Sometimes it happens that an enterprise or its counterparty is not able to fulfill its obligations, which leads to the formation of a certain amount of debt. If an enterprise has receivables or payables, they can be written off from the balance sheet on the basis of the requirements of the Tax Code of the Russian Federation and the conditions of Chapter 12 of the Civil Code of the Russian Federation.
Instructions
Step 1
Determine the limitation period for accounts payable and receivable. In this case, it is necessary to be guided by the provisions of Chapter 12 of the Civil Code of the Russian Federation. According to Chapter 26 of the Civil Code of the Russian Federation and Article 196 of the Civil Code of the Russian Federation, an enterprise can write off a debt only if the limitation period is three years, and the obligation has not been fulfilled. Up to this point, the organization must carry out various measures to collect and repay debts.
Step 2
Organize an order for an inventory of accounts payable and receivable, which is determined by the rules of clause 3.44-3.48 of the Methodological Guidelines for Inventory of Calculations. Draw up an act based on the results of the inventory, for which the form according to the form No. INV-17 is used. If an enterprise is liquidated, then in order to write off accounts receivable, it is necessary to obtain an appropriate act from the state governing body.
Step 3
Issue an order for the enterprise deciding to write off accounts payable and receivable. In this case, it is necessary to refer to the inventory carried out with an indication of the corresponding amounts of debt.
Step 4
Write off accounts payable on the basis of clause 8, clause 10.4 and clause 16 of PBU 9/99. This debt of the enterprise is included in the income of the enterprise and is recognized in accounting at the date of expiration of the limitation period. The write-off is carried out by opening a loan on account 91.1 "Other income" in correspondence with accounts 60, 62 or 76.
Step 5
Use the financial results of the enterprise or the doubtful debt reserve account to write off receivables. In this case, it is necessary to be guided by clause 12, clause 14.3 and clause 18 of PBU 10/99 "Organization's expenses". Write off the debt by opening a debit on account 91.2 "Other expenses" in correspondence with account 62. You can also reflect the debt on account 007 "Written off at a loss debt of insolvent debtors."
