How to reflect service postings
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Some employers use the services of third-party organizations in the course of their business activities. As a rule, such work should be related to the production and sale of products, that is, they should be economically justified. These services must be accounted for.
You will need
- documents (invoice, deed, extract from the current account and others).
Instruction manual
1
To reflect this or that service, you will first receive documents confirming that the work has been completed. All documentation must be properly executed. Be sure to conclude an agreement with the company that provides you services.
2
When carrying out work, get a certificate of service. Also, to deduct VAT, an invoice must be issued to it. Develop the act yourself, as Russian law does not approve a unified form.
3
In accounting, on the basis of the act of rendering services, make the following entries: D26 K60 (76) - reflects the amount of expenses (excluding VAT) associated with the received service.
4
Based on the tax document (invoice), reflect the amount of input value added tax, do this using the entry: D19 K60 (76).
5
After making payment to the counterparty for the services rendered on the basis of an extract from the current account and payment order, in accounting, make the following posting: D60 (76) K51. If the payment was made in cash (that is, through the organization’s cash desk), then, based on the expense order, make an entry: D60 (76) K50.
6
Submit a deduction for the amount of value added tax. To do this, make the following entries: D68 sub-account "VAT" K19. Include the amount of VAT in the purchase book, double-check that the document date and number are correct.
7
Write off the costs of the cost of sales, in accounting reflect this as follows: D90 sub-account "Cost of sales" K26.
Useful advice
The costs that were incurred in obtaining services reduce the tax base in calculating income tax. But this can be done if the costs are economically justified and confirmed, that is, they are accompanied by all the necessary documents.
