How to keep records in trade

Each organization that sells goods must carry out accounting and tax accounting. This is necessary not only for the report to the inspections, but also for the financial result of economic activity.

Instruction manual

1

First of all, choose a method of accounting for products sold: at selling prices or at purchased prices. But remember that in tax accounting, goods are reflected only using the second method. Fix the chosen method in the accounting policy of the organization.

2

Accounting and tax accounting depends on the chosen taxation system. You can apply UTII (single tax on imputed income), STS (simplified tax system), DOS (general tax system).

3

If you work on the UTII system, submit a declaration in the form of KND 1152016 to the tax inspectorate, report on the FSS and PFR every quarter. At the end of the reporting year, reconcile with the pension fund for payment and charging. Under this taxation system, be sure to keep records of taxes and fees, observe cash discipline and provide statistics to the appropriate authorities.

4

If you decide to use the simplified tax system, select one of the methods of calculating the tax base: income or income reduced by the amount of expenses. In addition to this tax, pay insurance premiums to the FSS and PFR on a quarterly basis. Every quarter, submit a declaration in the form of KND 1152017 to the tax office.

5

Under the general taxation system, keep a record of all transactions, register them in the 1C program. Hand over income tax return, VAT, property tax return. Report to the FSS, PFR.

6

Be sure to keep a book of expenses and income. If you apply VAT, make a monthly sales and purchase book. At the end of the period, number and stitch the magazines.

7

Record the goods on account 90. When selling, write it off from account 41. To take into account the trade margin, use account 42. All operations must be documented, that is, using invoices, waybills and other supporting documents.