet, only in the line “Received fixed assets for rent”.
Step 6
In tax accounting, reflect the operations under the lease agreement. If you are a lessor, then include the amount of rent payments in the composition of other operating income, that is, it will increase the amount of tax. If you are a tenant, include payments in production costs, that is, they will reduce the taxable base.