Lease transactions represent a problem area in accounting practice. The fact is that there are many disputes over whether the leasing of premises is related to the sale of services, and how to properly document lease transactions. The order of reflection of this transaction also depends on whether the enterprise is a lessee or a lessor.
Instructions
Step 1
Record as sales revenue the rent that comes from the lease of the premises. The amount of rent that is due to be received is reflected by opening a loan on subaccount 1 "Revenue" of account 90 "Sales" and a debit on account 62 "Settlements with customers and buyers". Charge VAT on the rental of premises on the basis of the issued invoice by forming a loan on subaccount 68 "Calculations for VAT" and a debit on subaccounts 90.3 "Sales. VAT".
Step 2
Write off the lessor's expenses to the credit of account 26 "General business expenses" in correspondence with account 90. Calculate VAT on expenses incurred and refer it to tax deductions by opening a credit on account 19 "VAT on purchased values" and a debit on subaccount 68 "Calculations for VAT". After the tenant pays the rent for the premises, it is necessary to form a credit on account 62 and a debit on account 50 "Cashier" or account 51 "Settlement accounts", depending on the method of payment.
Step 3
Include rent as unrealized income. In this case, the amount of the rent will be reflected in the debit of account 62 and credit of account 91.1 "Other income". The VAT charged on the operation and the lessor's expenses are written off to the debit of account 91.1 "Other expenses" in correspondence with the corresponding account. Receipt of rent is carried out on accounts 62, 50 and 51.
Step 4
Take into account the one-time payment for the lease of the premises for the entire period of the agreement on account 98 "Deferred income". The prepayment is reflected on the credit of account 62 and the debit of account 51. After that, an accountant's certificate is drawn up, in which the prepayment relates to deferred income. These amounts are written off according to the debit of account 98.
Step 5
Pay rent, if you are a tenant, on account 97 "Deferred expenses" and account 20 "Basic production".
