Some organizations in their work use leased property owned by another company. In general, the concept of "rent" is deciphered as the transfer of property for temporary use for a certain fee. Based on this, it follows that the object remains in the ownership of the lessor. But the lessee must reflect this transaction in the accounting records. To do this, you need to properly arrange the lease.
Instructions
Step 1
Initially, you must draw up a lease agreement in which you will be held as a tenant, and the business that is the owner is a landlord. In this document, indicate the name of the property, the lease term, all the technical data of the object, also write down the inventory number of the fixed asset and the cost, which is very important for further accounting on your balance sheet.
Step 2
After that, write down the amount and term of payment for the rental of property, and indicate the payment procedure, that is, if it is a non-cash payment, then the details for which payment should be made must be indicated. Do not forget to clarify the terms of the lease, for example, who will pay for repairs, installation and other costs. The contract is drawn up in two copies, one of which remains with the lessor, and the second with you.
Step 3
You can also draw up a payment schedule, which will be an annex to the agreement. Reference should be made to this supplement in the main document. Also, the payment amount can be set fixed, that is, simply prescribe the monthly rent.
Step 4
After that, draw up an act of acceptance and transfer of the fixed asset (form No. OS-1). This form should contain such information as the date of receipt of the asset, the date of the last major overhaul, the useful life, the initial and residual amount, the amount of depreciation. When transferring property, this document must be accompanied by all technical documents, for example, certificates, passports, instructions.
Step 5
Reflect the property received under the lease agreement by debit on off-balance sheet account 001. When using the property, make the following entries:
- D20 "Main production", 26 "General business expenses" or 44 "Expenses for sale" К76 "Settlements with various debtors and creditors" - the fee was charged under the lease agreement;
- D19 "Value added tax on acquired values" К76 "Settlements with various debtors and creditors" - VAT charged on rent;
- D68 "Calculations of taxes and fees" subaccount "VAT" K19 "Value added tax on acquired values" - accepted for deduction of VAT on rent;
- Д76 "Settlements with different debtors and creditors" К51 "Current account" or 50 "Cashier" - the fee was charged under the lease agreement.
