How to register products in 2017

According to PBU, goods are inventories that can be sold or bought. These operations take place as part of a contract of sale or another similar document, for example, a supply contract. When purchasing goods by an organization, the accountant must reflect this in accounting.

You will need

• - contract;

• - invoice;

• - waybill.

Instruction manual

1

Before entering any data, check the correctness of the documents confirming the fact of purchase, namely, the bill of lading, invoice and other similar documents that certify the packaging and quality of the purchased goods. After agreeing with all the data you need to put the seal of the organization, the date of acceptance and sign the documents. If any disagreements arise, then in this case a commission is going to be convened, which should consist of financially responsible persons. They recheck the goods and draw up an act containing a complaint against the supplier.

2

Purchased goods are recorded at actual cost, that is, at the amount spent minus VAT. You also need to make the following entry in accounting: D41 "Products" K60 "Settlements with suppliers and contractors". If the goods are purchased for subsequent use for the purpose of procuring products, then they are reflected in account 15 "Procurement and acquisition of material values".

3

If you have purchased goods in the amount of which VAT has been allocated, then in this case you must make an entry: D19 "Value Added Tax on Purchased Values" subaccount 3 "Value Added Tax on Purchased Inventories" K 60.

4

When selling goods, you should consider how much they are sold. According to this, trade is divided into wholesale and retail. In wholesale trade, subaccount 1 “Goods in warehouses” is opened to account 41, and if goods are moved in small batches, then subaccount 2 “Goods in retail trade” goes to the same account. A sub-account 3 "Container under the goods and empty" may also be opened, it is used when it is necessary to take into account the amount of the container.

5

According to PBU, organizations that use retail trade can reflect purchased goods at the selling price, taking into account discounts or margins. In this case, you need to make the following postings: D41.2 K60, and the difference between the purchase price and the retail price is debited using posting D41.2 K42 “Trade margin”. When selling purchased goods, the amount is debited from account 41 to account 90 "Sales".

Accounting Provisions