Some heads of organizations in the process of economic activity are faced with off-balance sheet accounts, which contain the information taken into account in the financial statements. Under what circumstances can property, plant and equipment be written off to these accounts?
Instructions
Step 1
Record fixed assets transferred to you under a lease agreement on off-balance account 001, which is called “Leased fixed assets”. To document such an operation, use a lease agreement and an act of acceptance and transfer of fixed assets (unified form No. OS-1). When transferring such objects for rent, they must retain the inventory numbers that were determined by the lessor. Enter the amount based on the accompanying documents given to you by the landlord.
Step 2
If you are a contractor organization (for example, carrying out construction contracts), then take into account the equipment transferred for installation on off-balance sheet account 005. When accepting such equipment, draw up an act of acceptance and transfer of equipment for installation”(unified form No. OS-15).
Step 3
You can also write off fixed assets to an off-balance sheet account when transferring under a lease agreement to another person. For this there is account 011 "Fixed assets leased". The basis for making an entry is the contract and the acceptance certificate. The amount indicated on the off-balance account 011 must correspond to that specified in the lease agreement.
Step 4
If you have low-value fixed assets, then you can take them into account as part of inventories, using an off-balance sheet account (PBU 6/01). To do this, you must draw up a demand invoice (unified form No. M-11).
Step 5
To simplify the accounting of fixed assets, you can create your own off-balance sheet accounts. Be sure to write them down in the accounting policy of the organization. The information that is contained in these accounts, provide in the form of a certificate drawn up to the reporting form No. 1 "Balance sheet". If there are no lines for off-balance accounts in it, add them yourself.
