Retail trade postings for the sale of goods. Accounting entries for the sale of goods example

The sale of goods and services is the basis of production and commercial relations of partner enterprises, which is the goal of any business. The accounting treatment of these operations will be discussed in our article.

Account 90: features of sales accounting

This account generates all the information on sales made by the company, and since the sale of goods is a multi-stage process and is split into income and expenses, several functional sub-accounts are opened for it:

90/1 "Revenue";
90/2 "Cost of sales";
90/3 "VAT";
90/4 "Excises";
90/9 Profit/loss on sales.

Other sub-accounts may be opened depending on the industry and the specifics of production. The account works like this: data on cost accounting sub-accounts (90/1, 90/2, 90/3, etc.) are accumulated incrementally throughout the month. Upon its completion, the credit turnover (90/1) is compared with the total value of debit turnovers (90/2, 90/3, etc.) and a total is displayed, which is reflected in the account. 90/9. The profit from the sale is fixed by posting D / t 90/9 K / t 99.

Reverse sale of goods to the supplier: postings

The concept of reverse implementation refers to the return of goods to the supplier. The reasons for it can be, for example, non-compliance with the declared assortment, detection of defects during acceptance, etc. Depending on whether the goods are accepted or not accepted, the accounting for the transaction also differs.

If the delivery is not accepted by the buyer for accounting, then he sends a claim to the seller, and the goods are accounted for on the balance sheet (D / t 002) until the money paid for it is returned (D / t 51 K / t 60). After the return of funds, the buyer returns the goods and materials to the supplier, and the accountant makes an entry - K / t 002.

The seller, in turn, makes the following transactions:

Operations
REVERSAL of sales proceeds by the value of the goods on the returned delivery
STORNO of the cost of goods shipped
STORNO VAT
Buyer Refund

If the goods are taken into account by the buyer, then its return is recorded not on the balance sheet, but on property accounts. Reverse implementation, postings:

The supplier's postings for the sale of goods accepted for accounting by the buyer and subsequently returned will be the same as in those cases when goods and materials were accounted for on the balance sheet.

Accounting for the implementation process In accounting, the implementation of a business transaction is described using the correspondence of accounts. It is already known that the initial position of goods and materials in the warehouse is fixed on 41 accounts. But where do the funds go next, describing the fact of the sale? Regardless of the type of trade and the direction of the enterprise, the implementation process and its results are described by account 90 in accounting. Its sub-accounts are designed to collect information on both the amount of revenue and the amount of VAT, the cost of goods sold and summarizing the overall financial result. Account 90 in accounting is active-passive, in credit they indicate amounts that increase the income of the enterprise, and in debit - the results of expenses. It is here that the sold goods are written off from account 41 and distribution costs (account 44).

Accounting entries for the sale of goods and services

Attention

On the date of full payment: Debit 51 (50) Credit 62 sub-account "Settlements for shipped goods" - full payment received; Debit 62 subaccount "Settlements for shipped goods" Credit 90-1 - reflected the proceeds from the sale of goods; Debit 90-2 Credit 41 - the cost of goods was written off; Debit 62 sub-account "Settlements on advances received" Credit 62 sub-account "Settlements on shipped goods" - the received prepayment is offset; Debit 002 - the goods are accepted for safekeeping. If the organization that sells goods is a VAT payer, charge tax on sales proceeds simultaneously with the recognition of revenue.

VAT accrued from the received prepayment, deduct: Debit 90-3 Credit 68 sub-account "VAT calculations" - VAT accrued on the sale of goods; Debit 68 sub-account "VAT settlements" Credit 76 sub-account "VAT settlements from advances received" - accepted for deduction of VAT accrued from prepayment.

Postings for the sale of goods and services

Important

Imagine typical postings for the sale of goods in the table: Operation Debit account Credit account Reflected the proceeds from the sale of goods 62 “Settlements with buyers and customers” 90, subaccount “Revenue” Written off the cost of goods sold 90, subaccount “Cost of sales” 41 “Goods” VAT accrued from the cost of goods sold 90, sub-account "VAT" 68 "Calculations on taxes and fees" The expenses associated with the sale of goods are written off 90, the sub-account "Expenses for sale" 44 "Expenses for sale" Payment received from buyers for the goods sold 51 "Settlement accounts ”, 52 “Currency accounts”, etc. 62 The presented set of entries assumes that revenue is recognized at the time of shipment of goods. However, a situation is possible when, in accordance with the contract, the ownership of the goods passes to the buyer, for example, at the time of payment.

Postings for the sale of goods and services in accounting

The sale of goods or services is the main source of income for the firm. The reflection of the sale in the accounting occurs either at the time of shipment, or at the time of payment.
Each shipping case involves its own postings. Content

1 Sale of goods
2 Transactions for the sale of goods in wholesale trade
- 2.1 Prepaid
- 2.2 By shipment
3 Retail sale of goods
4 Sales or service transactions
5 Sale in 1C 8.3

Sale of goods Sale of goods is reflected in the debit of account 90 sub-account "Cost" (90.02.1) and Credit 41 of the account, the sub-accounts for which are determined by the type of trade (wholesale / retail, etc.):

Proceeds from the sale of goods are reflected in the Credit of account 90, sub-account "Proceeds" in correspondence with account 62.01.

The sale of goods can be carried out through an intermediary.

Realization of goods: postings. accounting for the sale of goods

If the receipt is processed using selling prices, an additional account 42 is opened, on which the amount of the margin is reflected. What is an implementation? After the acceptance of goods into the warehouse or the release of finished products, the enterprise is interested in earning income as soon as possible in order to continue its activities.

Under the implementation understand the sale of products by concluding an agreement between the parties to the transaction or by retail. The presence of a document regulating the process of implementing the clauses of the agreement between the seller and the buyer is usually characteristic of wholesale trade.

This is the sale of products to other legal entities that plan to use goods and materials for further resale or production needs. The direct sale of works, services or goods implies a retail relationship.

Sale of goods, works, services: how to reflect in accounting

Reflection of the implementation in accounting is made at the time of shipment or at the time of payment. Each type of reflection has its own transactions for the sale of goods and (or) services.

Table of contents

1 Accounting for the sale of goods and services
- 1.1 Implementation in wholesale trade
- 1.2 Retailing
2 Transactions for the sale of goods and services by examples
- 2.1 Example 1: Accounts payable
- 2.2 Example 2: Selling a Product: Retail Transactions
- 2.3 Example 3.
  Service Sales: Postings with Cost Control

Accounting for the sale of goods and services The most common types of sale of goods and services are:

Realization of goods and services - postings at wholesalers;
Sale of goods and services - retail transactions.

Let's take a closer look at each type of implementation.

Accounting for the sale of finished products

Then it is necessary to make postings Debit 45 Credit 41 “Goods in warehouses”. As goods and materials are sold, business records are made on the debit of account 90 “Cost” and the credit of account 45.
When exporting goods, the same postings are made. On the main taxation system, it is necessary to pay VAT on sales. Reflection of the tax is done by posting Debit 90.03 VAT Credit 68.02.

Info

In retail, goods are sold at their selling price. The markup is made on account 42. When selling at the end of the month, you need to make reversal entries:

Debit 90 "Cost" Credit 42.

Postings for the sale of goods in wholesale trade Payment for the goods can usually be made on an advance payment or upon shipment of the goods.

By prepayment Example: The organization, after receiving an advance from the buyer, shipped goods in the amount of 99,500 rubles. (VAT 15,178 rubles).

Accounting - postings on services

Description of the transaction Base document 62.01 90.01.1 53,100 Reflected the amount of proceeds of goods sold Commodity waybill (TORG-12), Invoice issued on 90.03 68.02 8,100 VAT charged on sales 90.02.1 41.01 26,500 Write-off of goods sold from the warehouse at cost 51 62.01 53 100 Buyer's payment for goods sold Bank statement Example 2. Sale of goods: retail transactions Vesna LLC purchased goods in the amount of 50 pcs.

for a total amount of 76,700 rubles, incl.

VAT RUB 11,700 The item was purchased for retail. The goods are transferred to the Store at sale prices. In accordance with the accounting policy, account 43 “Trade margin” is used to record the selling price.

A sales price of 1,820.00 per piece is formed and a trade margin is determined. In the accounting of Vesna LLC, the following entries were made for the sale of goods: Debit account Credit account Amount of the transaction, rub.

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postings

Accounting entries for the sale of goods example

Produced objects are accounted for on account 43 "Finished products". Example LLC "Modern" provides outdoor advertising services.

LLC "Assorti" ordered a banner for the store. The amount under the contract amounted to 38,335 rubles. (including VAT RUB 5,847.71). Postings in the accounting of LLC "Modern":

Dt 51 Kt 62 - 38,335 rubles.
Payment received from Assorti LLC.
Dt 62 Kt 90.1 - 38,335 rubles. - reflected the implementation of services.
Dt 90.3 Kt 68 - 5,847.71 rubles. - allocated VAT.

Materials in the amount of 17,342 rubles were spent on the manufacture of the banner. (excluding VAT). The wages of employees amounted to 8,500 rubles, contributions from the payroll - 2,805 rubles. Wiring:

Dt 20 Kt 10 - 17,432 rubles. - written off materials for the manufacture of the banner;
Dt 20 Kt 70 - 8,500 rubles. - payroll to employees;
Dt 20 Kt 69 - 2,805 rubles.

The form of the act is not contained in the album of unified forms (with the exception of the KS-2 form), it is developed and agreed upon by the parties to the agreement independently, taking into account the conditions of each specific transaction. In this case, the form must contain the mandatory details listed in Art.

9 of the Law "On Accounting" dated December 6, 2011 No. 402-FZ:

Name and date of the document.
The name of the company producing the document.
The name of the work performed, indicating the cost and quantitative characteristics.
Signatures of the parties indicating the positions and names of the signers.

For a sample of filling in the act of acceptance of work performed, see the material "Act of acceptance of work performed - a sample for 2018". The fact of providing services in construction is confirmed by an act in the form of KS-2.

Buch posting sale of goods example

United States) - payment received for goods sold. Methods for writing off the cost of goods Regardless of how the moment of transfer of ownership of goods is determined, the following methods are used to write off the cost of goods in accounting:

at an average cost;

at unit cost.

Such rules are provided for in paragraph 16 of PBU 5/01. The organization can apply different methods of evaluation for different types (groups) of goods.

Fix the decision made in the accounting policy. This follows from paragraph 21 of PBU 5/01. Sales expenses Accounting for sales expenses is kept on account 44 “Sales expenses” (Instructions for the Chart of Accounts).

The sale of goods or services is the main source of income for the firm. The reflection of the sale in the accounting occurs either at the time of shipment, or at the time of payment. Each shipping case involves its own postings.

The sale of goods is reflected in the debit of the sub-account "Cost" () and Credit 41 of the account, the sub-accounts for which are determined by the type of trade (wholesale / retail, etc.):

Proceeds from the sale of goods are reflected in the Credit of account 90 sub-account "Proceeds" in correspondence with the account.

The sale of goods can be carried out through an intermediary. Then it is necessary to make postings Debit 45 Credit 41 “Goods in warehouses”. As goods and materials are sold, business records are made on the debit of account 90 "Cost" and credit. When exporting goods, the same postings are made.

On the main taxation system, it is necessary to pay VAT on sales. Tax reflection is done by posting Debit VAT Credit.

In retail, goods are sold at their selling price. The markup is done by. When implementing at the end of the month, you need to make reversal entries:

Debit 90 "Cost" Credit 42.

Postings for the sale of goods in wholesale trade

Usually it can be made on an advance payment or upon shipment of the goods.

Prepaid

The organization then shipped goods in the amount of 99,500 rubles. (VAT 15,178 rubles).

Wiring:

Account Dt	Account Kt	Wiring Description	Posting amount	A document base
			99 500	bank statement
		Issuing an advance invoice	15 178	Ref. invoice
		Accounted for revenue from or goods	99 500	Packing list
		VAT accrued on sales	15 178	Packing list
		Written off sold goods	64 000	Packing list
		Advance credited	99 500	Packing list
			99 500	Invoice
		Advance VAT deduction	15178	Invoice

By shipment

The organization shipped goods to the buyer in the amount of 32,000 rubles. (VAT 4881 rubles). Payment received after delivery.

Wiring:

Account Dt	Account Kt	Wiring Description	Posting amount	A document base
		Reflected revenue from the sale of goods	32 000	Packing list
		VAT accrued on sales	4881	Packing list
		Written off sold goods	385	Packing list
		Issued sales invoice	32 000	Invoice
		Payment received from buyer	32 000	bank statement

Sale of goods in retail

For the day, the sales revenue in the store amounted to 12,335 rubles. Accounting is kept at sales prices, the organization is on the UTII taxation system, the outlet is automated. Money on the same day handed over to the cashier of the company.

Wiring:

Account Dt	Account Kt	Wiring Description	Posting amount	A document base
		Receipt of proceeds from the sale of goods	9000	Help-report of the cashier
		Write-off of sold goods at sale price	9000	Help-report of the cashier
		Proceeds put into cash	9000	Incoming cash order
		Calculation of markup on sold goods	-3700	Help-calculation of write-off markup

Transactions for the sale or provision of services

When selling services, the same accounts are involved, only instead of 41 accounts there are 20 accounts, which collect all the costs that make up the cost.

The organization performed services in the amount of 217,325 rubles. The cost of the service amounted to 50,000 rubles.

Service postings.

The source of income of the enterprise can be not only the sale of goods, but also the provision of services. This activity has its own characteristics. And this, of course, is reflected in the accounting. Accounting entries for services the customer and the contractor will, of course, be different. The service provider uses account 90 “Sales” for this. On it, the debit takes into account the actual expenses, and the credit - the revenue received in accordance with the established tariffs.

From the very specifics of the operation, it follows that account 43 “Finished products” is not used in this case. After all, services are always transferred directly to the client. The answer to the question of whether account 40 is used in this case (that is, “Output of products (services)”) depends on whether the enterprise uses the planned cost in current accounting.

Respectively service postings in this case, it looks like this: the amount of proceeds from the debit of account 62 is transferred to the credit of account 90 (on subaccount 90-1). This reflects the debt for services rendered. The actual cost is taken into account by posting Debit 90-2 - Credit 20 "Main production" (or account 23). If the company pays VAT, then it is necessary to reflect the tax charge - posting Debit 90 (on subaccount 3) - Credit 68 (on the subaccount of the corresponding tax). When the buyer pays for the services, this will be reflected in the transaction, in which the amount of the debt will be written off to the debit of account 51 from the credit of account 62.

Otherwise, the purchase of services from the customer is reflected. The cost of their purchase should be taken into account in accordance with PBU 10/99. All expenses for the acquisition of services, except for those related to the creation or purchase of fixed assets or other non-current assets, can be attributed to expenses that are formed for ordinary activities.

As regards directly service postings, then settlements with the contractor are reflected in the posting Debit 60 - Credit 51 (this entry is made on the basis of a bank statement). The very receipt of services is reflected in the following entry: Debit account 20 - Credit 60 .. Based on the invoice provided by the service provider, a posting is made that takes into account VAT - Debit 19-4 - Credit 60. If the services are related to the creation of non-current assets, in they are subject to the norms of another standard - PBU 6/01. There are also a number of other nuances associated with the acquisition of certain services.

Accounting entries transport services

The sphere of transport services is a category of carriers, which differs not only in the organizational and legal form of transport companies, but also in the scale of activities at a transport enterprise, document flow and the specifics of taxation. Transport is a branch of material production that transports people and goods. In the structure of social production, transport belongs to the sphere of production of material services. Posting transport services have their own characteristics for a transport organization and include the need to maintain:

vehicle accounting (transport accounting)
formation and printing of waybills
acquisition and consumption of fuel and lubricants
control of fuel consumption for each vehicle
formation of management reporting

The hired company keeps records in the transport organization and provides the balance sheet of the transport company and carries out posting transport services in such a way as not only to simply conduct it correctly in full compliance with the requirements of the law, but also to help the head of the transport company to make a profit, reduce the taxes paid and, if necessary, to obtain the needs of this transport company, bank approval for obtaining a loan for a car or for encouraging a leasing companies to receive funds for the purchase of the necessary special equipment for the provision of transport services, including special construction equipment, with full respect for the confidentiality of your information.

Accounting entries for the sale of services

Postings for the sale of services in Accounting 8 can be carried out by the document "Sale of goods and services", or the document "Act on the provision of production services". The document "Sales of goods and services" generates the following postings:

Written off cost of services sold. Debit - 90.02 Credit - 41, 43, 45

The document "Act on the provision of production services" generates the following postings:

Reflection of sales proceeds. Debit - 62.01 Credit - 90.01
VAT charged. Debit - 90.03 Credit - 68.02
Written off cost of services sold. Debit - 90.02 Credit - 20.01

The sale of finished products is one of the most common business transactions that an accountant needs to reflect in accounting. On the one hand, there is a lot of legislative and explanatory information, on the other hand, there are various situations where standard accounting methods are not suitable.

Correct accounting of proceeds from the sale of finished products is also extremely important because it affects the amount of VAT and income tax accrued, as well as the financial and economic performance of the organization.

1. Why it is important to carefully study the contract with the buyer

2. What documents are needed to sell products

3. Accounting accounts for accounting for the sale of finished products

4. Postings for the sale of finished products, transfer of rights - at the time of shipment

5. Transactions in a sale with deferred transfer of ownership

6. Tax accounting of proceeds from the sale of finished products

7. Accounting for revenue from the sale of finished products using an example

8. Sales of finished products in 1C version 8.3

So let's go in order.

1. Why it is important to carefully study the contract with the buyer

Sales of products are carried out under contracts with different conditions, invoices, offers, letters and applications. And it is the content of these documents that most influences the choice of accounting scheme for the proceeds from the sale of finished products in a particular situation.

In contracts, first of all, you need to look at the clauses that regulate moment of transfer of ownership for products from seller to buyer. Depends on revenue recording date in accounting.

The transfer of ownership can be:

delayed. It is tied to a certain event, for example, the receipt of products by the buyer at his warehouse. Such moments must be spelled out in the contract or invoice-offer.
on the day of sale. Such a condition may also be specified in the contract. And it is also considered that the right of ownership passed immediately if the products are shipped on the basis of an application (letter) or for cash (non-cash) payment to private individuals.

2. What documents are needed to sell products

Instead of the products, the buyer receives a set of documents:

consignment note (according to the form TORG-12)
invoice (not always)
waybill and invoice can replace UPD - universal transfer document
documents that are necessary for the transportation of products
other documents specified in the contract

To account for the sale of products, an accountant needs the first two in the list or UPD. What documents are needed for a transport company, it is better to check with the organization that is engaged in cargo transportation.

The consignment note is usually compiled using the TORG-12 form, approved by Decree of the State Statistics Committee of the Russian Federation dated December 25, 1998 No. 132. Although the use of unified forms is currently optional, many organizations continue to use just such documents.

The waybill must be drawn up in at least 2 copies: one for the seller, the other for the buyer. In the event that the contract provides for a deferred transfer of ownership ─ at the time of receipt of the products at the buyer's warehouse ─ it is more convenient to make three copies. The first, only with the signature “Cargo release made”, is needed to write off products to account 45, it remains with the seller. Two copies are sent to the buyer. After acceptance of the products, the buyer signs both copies of TORG-12, in the column "The consignee received the goods", puts the date. One signed document is sent to the seller to reflect the proceeds.

An invoice is drawn up only if the selling organization is a VAT payer. Those who work on the simplified tax system do not issue invoices. But this document may not be available to an organization that works for DOS if operations for the sale of products fall under the benefits provided for by Article 149 of the Tax Code of the Russian Federation. Usually the invoice is issued in two copies.

UPD ─ a document in which a consignment note is combined with an invoice. The UPD form was recommended by the letter of the Federal Tax Service of Russia dated October 21, 2013 No. MMV-20-3 / [email protected]

3. Accounting accounts for accounting for the sale of finished products

To account for the sale of finished products, the following accounting accounts are mainly used:

90.1 ─ "Revenue"

90.2 ─ "Cost of sales"

90.3 ─ "VAT"

90.4 ─ "Excises"

90.9 ─ “Profit/loss from sales”

62 ─ "Settlements with buyers and customers"

76 ─ “Settlements with different debtors and creditors” for VAT calculation in case of deferred transfer of ownership and prepayment

68 ─ "Calculations on taxes and fees"

43 ─ "Finished products"

45 ─ Goods shipped

51 ─ "Settlement account"

When products are sold by employees of the organization, accounts receivable are formed on account 73 “Settlements with personnel for other operations”. If buyers pay for products in cash, then the payment is reflected on account 50 "Cashier".

4. Postings for the sale of finished products, transfer of rights - at the time of shipment

When choosing a posting scheme for accounting for the sale of finished products, you need to understand three points:

transfer of ownership
terms of payment
which comes first - shipping or payment

the transfer of ownership occurs at the time of shipment, and payment is received after receipt of the products.

Consider the wiring diagram, where the transfer of ownership takes place at the time of shipment, the payment procedure is prepayment.

Wiring	business transaction	Document
Dt 51 ─ Ct 62.02		bank statement
Dt 76.AB ─ Kt 68
Dt 90.2 ─ Kt 43
Dt 62.01 ─ Kt 90.1		Product invoice
Dt 90.3 ─ Kt 76.AB		Product invoice
Dt 62.02 ─ Kt 62.01	Prepayment offset	Accounting information

5. Transactions in a sale with deferred transfer of ownership

Wiring diagrams with postpaid:

Wiring	business transaction	Document
Dt 45 ─ Kt 43	Shipped products from the warehouse of the seller	Waybill with the signature of the materially responsible person in the column "Cargo release made"
Dt 76.OT ─ Kt 68	VAT charged on sold products	Invoice by shipment date for VAT calculation
Dt 62.01 ─ Kt 90.1	Buyer accounts receivable	A document that confirms the transfer of ownership (for example, TORG-12 signed by the buyer)
Dt 90.2 ─ Kt 45
Dt 90.3 ─ Kt 76.OT	VAT charged on sold products	Product invoice
Dt 51 ─ Ct 62.01	Received payment for finished products	bank statement

Wiring diagrams with prepaid:

Wiring	business transaction	Document
Dt 51 ─ Ct 62.02	Received payment for products	bank statement
Dt 76.AB ─ Kt 68	VAT charged on prepayment amount	Bank statement, advance invoice
Dt 45 ─ Kt 43	Shipped products from the warehouse of the seller	Waybill with the signature of the materially responsible person in the column "Cargo release made"
Dt 62.01 ─ Kt 90.1	Buyer accounts receivable	A document that confirms the transfer of ownership
Dt 90.3 ─ Kt 76.AB	VAT charged on sold products	Product invoice
Dt 90.2 ─ Kt 45	Written off the cost of shipped products	A document that confirms the transfer of ownership
Dt 62.02 ─ Kt 62.01	Prepayment offset	Accounting information

76.OT - VAT charged on shipment

Profit (loss) from the sale of products is determined monthly on account 90, taking into account the turnover on all sub-accounts. The financial result is debited to account 99 "Profit and Loss" in correspondence with account 90.9. Account 90 should not have a balance at the end of the month.

For organizations that use the simplified tax system, from the above schemes for accounting for transactions for the sale of finished products, it is necessary to exclude transactions for the calculation of VAT.

6. Tax accounting of proceeds from the sale of finished products

In tax accounting, it is important to determine whether the proceeds received from the sale of products relate to the income of this tax period. It depends on how correctly the amount of income will be determined, which affects the amount of income tax. Moreover, this is important both for organizations that use DOS, and for those who work on the simplified tax system (6% and 15%).

The tax account has two methods for determining sales revenue finished products:

cash basis
accrual method

cash method use organizations that apply the simplified tax system (Article 346.17 of the Tax Code of the Russian Federation). It is allowed to consider income by this method and those of the taxpayer on DOS, which are subject to paragraph 1 of Art. 273 of the Tax Code of the Russian Federation.

With the cash method, the day when payment is received is important. It could be:

day of receipt of money on the current account or at the cash desk
day of posting the goods that were received as payment
the day of signing the certificate of completion for works (services) that were provided on account of payment for products

It does not matter if the payment was received before or after the product was shipped.

If the prepayment was made in one tax period, and the shipment is planned for the next, then the income should be taken into account in the period when the money was received.

Conversely, the shipment of products in the reporting tax period does not mean the receipt of income if there was no payment.

accrual method used by the vast majority of organizations on DOS. Recognition of income in this case is tied to the moment of transfer of ownership of the products (clause 3 of article 271 and clause 1 of article 39 of the Tax Code of the Russian Federation). And it has nothing to do with the receipt of payment.

If the products were shipped in one tax period, and the transfer of ownership will occur only in another, then income should not be reflected in tax accounting.

For the timely formation of income within the framework of tax accounting, organizations on the OSN need to track the dates of reflection of revenue on the credit of account 90.1. And for those who work on the simplified tax system, you need to look at the dates of receipt of payment in the debit of cash accounts. The topic of selling goods on the simplified tax system is more for you.

7. Accounting for revenue from the sale of finished products using an example

Let's consider two organizations: one works for the DOS, the other for the STS.

The conditions are the same:

advance payment for products in December 2017
transfer of ownership ─ at the time of shipment, in January 2018
cost of production 300,000 rubles without VAT, 354,000 rubles with VAT
production cost ─ 250,000 rubles

DOS	USN
Accounting t
Receipt of prepayment (December 2017)
Dt 51 ─ Kt 62.02 354,000 rubles	Dt 51 ─ Kt 62.02 300,000 rubles
VAT accrued from payment (December 2017)
Dt 76.AB ─ Kt 68 54,000 rubles	─
Products shipped (January 2018)
	Dt 90.2 ─ Kt 43,250,000 rubles
Accounts receivable formed (January 2018)
Dt 62.01 ─ Kt 90.1 354,000 rubles	Dt 62.01 ─ Kt 90.1 300,000 rubles
VAT accrued for sold products (January 2018)
Dt 90.3 ─ Kt 76.AB 54,000 rubles	─
Settlement of prepayment against debt repayment (January 2018)
Dt 62.02 ─ Kt 62.01 354,000 rubles	Dt 62.02 ─ Kt 62.01 300,000 rubles
Profit from product sales
	Dt 90.9 ─ Kt 99 50,000 rubles
Calculation of income in tax accounting
300,000 rubles in January 2018	300,000 rubles in December 2017

62.01 - settlements with buyers for products sold

62.02 - advances received from buyers

76.AB - VAT on advances and prepayments

The example shows the difference between accounting and tax accounting of proceeds from the sale of finished products in organizations that are on different taxation systems.

Retail sales have their own characteristics both in terms of posting and paperwork, in this topic.

8. Sales of finished products in 1C version 8.3

In order to correctly reflect the operations for the sale of finished products in 1C version 8.3, watch the video.

In any, even the most non-standard situation, which is associated with the sale of finished products, you can find reference points: the date of transfer of ownership and the date of payment. Given this information and the taxation system on which the organization operates, it is always possible to correctly set up the accounting for revenue from the sale of finished products.

Ask all questions on this topic in the comments to the article.

Accounting for revenue from the sale of finished products: transactions and taxes

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