How To Write Off Sales Expenses

Table of contents:

How To Write Off Sales Expenses
How To Write Off Sales Expenses

Video: How To Write Off Sales Expenses

Video: How To Write Off Sales Expenses
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Sales expenses are reflected in the balance sheet account 44 and summarize information about expenses that are associated with the sale of products, works and services. On the debit of account 44, the amount of the company's expenses is accumulated, which need to be written off in full or in part.

How to write off sales expenses
How to write off sales expenses

Instructions

Step 1

Read the Accounting Regulations PBU 10/99 "Organization Expenses" as amended on January 1, 2011, which establishes the procedure for writing off sales expenses. According to the resolution, the accumulated amount is written off at the end of the reporting period, and part of the expenses that fall on the cost of goods sold is also written off.

Step 2

Allocate, in case of partial write-off, the costs of transportation and packaging of products in the enterprise engaged in industrial, commercial, manufacturing or intermediary activities. Organizations engaged in the procurement and processing of agricultural products write off the debit expenses on account 15 "Procurement and acquisition of material assets", as well as on account 11 "Animals for fattening and growing".

Step 3

Apply the method of writing off sales expenses established by the accounting policy for accounting purposes only. When forming financial results for taxation, organizations should be guided in accordance with clause 2.3 of Instruction No. 62 by industry recommendations, which are regulated by the Ministry of Economic Development and the Ministry of Finance of the Russian Federation.

Step 4

Write off the amount of distribution costs from the goods sold to the debit of the sales account, except for the amount of interest expenses on bank loans and transportation costs. The balance on account 44 will be equal to the amount of sales expenses that fall on the unsold goods for the reporting period.

Step 5

Calculate the cost of distribution, which is attributable to the end of the month, at the average percentage of sales costs, taking into account the carryover at the beginning of the month. Interest is written off for the use of a loan through the inclusion of funds in the composition of operating expenses and their reflection on account 91.

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