The financial result from the sale of manufactured products is used in accounting to reflect the economic production operations that are aimed at the release and sale of the company's finished products. This value must be determined monthly using documents that can confirm the fact of implementation.
Instructions
Step 1
Open account number 90 (Sales). This will help you analyze all the information about the sold product and in the future determine the value of the financial result. The credit of the account must reflect the amount of proceeds from the sale of goods at selling prices. In turn, on its debit - the production cost of goods sold, the cost of packaging, excise taxes, business expenses, the amount of tax payments, as well as other expenses of the enterprise. The final result on debit should be the value of the actual full cost of commercial products with deductions and taxes, and on credit - the values of the amounts paid by buyers for the product.
Step 2
View the sub-accounts by opening them under the Sales account. They will allow you to reflect the specific components of the value that are used in calculating the financial result. For these purposes, open: "Sales revenue" 90.1 subaccount, "VAT" 90.2 subaccount, 90.3 subaccount "Cost of sales", subaccount 90.4 "Export duties", "Excise" subaccount 90.5, "Sales tax" subaccount 90.6. Then, based on the accounts viewed, create a 90.9 sub-account called Sales Profit / Loss.
Step 3
Calculate the turnover data obtained at the end of the month for the debit and credit of the Sales account. Write off the debit turnovers for 90.2-90.6 subaccounts to credit 90.1 subaccounts. When comparing these values, determine whether the financial result from the sale of the product is positive or negative. Write off the received amount from 90.9 sub-account to 99 account "Profit and loss". After that, account 90 should have no balance at the end of the month, but a debit or credit balance will accumulate on its sub-accounts every month.
Step 4
Close on account 90 all open sub-accounts at the end of the reporting year, except for one sub-account - 90.9. Analyze the data for this sub-account using internal records. Thus, on the 1st day of the next reporting year (January 1), all sub-accounts should have a zero balance. A certain financial result will allow you to assess the ratio between the amounts of income and expenses.
