Lease is a type of transaction in which one party transfers property for temporary use to the other party for a fee. In this case, the providing party is the lessor, and the receiving party is the lessee. Fixed assets are leased out under an agreement, while the lessor does not lose his ownership of the property. This operation must be reflected in both accounting and tax accounting.
It is necessary
- - lease contract;
- - the act of acceptance and delivery of fixed assets (form No. OS-1).
Instructions
Step 1
As a rule, fixed assets are reflected on account 01. In order to be able to keep records of the leased property, open a subaccount “Property leased” to the “Fixed assets” account.
Step 2
After the conclusion of the contract, draw up an act of acceptance and transfer of the fixed asset. Please note that the inventory number of this object is retained even by the tenant. On the inventory card, you must make a note that the fixed asset is leased out. In order to reflect the transfer of this property for lease, it is necessary to make an entry in the accounting: D01 "Fixed assets" subaccount "Property leased" K01 "Fixed assets".
Step 3
Remember that you must depreciate the leased asset on a monthly basis. The basis for this is the accounting reference-calculation. To reflect these transactions in accounting, make an entry: D91 "Other income and expenses" K02 "Depreciation of fixed assets".
Step 4
In the event that it is necessary to carry out a major overhaul of the leased property, this is taken into account as follows: D91 "Other income and expenses" K10 "Materials", 70 "Payments with personnel for wages", 69 "Payments for social insurance and security", 23 "Auxiliary production", 60 "Settlements with suppliers and contractors."
Step 5
To reflect the relationship with the tenant, use the active-passive account 76. The basis for calculating the rent will be such documents as an agreement, an act for the services rendered. Reflect it this way: D76 "Settlements with various debtors and creditors" K91 "Other income and expenses" - a fee was charged under a lease agreement.
Step 6
On the basis of payment documents (statement from the current account, payment order), make an entry: D51 "Current account" K76 "Settlements with various debtors and creditors" - payment has been received under the lease agreement.
