At the end of the reporting year, the final turnovers are held to determine the net profit, which is debited to account 84 "Retained earnings". The resulting value is distributed for the payment of dividends, the formation of a reserve capital, an increase in the authorized capital or the repayment of losses.
Instructions
Step 1
Determine the amount of net profit that was formed at the end of the reporting year on account 99 "Profit and Loss". Write off the resulting amount to the credit of account 84 "Retained earnings". Organize a meeting of members, founders or owners of the enterprise, who are obliged to distribute these incomes to specific needs of the enterprise. After the decision is made, a corresponding order is issued, on the basis of which the accountant makes the distribution.
Step 2
Pay dividends. At the same time, it is necessary to check that the amount of net assets for the current reporting year turned out to be less than the size of the reserve or authorized capital. The accrual of interest on the company's shares that belong to legal entities and individuals is reflected in the debit of account 84 and credit of account 75.2 "Settlements with founders". If the dividends belong to the employees of the company, then the credit will contain account 70 “Payroll Payments”.
Step 3
Form a reserve capital of the enterprise, which is intended to cover the loss of the reporting year, redemption of bonds and redemption of own shares. To do this, it is necessary to approve the size of the reserve, which must be at least 5% of the amount of net profit received in the current year. Reflect the formation of the reserve fund on the credit of account 82 in correspondence with account 84.
Step 4
Determine the amount of losses from previous years and pay them off at the expense of retained earnings. To do this, the corresponding amount is debited from the debit of account 84 “Retained earnings” to the credit of account 84 “Uncovered loss”.
Step 5
Increase your authorized capital. This decision is made at the meeting of founders and is formalized by changes in the constituent documents of the enterprise. After the amendments made are registered in the accounting department, the debit of account 84 and the credit of account 80 "Authorized capital" are posted.
