The annual balance sheet is compiled on the basis of accounting calculations, balance sheet data for the previous period and inventory. Each item, in conjunction with the rest, should reflect real data, which is achieved using uniform principles of valuation and accounting. If these conditions are not met, then the data may be reflected incorrectly and drawing up a balance will be a waste of time, since it will not converge in the end.
It is necessary
Take inventory, adjust and close the year
Instructions
Step 1
Before compiling the annual balance sheet, it is necessary to close the year in accounting after all financial and business transactions are fully reflected, as well as taxes have been calculated and the financial result of the last month has been displayed. Closing the year comes down to a reformation, which consists in the reset of some accounts and the mandatory closure of financial performance and sales accounts. These accounts include: account "Sales" No. 90, account "Other income and expenses" No. 91, account "Profit and loss" No. 99. Before closing these accounts, the balances are checked and possible errors are identified that should be corrected with adjustments as of the last reporting date. And only then can the annual balance be drawn up.
Step 2
Indicators on individual income, expenses, business transactions and liabilities are shown separately, if they are significant. The same indicators can be given as a total if each of them is of no value to persons interested in the financial position and financial results of the enterprise.
Step 3
All assets and liabilities are presented on a maturity basis for non-current and short-term assets. The annual balance sheet is filled in in thousand rubles, rounding is done in each line. That is, first the sum of balances for all accounts is calculated, and then each amount is divided by 1000. The date of the annual balance sheet must be equal to the date that follows the last date of the reporting period.
Step 4
In the lines where there are no values or they are equal to zero, you need to put a dash. All receivables and payables, as well as other liabilities, the amount of which is expressed in foreign currency and is paid in rubles at the rate established by contractual agreements, or at the official rate is converted into national currency and reflected in the annual balance sheet. In receivables, the amounts for which the limitation period has expired are not taken into account and those debts that cannot be collected are not recognized. These amounts relate to other expenses of the organization.
Step 5
The company is obliged to provide annual reports to each founder or shareholder of the organization.
