How to write off the goods posting

The need to write off the goods arises after conducting any type of inventory of the property of the enterprise and identifying the presence or absence of expired, defective, lost, taken on samples or own needs of the goods.

Instruction manual

1

Begin by drawing up a draft order of the head of the enterprise to conduct an inventory by the commission, which must include materially responsible persons. Approve the order to conduct an inventory with the head of the enterprise.

2

Conduct together with the commission inspection (inventory) of property and goods of the enterprise. Register the quantitative and qualitative availability of property, goods and the degree of its further suitability. Set the reasons for the unsuitability of property, goods.

3

In case of utilization of goods, be sure to draw up an act of utilization of the goods, fixing the complete disposal (form of the act TORG-15 or TORG-16). For each division of the enterprise, draw up an act for the write-off of goods signed by all members of the inventory commission (Form of act TORG-15 or TORG-16). If you write off the goods of battle, damage or scrap, apply the TORG-15 act, if the write-off of goods with an expired shelf life is the TORG-16 act.

4

Approve the act of writing off the goods. The act is approved by the head of the enterprise or an official appointed by him.

5

Conduct accounting records of operations to write off goods on the basis of inventory acts of inventory items. Include the arisen expenses for carrying out inventory and write-offs in the article "Organization expenses" as a part of operational expenses for the given period.

6

Write off the goods as follows:

- make a record reflecting the value of the identified unsuitable goods (Debit 94 Credit 41);

- indicate the VAT paid earlier, if you make such a decision (Debit 94 Credit 19);

- fix the recovered VAT charged to the budget (Debit 19 Credit 68);

- make a note of the writing off of the unusable goods for other expenses (Debit 91 subaccount 2 "Other expenses" Credit 94).

write-off of goods