Some organizations buy a variety of printed publications, including writers and books. Of course, like other products, they must be taken into account in accounting and tax accounting. At the same time, accountants may have many questions about the accounting of these transactions.
It is necessary
- - invoice;
- - payment documents (account statements, payment orders).
Instructions
Step 1
You can buy books in two ways: by subscribing to certain publications, or by direct purchases - through a store.
Step 2
Naturally, when buying book editions in the first way, you will pay their cost in advance. In this case, record the amount paid as advances paid. Do it by posting: D60 "Settlements with suppliers and contractors" subaccount "Advances issued" K51 "Current account" or 50 "Cashier".
Step 3
Books can be accounted for in fixed assets, each of which must be shown separately. The basis for the accounting and acceptance of VAT for deduction are invoices. If you did not receive it when you signed up, call the editorial office and ask to put it up.
Step 4
For the convenience of accounting, register the receipt of books in a special table (of free form), which is called the book of accounting of publications. Do not charge amortization on the received fixed assets, write off the entire cost as costs.
Step 5
In accounting, reflect this as follows:
- D08 "Investments in non-current assets" K60 "Settlements with suppliers and contractors" - books received;
- D19 "Value added tax on acquired values" subaccount "Value added tax on the acquisition of fixed assets" K60 "Settlements with suppliers and contractors" - VAT is reflected;
- D60 "Settlements with suppliers and contractors" K60 subaccount "Advances issued" - the prepayment is reflected;
- D68 "Calculations of taxes and fees" subaccount "VAT" K19 "Value added tax on acquired values" - VAT is deducted;
- D01 "Fixed assets" K08 "Investments in non-current assets" - book editions were put into operation;
- D26 "General operating expenses" or 44 "Expenses for sale" К01 "Fixed assets" - the cost of books was written off.
Step 6
In the case when the books were purchased for cash and their cost was paid immediately, it is necessary to make the following entries: D71 "Settlements with accountable persons" K50 "Cashier" - money was issued against the account for the purchase of books. In this case, the issuance of funds must be issued with an expense cash order.
Step 7
Then capitalize the book receipts:
- D08 "Investments in non-current assets" K71 "Settlements with accountable persons";
- D19 "Value added tax on acquired valuables" К71 "Settlements with accountable persons" - the amount of VAT is reflected;
- D01 "Fixed assets" K08 "Investments in non-current assets" - the books were put into operation;
- D26 "General business expenses" K01 "Fixed assets" - the cost of books was written off;
- D68 "Calculations of taxes and fees" subaccount "VAT" K19 "Value added tax on acquired values" - accepted for deduction of VAT.
