Leasing is a form of loan acquisition of machinery and equipment under the guarantee of an enterprise for the purpose of growth and expansion In most cases, leasing can turn a good business into a great one. However, it is necessary to reflect the leasing operations in the tax statements - the profitability of the operation largely depends on this.
Instructions
Step 1
There is a visible similarity between leasing and credit (equipment is bought on credit), but there is also a significant difference. For an enterprise, leasing comes with significant tax benefits (as opposed to a direct purchase loan). VAT on leasing is first withheld by the tax, and then returned, subject to correct accounting, submission of all documents and an application for deductions.
Step 2
You can display leasing transactions with a special add-on to the 1C: Accounting program. To do this, in the taskbar, select the "Service" menu, the "Add-ons" tab. Select "1C: Leasing". This third party application is free for users of the official software. Download the add-on and run it.
Step 3
In the 1C: Leasing application, download the existing contracts and payment receipts related to leasing operations. The system will offer you to divide them into categories: "Payment of the principal share", "Interest", "Penalty", "Transactions", "Other". After categorizing, sync the system. To do this, select the "Synchronization with 1C: Accounting" item in the "Service" menu. After that, all the necessary calculations will be automatically performed in the accounting department.
Step 4
To refund VAT on leasing operations, you must write an application for a refund to the tax office. Attach to it the originals of all payments you have and a copy of the main agreement between the bank and the company. You can return the money within ten years from the date of repayment of payments. After the return, you need to keep the originals of payment documents for 4 years.
