In the organizations it is accepted to subscribe to periodicals. They can have tightly specialized character caused by production need. For example, fashionable logs with images of different hairstyles will be appropriate in hairdressing salons to facilitate the choice of the client. Similar glossy editions in realtor office will perform already entertaining function. How to consider a subscription?
Instruction
1. Prove need of acquisition for the organization of any given books or periodicals. For this purpose define – as far as they are connected with activity of establishment. For example, the legal office needs logs on law. Construction – in collections of construction standards. And each of them will need printing editions with laws and regulations and on accounting.
2. Get subscriptions of nonprofessional character at the expense of net profit. Otherwise when checking tax inspection on similar literature will charge penalties and penalty fee. Carry the cost of these editions together with the VAT for account 91, the score 91-2 to an other expenses.
3. Getting each number of the newspaper or the log, consider its cost on account 10 "Materials" - debit of account 10, account 60 credit. Further write off for expenses on normal types of activity – debit of account 20 (26), account 10 credit. On electronic editions, receiving the act and the invoice, write off their cost for expenses, without writing in account 10.
4. Consider expenses on necessary periodicals in other, connected with production and implementation. At the same time several subscriptions can be integrated on similar subjects and to consider together.
5. Accept the VAT to deduction as follows. At first receive the invoice from publishing house with the selected VAT amount for the advance payment and accept to deduction. Usually the invoice is placed in each issue of the edition therefore accept the VAT by each specific number. If the periodical press comes daily, then make out it in one invoice once in a quarter or in a month.
6. Business literature is considered on account 10 "Materials" as a part of MPZ. Write off it in expenses by transfer to division in which it will be used, on normal types of activity for accounts 44, 26, 20, etc. It will not be subject to depreciation irrespective of cost. Include expenses on acquisition of such subscription in structure of others.
7. Accept to deduction of the VAT on book products if it is accepted on accounting with competently completed invoice; it is used for activity which is assessed with the VAT.