Offsetting is possible in the presence of counter monetary claims from both parties, the due date of which has come. Such claims must be recognized by the parties and must be indisputable. Offset is common in relations between organizations and entrepreneurs. For individuals, there are a number of restrictions, for example, it is inadmissible to offset alimony, payments for compensation for harm to health. For offsetting:
Instructions
Step 1
Conduct a reconciliation of mutual settlements for all obligations (it is reasonable to make separate reconciliation statements under different agreements), display the final balance for each. This is necessary in order to determine under which contracts and in what part the relationship has been terminated.
Step 2
Exchange with the counterparty the originals of the reconciliation acts. Acts must be signed by authorized representatives of the parties (manager, chief accountant), certified by the seal of the organization.
Step 3
Send the other party a unilateral notification of the offset (his consent is not required). If the amounts of mutual obligations are not the same, the offset is carried out for a lower amount.
Step 4
In difficult cases, conclude an agreement on the completion of the fulfillment of mutual obligations by registering an offset of counterclaims. The form of the agreement can be viewed in the ATP Consultant Plus.
Step 5
To complete the procedure, complete the accounting entries. Once set off, the obligations are considered terminated.
