Some companies use fixed assets in the course of their business activities. According to PBU, these are means of labor, the useful life of which exceeds one year. But even during this period, they can fail, or rather break. What then is to be done? Of course, renovate! And for this you will need to correctly reflect the repair of fixed assets in accounting.
Instructions
Step 1
First, determine how you will account for the costs of fixed asset repairs. You can make a one-time write-off, or you can create a reserve fund. Usually, the first option is chosen by those organizations that spend insignificant amounts on repairs, and repairs are carried out relatively rarely. If you periodically renovate objects, choose the second option, so you will avoid increasing the cost of products. After that, be sure to specify the method of accounting for costs in the accounting policy.
Step 2
Repairs can be carried out in an economic and contractual way, that is, with the help of their employees, as well as through other organizations. If you spend in the first way, then one way or another you spend money, for example, to buy materials, spare parts, to pay the personnel involved in the repair. In this case, compose the correspondence of the invoices:
D20, 25, 26 or 44 K10, 60, 76, 79, etc.
These transactions are generated when the repair costs are negligible.
Step 3
But if you are carrying out planned repairs, while spending rather large sums, create a reserve repair fund. First, you need to estimate the cost of repairs, then divide the amount received by the number of months that this fixed asset has been used. Record these monthly installments by posting:
D20, 25, 26, 44 K96.
Step 4
After the fixed asset has been transferred for repair, write off the repair amount from the credit of account 96 "Reserves for future expenses" in debit 10, 60, 76, etc. If the amount exceeds the size of the repair fund, write it off from account 97.
Step 5
To reflect the repair of fixed assets, you need to have an acceptance certificate for the repaired OS. At the same time, in order to transfer this object for restoration work, you must draw up an order for repair, a defective statement (form No. OS-16) and a schedule for repair work. In turn, the primary documents when accounting for repair costs are acts, checks, invoices, payroll and others. In the event that other organizations were involved in the repair, you need to have an agreement, invoices, acts, payment orders.
Step 6
How to reflect the cost of repairs in tax accounting? Consider them in the period in which they were actually carried out, while keeping in mind that the cost of repairs is included in other expenses.
