Some organizations in the course of their economic activities acquire some value from the sums of money received under the loan agreement. As a rule, you have to pay interest for using borrowed money. Of course, such expenses must be reflected in accounting and tax accounting.
Instructions
Step 1
First, it should be noted that the amount of interest is indicated in the loan agreement, that is, the size of the interest rate for the use of funds must be spelled out in the terms of the regulatory document. You can also draw up an interest payment schedule, which will serve as an addition to the contract.
Step 2
If you use borrowed money to purchase fixed assets, but interest is accrued before the receipt of values, then they are included in the actual cost of production. Well, if after, then the amount of interest is included in operating expenses.
Step 3
When accounting for such operations, make the postings:
D51 "Settlement account" or 50 "Cashier" K66 "Settlements on short-term loans and borrowings" or 67 "Settlements on long-term loans and borrowings" - a loan has been received;
Д60 "Settlements with suppliers and contractors" К51 "Settlement account" or 50 "Cashier" - the fixed asset was paid at the expense of borrowed money;
D08 "Investments in non-current assets" К60 "Settlements with suppliers and contractors" - fixed asset has been received;
D19 "Value added tax on acquired values" К60 "Settlements with suppliers and contractors" - "input" VAT is taken into account.
Step 4
If interest is paid before the receipt of the fixed asset, make correspondence of the invoices:
D08 "Investments in non-current assets" К 66 "Settlements on short-term loans and borrowings" or 67 "Settlements on long-term loans and borrowings" subaccount "Interest" - reflected the monthly amount of interest under the loan agreement;
D 66 "Settlements for short-term loans and borrowings" or 67 "Settlements for long-term loans and borrowings" subaccount "Interest" K51 "Settlement account" or 50 "Cashier" - paid monthly interest under the loan agreement.
Step 5
If interest was paid after the purchase of the property, record it as follows:
D91 "Other income and expenses" subaccount "Other expenses" K66 "Settlements on short-term loans and borrowings" or 67 "Settlements on long-term loans and borrowings" subaccount "Interest" - interest accrued under the loan agreement;
D 66 "Settlements on short-term loans and borrowings" or 67 "Settlements on long-term loans and borrowings" subaccount "Interest" K51 "Settlement account" or 50 "Cashier" - reflects the payment of interest under the loan agreement.
Step 6
In tax accounting, consider the interest on the loan agreement as part of non-operating expenses. But keep in mind that it includes only the marginal part (calculate it using the refinancing rate of the Central Bank of Russia).
