Transfer from 67 to 66 account. Short-term and long-term loans - accounting in accounting

Score 67 accounting- this is a passive account "Settlements on long-term credits and loans", accumulates information on the status and movement of long-term credits and loans received by the enterprise for a period of more than one year. By using standard postings and practical examples we will study the specifics of using account 67, including the reflection in the postings of an operation to issue a bond with a value higher than the par value.

This accounting account is passive and its increase is reflected in a credit, and its decrease in a debit. In other words, the receipt of long-term loans and borrowings, as well as the accrual of interest on them, is reflected in the loan, and their repayment - in the debit:

For separate accounting the body of the loan and accrued interest, special sub-accounts can be opened for account 67:

Long-term loans and borrowings can be reflected in the accounting of an enterprise in two ways:

1. Fully on account 67 before maturity;
2. Or on account 67, when 365 days remain until maturity. Further, the loan amount is transferred to account 66 and taken into account there until the end of the repayment period.

The selected accounting procedure must be registered in accounting policy enterprises.

Get 267 1C video lessons for free:

Additional expenses on loans and borrowings are taken into account as part of other expenses by posting Dt 91.2 Kt 51, 60, 76, etc.

Analytical accounting for account 67 is carried out by type:

• Loans and credits;
• Credit organizations;
• Lenders;
• Individual loans and credits;
• Credit institutions that have discounted promissory notes and other debt obligations, drawers of promissory notes, individual promissory notes.

Typical postings on account 67

Correspondence 67 accounts and the main entries on long-term loans and borrowings are presented in the table below:

Examples of transactions with postings on account 67

Example 1. Accounting for a long-term loan received from a bank

LLC "Vesna" received a loan for 3 years from the bank OJSC "Osen" in the amount of 2,500,000 rubles. Principal debt and interest are calculated monthly in equal installments at a rate of 13.5% per annum.

Posting table for account 67 - Long-term loan:

Example 2: Issuing a bond worth more than par

Suppose an organization placed a bond on secondary market worth 16,000 rubles, face value - 10,000 rubles. with a maturity of 24 months.

Posting table - Issuance of a bond worth more than par.

A loan is a cash loan issued on a repayable basis. The organization can take it from the bank. Bank loan taken on certain period, at a certain percentage and for certain needs of the organization. In the article we will talk about how loans and borrowings are taken into account in accounting, how a short-term loan differs from a long-term one. In addition, the article provides convenient tables with postings.

First of all, it must be said that loans can be divided into short-term and long-term. The former are valid for less than 1 year, the latter for more than 1 year.

For their accounting, accounts 66 and 67 are used, the debit of which reflects the repayment credit loan, on debit its receipt and calculation of interest.

Account 66 is used to record short-term credit loans, account 67 - long-term.

Let's take a closer look at the accounting features below.

Accounting for short-term loans (postings on account 66)

In practice, it is short-term loans and loans that are most common. Organizations take them from credit organizations for temporary needs, and return them within a year. This money is usually used to purchase material assets, goods, upon sale of which the invested money will quickly return as part of the proceeds from the sale, in connection with which it will be possible to repay the debt to the bank.

Credit money can be received both in rubles and in foreign currency. In the latter case, in order to reflect them on the account, it is necessary to convert the currency into rubles at the rate of the Central Bank of the Russian Federation, which is valid on the date of receipt of money - crediting the currency to the foreign currency account.

Account 66 “Calculations for short-term loans and loans" - passive, designed to account for the enterprise. What is a passive account and what are its features read.

Receipt credit money the bank is reflected in the loan account 66 in correspondence with the accounting account Money, in the accounting department, the following posting D51 (50, 52) K66 is reflected.

All exchange differences resulting from the translation foreign exchange into domestic rubles, are reflected in the composition. A positive exchange rate difference is reflected using posting D66 K91 / 1. Negative exchange rate difference - D91/2 K66.

Exchange differences and interest are the main costs of the loan. There are also additional ones.

All additional costs accompanying the processing and obtaining of a loan are also included in operating expenses. Various types of services (legal, expertise, consulting, etc.) can act as additional costs. Posting on their reflection - D91 / 2 K60 (76).

Interest accrued on the loan is reflected using posting D91/2 K66, that is, it is also included in operating expenses.

The return of credit money and the payment of interest is reflected using posting D66 K51 (50, 52). If the organization repays its debt in installments every month, then this entry is made monthly for the repayment amount.

Postings on short-term loans (account 66):

Accounting for long-term loans (postings on account 67)

Long-term loans are usually taken by an organization to upgrade fixed assets, purchase intangible assets, carrying out modernization, reconstruction, expansion of production, that is, it long-term investments which cannot pay off quickly. They are taken, as a rule, for 5-10 years.

Credit institutions issue long-term loans only to stable operating organizations with sustainable financial position. It is problematic for a young enterprise to obtain a long-term loan; banks take such loans very seriously. Interest on long-term loans, as a rule, is noticeably lower than interest on short-term loans, but it is also much more difficult to obtain it. Consideration of the application and processing will take much more time.

Account 67 “Settlements on long-term loans and borrowings” is also a passive account designed to account for liabilities.

Postings for accounting for long-term credit money are similar to those for accounting for short-term ones.

The receipt of credit money and the accrual of interest on it is reflected in the credit account 67, their payment - in the debit account 67.

All expenses for obtaining, processing a long-term loan are included in operating expenses, as well as exchange rate differences when receiving foreign currency.

Accounting for long-term loans has one feature: a year before the maturity date, an organization in its accounting can transfer a loan from the category of long-term to short-term, while posting D67 K66.

Or perhaps the organization does not want to transfer credit money from one account to another, in which case the loan will be credited to the account. 67 until its full repayment.

Recording entries for long-term loans (account 67):

In the article we will talk about what short-term and long-term loans are, how they differ, how they are accounted for in accounting. In the article, we will get acquainted with two accounts: 66 and 67. Below are the accounting entries for loans and loans involving accounts 66 and 67.

AT accounting plan accounts for accounting for short-term loans, there is account 66 “Settlements on short-term loans and borrowings”, for accounting for long-term loans, account 67 “Settlements on long-term loans and borrowings” is used.

Loans, both short-term and long-term, are issued by credit organizations, that is, banks. They are given for certain purposes, for a limited period, after which the lender undertakes to return the money received.

Video reference “Accounting for short-term loans on account 66”: sub-accounts, operations

The video lesson explains in detail how to keep records of short-term loans and loans on account 66. The training is conducted by the teacher of the site “Accounting and tax accounting for dummies”, Chief Accountant Gandeva N.V. To watch online, click on the player below ⇓

Accounting for short-term loans

Short-term loans are issued for up to 1 year. The received funds are recorded under the loan account 66 in correspondence with (if the loan is issued in cash), and (the corresponding entries D50 K66, D51 K66, D52 K66).

When obtaining loans, the organization incurs certain costs. These can be the so-called basic costs, which include interest on a loan, exchange rate, and sum differences on interest. The main costs are included in the composition, while accounting posting is carried out D91/2 K66.

In addition to the main costs, there are additional costs associated with obtaining credit money, these include payment for legal, consulting services, copying and reproduction costs, taxes, examinations, communication services. These expenses are reflected in the D91/2 K60.

Loan repayment is reflected in the debit account 66 in correspondence with accounts, and, depending on how the loan debt is repaid (postings D66 K50, D66 K51, D66 K52).

Accounting for long-term loans

A long-term loan is issued for a period of more than 1 year. The received funds, as well as in the case of a short-term loan, are taken into account under the loan account. 67 in correspondence with cash accounts. Further, accounting for a long-term loan can be carried out in two ways:

1. On the account 67 before maturity.
2. On the account 67 until 365 days remain until maturity. After that, the loan amount is transferred to the account. 66 posting D67 K66, that is, long-term debt is converted into short-term debt.

The chosen method of accounting must be reflected in the order on accounting policy, which can be read about in the article ““.

Postings on accounts 66 and 67

The table below discusses accounting credit operations: receiving long-term and short term loans and their reflection. ⇓

Account 67 "Settlements on long-term credits and loans" is intended to summarize information on the status of long-term (for a period of more than 12 months) credits and loans received by the organization.

The amounts of long-term credits and loans received by the organization are reflected in the credit of account 67 "Settlements on long-term credits and loans" and the debit of the accounts "Settlement accounts", "Currency accounts", "Special accounts in banks", "Settlements with suppliers and contractors", etc. d.

Long-term loans raised by issuing and placing bonds are recorded on account 67 "Settlements on long-term credits and loans" separately. At the same time, if bonds are placed at a price exceeding their face value, then entries are made in the debit of the "Settlement accounts" account, etc. in correspondence with accounts 67 "Settlements on long-term loans and borrowings" (at the face value of bonds) and "Deferred income "(by the amount of the excess of the placement price of bonds over their face value). The amount charged to the account "Deferred income" is written off evenly during the period of circulation of the bonds to the account "Other income and expenses". If bonds are placed at a price lower than their face value, then the difference between the placement price and the face value of the bonds is accrued evenly over the period of circulation of bonds from the credit of account 67 "Settlements on long-term credits and loans" to the debit of the account "Other income and expenses".

Interest payable on received credits and loans is reflected on the credit of account 67 "Settlements on long-term credits and loans" in correspondence with the debit of the account "Other income and expenses". Accrued interest amounts are accounted for separately.

Account 67 "Settlements on long-term credits and loans" is debited for the amounts of repaid credits and loans in correspondence with cash accounts. Loans and borrowings that are not repaid on time are accounted for separately.

Analytical accounting of long-term credits and loans is carried out by types of credits and loans, credit institutions and other lenders who provided them, and individual loans and borrowings.

On a separate sub-account to account 67 "Settlements on long-term loans and borrowings", settlements with banks on the operation of accounting (discount) of bills and other debt obligations with a maturity of more than 12 months are taken into account.

The operation of accounting (discount) of bills of exchange and other debt obligations is reflected by the organization holding the bill on the credit of account 67 "Settlements on long-term loans and borrowings" (nominal value of the bill) and the debit of the accounts "Settlement accounts" or "Currency accounts" (actually received amount of funds) and "Other income and expenses" ( discount rate paid to a credit institution).

The operation of accounting (discount) of bills of exchange and other debt obligations is closed on the basis of a notice to the credit institution of payment by reflecting the amount of the bill on the debit of account 67 "Settlements on long-term loans and borrowings" and the credit of the corresponding accounting accounts accounts receivable.

When a bill-holder organization returns funds received from a credit institution as a result of accounting (discount) of bills of exchange or other debt obligations due to non-fulfillment in set time the drawer or other payer on the bill of his payment obligations shall make an entry in the debit of account 67 "Settlements on long-term credits and loans" in correspondence with the cash accounts. At the same time, the debt on settlements with buyers, customers and other debtors, secured by an overdue bill, continues to be recorded on the relevant accounts receivable.

Analytical accounting discounted bills of exchange is maintained for credit institutions that have registered (discounted) bills of exchange or other debt obligations, issuers and individual bills.

Accounting for settlements with credit institutions, lenders and drawers within a group of interrelated organizations, the activities of which are compiled financial statements, is maintained on account 67 "Settlements on long-term credits and loans" separately.

Account 67 "Settlements on long-term credits and loans" corresponds with the following accounts of the Plan:

by debit

• "Settlement accounts"
• "Currency accounts"
• "Special bank accounts"
• "Settlements with buyers and customers"
• "Settlements on long-term credits and loans"
• "Settlements with different debtors and creditors"
• "Other income and expenses"

Account 67 "Settlements on long-term credits and loans" reflects information on the state of credits and loans received by the organization for a period of more than 12 months in Russian or foreign currency.

The amounts of received long-term credits and loans are reflected in the credit of account 67 "Settlements on long-term credits and loans" and the debit of accounts: 50 "Cashier", 51 "Settlement accounts", 52 "Currency accounts".

Organizations can conclude a commercial loan agreement between themselves, on the basis of which some organizations provide others with a deferral of payment of funds for goods sold, work performed, services rendered. The amounts of long-term commercial loans received to pay suppliers' invoices are reflected in the credit of account 67 "Settlements on long-term loans and loans" and the debit of account 60 "Settlements with suppliers and contractors". Fulfillment of the obligation under the loan agreement (payment of the supplier's invoice) is reflected in the accounting records of the borrower in the debit of account 67 "Settlements on long-term loans and borrowings" and credit accounts: 51 "Settlement accounts", 50

"Cashier", 52 "Currency accounts". The accounting procedure for the provision of a commercial loan is contained in the comments to sub-account 58-05 "Granted loans".

The receipt of long-term loans in kind is reflected in the debit of the accounts of material assets and the credit of account 67 "Settlements on long-term loans and loans".

Interest payable on received long-term credits and loans is reflected on the credit of subaccount 67 "Settlements on long-term credits and loans" in correspondence with the debit of subaccount 91-02 "Other expenses". Interest on long-term loans and borrowings attracted for the acquisition of material assets or objects non-current assets, are included in the actual costs of acquiring these assets until they are credited. After the moment of posting, interest is related to operating expenses and is accrued on the debit of sub-account 91-02 "Other expenses".

Account 67 "Settlements on long-term credits and loans" is debited for the amounts of repaid long-term credits and loans in correspondence with cash accounts. In case of non-repayment of a loan received as security for a bill in cash, the deduction by the bank of the bill secured by the loan is reflected in the debit of account 67 "Settlements on long-term loans and borrowings" and the credit of subaccount 91-01 "Other income".

Loans and borrowings that are not repaid on time are accounted for separately.

To account 67 "Settlements on long-term loans and borrowings" open the following sub-accounts: 67-

01 "Settlements for long-term bank loans"; 67-

02 "Settlements for long-term loans"; 67-

03 "Settlements on bills of exchange (discount) operations"; 67-

04 "Calculations on bond loans"; 67-

05 "Settlements with subsidiaries"; 67-

06 "Settlements with dependent companies"; 67-

80 "Other".

Sub-account 67-01 "Settlements on long-term bank loans" is intended for accounting of settlements with credit institutions under loan agreements concluded for a period of more than 12 months.

Subaccount 67-02 "Settlements on long-term loans" is intended to summarize information on the status of loans received from other enterprises and organizations for a period of more than 12 months.

Sub-account 67-03 "Settlements on accounting (discount) of bills" is intended for accounting of settlements with banks on accounting (discount) of bills with a maturity of more than 12 months.

Accounting (discount) operations of promissory notes are reflected in the credit of subaccount 67-03 "Settlements on accounting (discount) of promissory notes" (nominal value of the promissory note) and the debit of cash accounting accounts (actually received amount of funds) and subaccount 91-02 "Other expenses" (account interest paid to a credit institution).

Accounting (discount) operations of bills are closed on the basis of a notice to the credit institution of payment by reflecting the amount of the bill on the debit of sub-account 67-03 "Settlements on accounting (discount) bills of exchange operations" and on the credit of the corresponding accounts of accounts receivable

W.W.W...I.n.e.t.L.i.b:RH -

debt.

When a bill-holder organization returns funds received from a credit institution as a result of accounting (discount) of bills, due to the default by the drawer or other payer on the bill of their payment obligations, an entry is made in the debit of the sub-account 67 3

"Settlements on transactions of accounting (discount) of bills" in correspondence with cash accounts.

Sub-account 67-04 "Calculations on bond loans" is intended to summarize information on long-term loans raised by issuing and placing bonds.

In this case, if the bonds are placed at a price exceeding their face value, then the amount of the face value of the bonds is recorded on the debit of the cash accounts and the credit of subaccount 67-04 "Settlements on bonded loans", and for the amount of the excess of the placement price of bonds over their face value cost - on the debit of cash accounts and on the credit of sub-account 98-01 "Income received on account of future periods". The amount allocated to sub-account 98-01 "Income received on account of future periods" is written off evenly during the period of circulation of bonds to sub-account 91-01 "Other income". If bonds are placed at a price lower than their face value, then the difference between the placement price and the face value of bonds is additionally accrued evenly over the period of circulation of bonds from the credit of subaccount 67-04 "Settlements on bond loans" to the debit of subaccount 91-02 "Other expenses".

Interest payable on received bonded loans is reflected on the credit of subaccount 67-04 "Settlements on bonded loans" in correspondence with the debit of subaccount 91 2

"Other expenses".

Sub-accounts 67-05 "Settlements with subsidiaries" and 67-06 "Settlements with dependent companies" are intended to summarize information on loans received from subsidiaries and dependent companies for a period of more than 12 months.

Analytical accounting of long-term credits and loans is kept by types of credits and loans, credit institutions and other lenders that provided them.

Table 6.5.

Account 67 "Settlements on long-term loans and borrowings" corresponds with accounts On debit On credit 51 "Settlement accounts" 07 "Equipment for installation" 52 "Currency accounts" 08 "Investments in non-current assets" 55 "Special accounts in banks" 10 "Materials "62 "Settlements with buyers and customers" 11 "Animals for breeding and fattening" 61 "Settlements on long-term loans and borrowings" 41 "Goods" 16 "Settlements with various debtors and creditors" 50 "Cashier" 91 "Other income and expenses" 51 "Settlement accounts" 52 "Currency accounts" 55 "Special bank accounts" 60 "Settlements with suppliers and contractors" 61 "Settlements on long-term loans and borrowings" 68 "Settlements for taxes and fees" 16 "Settlements with various debtors and creditors " 82 "Reserve capital" 91 "Other income and expenses" Example

On November 1, 2004, the organization received a loan in the amount of 60,000 euros. Loan term - 61

day (2 months), interest rate- 15% per annum, interest is paid monthly. On the same day, the organization paid its supplier an advance in the amount of 30,000 euros from a borrowed loan. Goods with a contract value of 60,000 euros were taken into account on November 10, 2004, after which the final settlement with the supplier was made.

Assume that the euro exchange rate set by the Central Bank of the Russian Federation was: -

The following entries must be made in the accounting records of the organization.

RUB 2,049,000 (60,000 euros x 34.15 rubles) - a loan was credited to a transit currency account;

Debit 76 "Settlements with various debtors and creditors" Credit 51 "Settlement accounts" -

RUB 61,470 (2,049,000 rubles x 3%) - the amount of the reservation was transferred to a separate account of an authorized bank;

Debit 55 "Special bank accounts"

RUB 2,049,000 - the loan amount is credited to a special bank account;

Debit 52 "Transit currency account"

Loan 55 "Special bank accounts" -

RUB 2,049,000 - the loan amount is credited to the current foreign currency account;

Loan 52 "Transit currency account" -

RUB 1,024,500 (30,000 euros x 34.15 rubles) - an advance payment was made to the supplier of goods at the expense of the received loan;

Debit 60 "Settlements with suppliers and contractors"

Loan 66 "Settlements on short-term loans and borrowings" -

4188 rub. (EUR 30,000 x 15% x 10 days / 366 days = EUR 122.95 x 34.06 rubles) - interest accrued for the period from November 1, 2004 to November 10, 2004 in part of the advance payment issued;

Debit 41 "Goods"

Credit 60 "Settlements with suppliers and contractors" -

RUB 2,047,788 ((60,000 euros + 122.95 euros) x 34.06 rubles) - received goods are credited; Debit 91-02 "Other expenses"

Loan 66 "Settlements on short-term loans and borrowings" -

4188 rub. (EUR 30,000 x 15% x 10 days / 366 days = EUR 122.95 x 34.06 rubles) - interest accrued for the period from November 1, 2004 to November 10, 2004 in part of the remaining amount;

Debit 60 "Settlements with suppliers and contractors"

Loan 52 "Transit currency account" -

RUB 1,021,800 (30,000 euros x 34.06 rubles) - the amount of the remaining debt was paid to the supplier from the current foreign currency account;

Debit 91-02 "Other expenses"

Credit 60 "Settlements with suppliers and contractors" -

2700 rub. (EUR 30,000 x (RUB 34.06 - RUB 34.15)) - reflects the negative exchange rate difference between the ruble valuation of the supplier's receivables at the exchange rate of the Bank of Russia on the date of acceptance of the received goods and its valuation at the Bank of Russia exchange rate; thirty

November 2004

23 400 rub. (EUR 60,000 x (RUB 33.76 - RUB 34.15)) reflects the positive exchange rate difference between the ruble valuation of loan obligations at the Bank of Russia exchange rate at the end of November and their ruble valuation at the Bank of Russia exchange rate as of the date the loan was received;

Loan 66 "Settlements on short-term loans and borrowings" -

RUB 16,603.28 (60,000 euros x 15% x 20 days / 366 days = 491.80 euros x 33.76 rubles) - interest accrued for the period from November 11, 2004 to November 30, 2004;

Debit 66 "Settlements on short-term loans and borrowings" Credit 52 "Transit currency

W.W.W...I.n.e.t.L.i.b. Ru. -

RUB 24,904.75 ((122.95 euros + 122.95 euros + 491.80 euros) x 33.76 rubles) - interest paid for using the loan in November;

Debit 66 "Settlements on short-term loans and borrowings" Credit 91-01 "Other income" -

RUB 95.90 (EUR 245.90 х (RUR 33.76 - RUB 34.15)) reflects the positive exchange rate difference between the ruble valuation of interest-bearing liabilities at the Bank of Russia exchange rate as of the date of payment and their ruble valuation at the Bank of Russia exchange rate as of the date of accounting incoming goods.

Let's make some clarifications regarding the reflection of transactions related to foreign currency loans.

Bank of Russia Instruction No. 116-I dated 07.06.2004 "On Types of Special Accounts for Residents and Non-Residents" establishes that for settlements and transfers when receiving a loan in foreign currency from a non-resident to a resident - legal entity a special bank account "P1" is opened (clause 2.1.2 of Instruction N 116-I). Foreign currency is credited to account "P1" from a resident's transit currency account opened with the same authorized bank, in accordance with Instruction of the Bank of Russia dated 03.30.2004 N 111-I "On compulsory sale part of foreign exchange earnings in the domestic foreign exchange market Russian Federation"(Clause 2.8 of Instruction N 116-I).

According to paragraph 1.4 of Instructions of the Bank of Russia dated June 29, 2004 N 1465-U "On the establishment of reserve requirements when crediting funds to special bank accounts and when debiting funds from special bank accounts"when funds are credited to a special bank account of a resident in foreign currency "P1", a reserve requirement is established in the amount of 3% of the amount of funds credited for a period of 365 calendar days. Based on clause 2.10 of Instruction No. 116-I, when a resident credits funds in foreign currency to account "P1", the authorized bank accepts for execution settlement document(instruction) of the resident to make a transfer to this account, which indicates the number and date of the reservation application drawn up and issued by the authorized bank to the resident in accordance with regulations Bank of Russia.

The organization independently calculates the amount in the currency of the Russian Federation, which is paid as the amount of the reservation. The calculation of the amount of the reservation is carried out on the day of its payment based on the amount of the operation and the currency regulation reservation size. The calculation of the amount of the reservation for a transaction in foreign currency is carried out according to official exchange rate foreign currency in relation to the ruble, established by the Bank of Russia on the day the reservation amount is paid (clause 3, article 16 of Law N 173-FZ, clause 1.4 of Instructions of the Bank of Russia dated 06/01/2004 N 114-I "On the procedure for reserving and returning the reservation amount when carrying out foreign exchange transactions).