An accountant of a commercial enterprise has the right to write off accounts payable only in connection with the expiration of the limitation period. In all other cases, you can get rid of it by agreement with partners or after the liquidation of the creditor organization.
Instructions
Step 1
Conduct an inventory of assets and financial liabilities, during which their presence, condition and assessed value should be checked. Contact the head of the organization in order for him to issue an order approving the composition of the inventory commission.
Step 2
Establish by checking the identity of settlements: - with credit institutions; - with government agencies; - with financial and tax authorities; - with extra-budgetary funds; - with structural divisions of your organization.
Step 3
Determine the correctness and validity of the amount of theft and shortages on the balance sheet of your enterprise. Determine the measures to collect this debt. To do this, you can go to court or resolve the case with employees of your organization in another way.
Step 4
Set, on the basis of the acts provided by the chief accountant, the dates for the occurrence of accounts payable. List the names of the audited accounts in the inventory of settlements (form No. INV-17). Indicate the amounts of the identified agreed and non-agreed accounts payable, including the one for which the statute of limitations has expired. Attach a certificate to the act, where you list the names and addresses of creditors, the amount of debt, the time and conditions for its occurrence, documented. The certificate is drawn up only for synthetic accounting accounts.
Step 5
At the end of the inventory, calculate the total amounts by lines, pages and as a whole for the act. It must be drawn up in duplicate and certified by the signatures of the chairman and members of the commission. Transfer one of the copies to the accounting department to check the inventory totals. The second remains at the disposal of the commission.
Step 6
Write off account liabilities in accordance with the order of the head of your organization with the attribution of accounts payable (including the amount of input VAT) to non-operating income for the reporting period. You will be able to do this only if the limitation period for them has expired, or the creditor organization has been liquidated, and you have a corresponding extract from the Unified State Register of Legal Entities. Reflect the following transactions: - Debit 60, 66, 67, 71, 76 - Credit 91-1 (non-operating income); - Debit 91-1 - Credit 91-9 (profit for the reporting period); - Debit 91-9 - Credit 99 (reflection of the financial result); - Debit 99 - Credit 68 (accrual of income tax).
