Fixed assets are the assets of the organization that serve as a means of labor for the manufacture of products or the performance of any work and services. In accounting, they are reflected on account 01 and serve as the basis for calculating property tax. These fixed assets are depreciated on a monthly basis, that is, the depreciation amount is written off from the original cost. The commissioning of assets is carried out on the basis of an order or instruction of the head of the organization.
It is necessary
- - order of the head of the organization and the introduction of the fixed asset into operation;
- - the act of transfer and acceptance of the fixed asset.
Instructions
Step 1
After the general director has signed the order, you need to draw up an act of acceptance and transfer of fixed assets (form No. OS-1 or No. OS-16). Based on these documents, make changes to the inventory cards (form No. OS-6) or the inventory book (form No. 6b).
Step 2
When purchasing fixed assets that do not require installation, that is, repairs, you need to do the following operations: D08 "Investments in non-current assets" and open subaccount 4 "Purchase of fixed assets" K60 "Settlements with suppliers and contractors" to it.
Step 3
If the delivery was at your expense, then make the following entries: D08.1 K60 "Settlements with suppliers and contractors" or 23 "Auxiliary production".
Step 4
Next, you need to capitalize the commissioning, this can be done by writing: D01 "Fixed assets" K08 "Investments in non-current assets".
Step 5
If you purchased a fixed asset that requires repair, then you need to draw up additional postings: D07 "Equipment for installation" K60 (the amount was charged for equipment), D08 K07 (equipment transferred for repair), D08 K10 "Materials" and 70 "Calculations with the staff on remuneration "(written off the cost of repairs). After these records, it is necessary to put the fixed asset into operation: D01 K08.
Step 6
When entering fixed assets, VAT that was paid to the supplier is recorded on account 19 and serves as a reduction in value added tax.
