Every commercial organization during the whole time of implementation of economic activity is interested in a thorough analysis of the financial results. For the timely monitoring of operating revenues and expenses use multiple accounts: 99, 90, 91. Obtaining reliable information about the structure, dynamics, volume of activity results is only possible with proper reflection of the data in those accounts.
90 “Sale” of the most complex in structure, which gives you the ability to receive and evaluate the intermediate results of activity of the enterprise. It should be noted that means the focus of work, which is spelled out in the statutes. This activity brings a steady financial result, which in sum total is not less than 5-7%, with the possibility of the enterprise to engage in any permitted terms of the law, the type of work. As the main directions can be distinguished:
90 account is used to reflect the total income from the main activity and the costs associated with it.
Account 90 is a synthetic, active-passive, depending on the specific situation of the sub-account. Balance (balance) at the beginning and end of the period he has not, in the balance sheet are not reflected. The main purpose of this account is the definition of a financial (intermediate) result from the enterprise for the current period. The calculated amount is transferred to form the overall profitability or loss of work. The economic result is calculated as the difference between the turnover of the subaccounts. 90 the account has a distinctive feature: it is completely closed only in the process of the reformation of the balance at the end of each calendar year. On the debit side of the account reflects all expenses, loan – the income (revenue).
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To work correctly opened sub-account of account 90 for the following positions:
Each sub-account is filled throughout the year business transactions. The generated turnover at the end of each period is closed for 90/9 and has no intermediate remainder. Economic and financial summary of work for the month is calculated as the difference between turnover on the debit and the total credit turnover on sub-accounts. Depending on the sign of the resulting value held in the subaccount 9, which closes at the expense of 99.
To reflect assets carried at PBU (accounting) 9/99, revenues from main activity created sub-account 90/1. It takes into account the revenue from sales of goods, work performed, goods sold, services, etc. the Amount of earned income used in the loan sub-accounts in correspondence with account 62 "accounts» debit. Can also be used transaction:
The Total turnover on the loan 90/1 is summarized and shows the revenue from sales in the current month, which will further serve to calculate the financial result from core business activities of the company.
Production (full) cost of manufactured products is formed on the accrued accounts and be debited to the account 41, 43, 45, 40. At this price it is taken into account in the finished goods warehouse where it is stored until sale. The sale of goods, products, various services and execution of works any organization incurs additional costs not included in the cost of manufactured products. This type of cost is called commercial costs, which result from the preparation and sale of products. These include by PBU No. 10/99 costs such as advertising, additional packaging, transportation and storage. 90 transactions in this case generates the following:
The commercial enterprise do not form the cost of products purchased for sale assets are recorded at 45 account. When implementing all additional (commercial) the costs are CT 44 “Costs”.
If the company, in accordance with the law, is the payer of excise duty, VAT, sale of works, products, services performed with the inclusion of these tax types in total cost. Considered exposed to pay buyers taxes 90/3, 90/4. In the case of conducting international trade export duty is accounted on the score 90/5. When calculating VAT 90 account offsets when making business transactions, the following transaction:
Likewise, reflect all taxes subject to payment in budgets of various levels.
90 the account is closed in stages, first determine the turnover for the current period for each subaccount. Each transaction closes at 90/9. Account closure 90 is carried out in a certain order, according to the scheme:
In balance sheet account 90 is not reflected on all final rosters need to be checked, perhaps, for the calendar year in error, this account has an open circulation. If such a sum exists, it is necessary to write the corresponding transaction to spend the balance of the reformation before submission of reports. At the same time debited the total value of the account 91 ‘other income and expenses" in the result of the closure of accounts 90 and 91 to 99 is formed the financial result of the organization's work for the current year.
Work for today's accountant involves competent use of specialized programs. Closure of all necessary accounts is automatic when you close the period. The duties of the employee of the accounting Department included a careful inspection of the results of carrying out and reflection of economic operations. The study of trial balance and account analysis will allow you to track the correct sequential closing of the accounts for accurate results. The score of 90 is deducted before the balance sheet it is of great importance for receiving objective information. Therefore the chief accountant of the reformation process of balance is particularly important. It implies not only the correct account closure, but the test of his conduct throughout the period.
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"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."
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