From time to time, in the work of certain enterprises, situations occur when, through their fault, transactions and agreements with other companies and public organizations are violated, followed by the imposition of fines. These sanctions must be reflected in the accounting records.
Instructions
Step 1
Reflection of fines in accounting is made depending on their type. There are groups of civil and administrative rights. The first combines sanctions for violation of contractual obligations, and the second - various fines that are collected by state institutions: the traffic police, the Federal Tax Service, Rospotrebnadzor, extra-budgetary funds, etc.
Step 2
Fines for violation of the terms of contracts, according to PBU 10/99 "Organization costs", are reflected in the pair through the accounts of debtors and creditors. Penalties established by the court or recognized by the debtor are referred to as "other financial expenses" of the enterprise. To reflect the corresponding penalties, you need to make entries using accounts 76-2 ("Settlement of claims"), 91-2 "Other expenses", and 51 ("Checking account"). Debit 91-2 and credit 76-2 are used to account for arrears in the payment of fines, and debit 76-2 and credit 51 are used to account for the payment of a fine.
Step 3
Please note that accounting for fines and tax sanctions must be carried out in accordance with the decision to bring the company to administrative responsibility, as well as on a payment or collection order to pay the amount of the fine. Form the corresponding accounting entries using accounts numbered 68, 69, 76, 99 and 51. To reflect the sanctions of the tax and other authorities in the accounting, you must perform operations on debit 99 and credit 68 (69, 76) to record arrears in payment of fines, as well as on debit 68 (69, 76) and credit 51 to account for the payment of the fine already made.
Step 4
In accordance with PBU 18/02 "Accounting for Income Tax Calculations", administrative fines are not taken into account if an indicator of accounting profit is generated. These expenses should not be taken into account when maintaining the income tax report. They are written off at the end of the year as net profit.
