Scores 60.1 and 60.2 are different. Accounting postings of promissory notes issued

When preparing for a test or an accounting exam, you need to know that teachers often like to ask about different accounts and accounting entries. It will be useful for dummies to find out what the score 60 means. We will talk about this in our today's article.

Any enterprise is engaged in accounting for settlements with contractors and suppliers. This includes not only the supply of goods, but also various kinds of work and services.

Account 60: Accounting for expenses with suppliers

Invoice 60 displays all relationships with suppliers. Therefore, this account is called "Settlements with suppliers and contractors."

The debit column reflects the payment to the supplier for the goods / service / work, the credit column - the organization's debt to suppliers.

And in this table you can see the main transactions on account 60, which will be useful to students:

Account 60: accounting for advances issued

If the organization transfers an advance payment to the supplier on account of the forthcoming delivery of goods or services, it is necessary to make a note in the table “advance payment issued” (subaccount number K50 is assigned to it).

An example can be seen in the table:

Account 60: posting a bill to pay off debt

A bill of exchange is issued to secure the debt. In this case, in the table you need to open the sub-account "Issued bills", as in the table:

There is quite a lot of information on accounting (account 60), and it is not always easy. We try to make it as accessible and understandable as possible. Well, if this is not enough, and in addition to understanding the topic, you need to complete some super-difficult control / laboratory / coursework on this strange subject - contact us.

The balance sheet for account 60 (hereinafter referred to as SALT) is a summary of data on business transactions that are carried out using this account. The features of the formation of the SALT are related to the fact that the account 60 is active-passive. Here is a sample of such a statement and tell you how to fill it out.

Account Description 60

Account 60 is active-passive, so it can have both a credit and a debit balance.

IMPORTANT! The balance must be shown in detail, since the debit balance of account 60 is the prepayment paid, and the credit balance is the debt to the supplier for the received, but not paid, material assets, works, services.

Analytical accounting for this account is convenient to keep both in the context of sub-accounts and for each supplier. Many accounting programs allow you to support such analytics. As a result, turnovers are formed for the whole account, for sub-accounts of the account, and if necessary, it is always possible to generate a SALT separately for each supplier. The last report can serve as the basis for drawing up an act of reconciliation of settlements with the counterparty.

Formation of the statement: rules

Absolutely all procurement documents, as well as all settlement documents, must be reflected in the SALT:

• credit turnover. The loan reflects all operations related to the purchase of material assets, works, services, equipment, fixed assets. All documents issued by suppliers and contractors: waybills, acts of work performed, invoices - must be reflected in the credit of account 60. This is how the organization's accounts payable are formed. If the organization does not use account 15 when purchasing materials, then unbilled deliveries are also reflected in the credit of account 60. It also shows the return of the prepayment from the supplier for the delivery that was not carried out by him.

How the act of completed work should be filled out is described in detail.

• Debit turnover. All transactions related to payment to the supplier go through it. This is the repayment of the company's debt, reflected in the credit of account 60, and prepayment transactions. The debit should reflect all payment orders and cash documents on the basis of which payment was made. This also includes data on netting operations and the return of goods to the supplier.

Formation of a statement: an example

Let's get started with the drafting of the OSV. As mentioned above, the balance in the statement should be detailed. Certain subtleties are associated with this in the formation of the statement.

Let's take an example.

Organization A entered into an agreement with organization B for the performance of work and transferred to it an advance payment in the amount of 11,800 rubles. (including VAT 1,800 rubles) in October 2018. In November, Entity B completed the contractual scope of work. Organizations signed an act of work performed in the amount of 11,800 rubles. (including VAT 1,800 rubles), on the basis of which organization B issued an invoice to organization A.

Postings in the accounting of organization A:

If no postings were made between the sub-accounts of account 60, then the SALT will look like this:

SALT for November on account 60 "Advances"

OSV for November on account 60 “Settlements for work performed”

SALT for November on account 60 (synthetic)

Account 60 “Settlements with suppliers and contractors” is used in almost every enterprise, and today we will consider how the turnover sheet for account 60 is formed in the 1C Accounting 8 edition 2 program.

In our example, we first made an advance payment to Tom LLC in the amount of 50,000 rubles from the current account. For this operation, a posting was generated: Debit 60.02 Credit 51. This amount was credited to the advance subaccount. Account 60 “Settlements with suppliers and contractors” is active-passive, but sub-account 2 to it is already active. You can view this by calling the chart of accounts from the bottom of the "Enterprise" tab of the 1C Accounting 8 edition 2 program.

Active account - means that the increase in the account will occur on the debit, and decrease on the credit. In our example, with sub-account 2 of account 60, the debit of the account reflects an increase in the amounts of advances, and their decrease on the loan. The final balance in our example for this account is 50,000 rubles in debit. This means receivables, that is, the debt of our counterparty - Tom LLC. We paid him money in advance and now he must either supply us with some value (goods, services, etc.), or return the amount of the advance.

If you need a turnover sheet for account 60 in the context of sub-accounts, then in the "Settings" panel on the right side of the turnover you need to check the box "By sub-accounts".

Now, when the turnover sheet for account 60 is being formed, it is immediately clear which sub-accounts reflect this or that amount.

Debit 41.01 Kt 60.01 in the amount of 100,000 rubles

Dt 19.03 Ct 60.01 in the amount of 18,000 rubles

Dt 60.01 Kt 60.02 in the amount of 50,000 rubles

Subaccount 01 to account 60 is passive, respectively, the debit account reflects a decrease in debt to the supplier, and the credit of the account - an increase.

In our example, when goods are received from a supplier with VAT, the debt to the supplier increases by a total of 118,000 rubles.

At the same time, the debt is reduced by the amount of the previously paid advance - 50,000 rubles.

As a result, our company owes LLC "Tom" 68,000 rubles (118,000 - 50,000). This is an accounts payable and this amount is reflected as a balance on the loan of subaccount 01 to account 60 “Settlements with suppliers and contractors”.

This can be seen more clearly when a turnover sheet for account 60 is formed in the 1C Accounting 8 edition 2 program.

In the following articles, I will look at how to make a turnover on accounts 62 and 71 using specific examples, similar to how the turnover statement for account 60 is formed. And about how the turnover statement for account 60 is formed in ed. 3.0

Each enterprise keeps records of settlements with suppliers and contractors. Settlements with suppliers include not only, but also the provision of various kinds of services and performance of work. Features of the interaction of the organization with the supplier are analyzed in this article. Tables with postings are given.

Video lesson. “Accounting for account 60: sub-accounts, postings”

The video lesson explains in detail how to keep records on account 60 “Settlements with suppliers”, considers sub-accounts, examples of compiling basic transactions and transactions. ⇓

Accounting for settlements with suppliers. Score 60

All interactions with suppliers are recorded on account 60 “Settlements with suppliers and contractors”. The debit reflects the transfer of payment to suppliers for goods, works, services, the credit reflects the organization's debt to the supplier.

Briefly about account 60 “Settlements with suppliers and contractors”. Typical account postings 60

Account transactions 60

Accounting for issued advances

If an advance payment is transferred to the supplier on account of the upcoming delivery, then a sub-account “advance payment issued” is opened on account 60 to account for it. At the same time, accounting reflects the posting D60 subaccount "Advance payment issued" K50.

After the supplier or contractor delivers the material assets or renders the services for which the advance was transferred, the advance is offset by posting D60 K60 to the sub-account “Advance payment issued”.

For clarity, we highlight postings when accounting for advances issued in a separate table:

Accounting for a bill issued to secure a debt

To account for bills of exchange issued to secure debts, a sub-account "Promissory notes issued" is opened on account 60 "Settlements with suppliers and contractors".

Accounting postings of promissory notes issued

This article shows the postings on the main transactions carried out on account 60 “Settlements with suppliers and contractors”.

sch. 60 "Settlements with suppliers and contractors" is used to register the facts of economic activity related to the acquisition of goods and materials, works and services and is used in every Russian company.

Account 60 in the accounting of Russian companies allows you to summarize information on interaction with partners in ongoing operations, such as the purchase of inventory items, the implementation of work of any type (including construction and installation), the provision of services, which include, in particular, utilities services.

Thanks to this analytical system, information can be provided on deliveries for which the relevant documents are both accepted and missing (in this case, we can talk about uninvoiced deliveries of goods or services).

All events of economic activity that are associated with transactions between companies and their counterparties are reflected in account 60, regardless of the actual payment for goods and materials or services, as a result of which the turnover on this accounting instrument can show both receivables and payables.

sch. 60 "Settlements with suppliers and contractors" in accordance with the approved plan can be classified as an active-passive category. Payment to the counterparty for the transferred goods and services is reflected in debit in correspondence with the accounting indicators of the company's cash resources. The credit of this account is intended for situations in which an accounts payable to a partner arises, namely at the time of shipment of goods (services), that is, the transfer of ownership to it.

Main sub-accounts

In order to organize an analytical system, i.e. detailed, accounting, a system of sub-accounts has been developed to reflect transactions with suppliers, such as:

• 60.01 - is intended to reflect the company's transactions with suppliers and contractors;
• 60.02 - used in settlements with prepayment (advance payment);
• 60.03 - contains information about promissory notes issued by the company.

If the company carries out a transaction in a foreign currency and/or conventional units, the following sub-accounts will be opened in the working chart of accounts:

• 60.21 and 60.31 - are used to register settlements with partners in foreign currency and conventional units, respectively;
• 60.22 and 60.32 - are intended for prepayment transferred in foreign currency and conventional units;

These sub-accounts are mainly used by companies that carry out export-import activities and have foreign counterparties.

Legal framework for operations with counterparties

The relationship between the supplier and the buyer is regulated by the Civil Code. This document discloses all aspects of the contractual relations of partners and claims arising from them. If we talk about transactions between partners, then the legislation prescribes payment, both in cash and in a non-cash form. Depending on this, apply:

• Regulations on the procedure for conducting cash transactions and the rules for the storage, transportation and collection of banknotes and coins of the Bank of Russia in credit institutions on the territory of the Russian Federation" (approved by the Bank of Russia on April 24, 2008 N 318-P) (as amended on February 16, 2015);
• Regulation on non-cash payments in the Russian Federation N 2-P, approved by the Central Bank of the Russian Federation on October 3, 2002 (as amended on March 3, 2003).

Basic accounting entries

Purchased materials, goods or non-current assets from a counterparty:

Dt 10, 41, 08 Kr 60

1. A claim was made to the supplier due to price discrepancy and the presence of arithmetic errors:
2. Payment was made to the partner for the supplied goods and materials:
3. Payment to the counterparty was made through an accountable person:
4. A document was signed on the offset of mutual claims between the supplier and the buyer:
5. The creditor's debt was included in other expenses due to the expiration of the limitation period:

Document flow and settlements with contractors

The main documents used in making settlements with contractors - suppliers are:

• Waybill (form TORG-12). This document serves to reflect information about the purchased goods: quantity, price and amount of the purchase, and allows the buyer to post the goods.
• Invoice. It is impossible to receive a VAT deduction without a correctly issued invoice. This document is provided by the supplier of the product or service, which indicates all the main details of counterparties, the VAT rate and the allocated tax amount.

Viktor Stepanov, 2017-02-25

Questions and answers on the topic

No questions have been asked for the material yet, you have the opportunity to be the first to do so

Accounting for the receipt, disposal of fixed assets and the procedure for their inventory

D 08 - K 60 - reflects the costs of construction and installation work received from contractors;

D 19 - K 60 - reflects VAT presented by the contractor for payment to the customer;

D 01 - K 08.3 - fixed assets are put into operation.

When an organization performs construction and installation work in an economic way, the following entries are made in accounting:

D 10 - K 60 - materials were purchased for the construction of the facility;

D 19 - K 60 - reflects VAT on purchased materials.

The costs for the construction of buildings, structures, installation and other capital construction costs minus VAT are reflected:

D 08 - K 07 - reflects the cost of installing equipment;

D 08 - K 10 - reflects the costs of the materials used;

D 08 - K 70 - wages to employees;

D 08 - K 69 - the amount of insurance premiums from the wages of employees;

D 08 - K 19 - non-refundable VAT written off to increase the actual costs of construction and manufacturing;

D 08 - K 68 - VAT has been charged on the amount of work performed;

D 60 - K 51 - funds are transferred;

D 68 - K 19 - reflects VAT on purchased materials, work performed, services rendered;

D 01 - K 08.3 - fixed assets were put into operation.

Acceptance of completed work on the completion and re-equipment of the facility, made in the order of capital investments, is formalized by the act of acceptance and delivery of repaired, reconstructed and modernized facilities (form No. OS-3). The transfer of equipment for installation is documented by an act of acceptance and transfer of equipment for installation (form No. OS-15). For equipment defects identified during installation, commissioning or testing, as well as based on the results of control, an act is drawn up on the identified equipment defects (form No. OS-16).

One of the ways to receive fixed assets is to receive objects on account of a contribution to the authorized capital of a newly formed or increasing organization's authorized capital. By making contributions to the authorized capital of the organization, the founders act on the basis of the constituent agreement, and when they are made in the accounting of the organization, their monetary value, agreed by the founders of the organization, is recognized as the initial cost. When accounting for fixed assets contributed by the founders on account of their contribution to the authorized capital of the organization, the following accounting entries are made:

D 75 - K 80 - for the amount of debt of the founders in monetary terms on contributions to the authorized capital during the creation of the organization;

D 08 - K 60 - reflection of delivery costs;

D 08.4 - K 75.1 - receipt of contributions in the form of fixed assets from the founders;

D 19 - K 83 - VAT on contribution to the authorized capital;

D 01 - K 08.4 - acceptance of fixed assets for operation;

D 68 - K 19 - VAT on the contribution to the authorized capital is deductible.

According to the gift agreement, one party (the donor) transfers or undertakes to transfer to the other party (the donee) a thing in ownership or a property right (claim) to itself or to a third party, or releases or undertakes to release it from a property obligation to itself or to a third party. Objects of fixed assets received under a donation agreement are accepted for accounting at market value. The market value of the property is established by documentary or expert means. The costs of establishing and confirming the market price are included in the initial cost of fixed assets. According to PBU 9/99 “Income of the organization”, assets received free of charge are included in other income of the organization.

Acceptance for accounting of fixed assets received from other legal entities and individuals under a donation agreement, as well as in other cases of their gratuitous receipt, are reflected in the following accounting entries:

D 08 - K 98 subaccount 2 "Grant-free receipt" - receipt of fixed assets under a donation agreement;

D 08 - K 60 - reflection of the costs associated with the transportation of fixed assets;

Go to page: 1 2 34

Other articles

Market formation and economic growth
Market: conditions of emergence, role and functions The market is a system of economic relations arising on the basis of stable economic relations between producers of goods and services and consumers. For a market to be competitive, there must be more than one buyer or...

Features of accounting for settlements with suppliers and contractors (account 60)

Description of account 60.01 Settlements with suppliers and contractors

Account 60.01 Settlements with suppliers and contractors is intended for accounting of settlements with suppliers and contractors for acquired values, works, services

Account 60.01 Settlements with suppliers and contractors are credited for the cost of received inventory items, accepted works, consumed services in correspondence with the accounts for these values ​​or the accounts for the corresponding costs.

Debited for the amount of fulfillment of obligations (payment of invoices) in correspondence with cash accounts, etc.

Analytics on account 60.01 Settlements with suppliers and contractors

Analytical accounting is maintained for suppliers and contractors (subconto “Counterparties”), the basis of settlements (subaccount “Agreements”), as well as for settlement documents (subaccount “Documents of settlements with a counterparty”). Each supplier and contractor is an element of the "Contractors" directory. Each settlement basis is an element of the reference book "Agreements of counterparties".

Use of account 60.01 Settlements with suppliers and contractors

Dt 60 Kt 50.01 - Repayment of debt to the supplier from the cash desk

Dt 60 Kt 51 - Repayment of debt to the supplier in a non-cash form

Dt 60 Kt 52 - Repayment of foreign currency debt to the supplier

Dt 60 Kt 55.01 - Writing off the amount of the used letter of credit for settlements with the supplier

Dt 60 Kt 62 - Reflected offset of counter homogeneous claims

Dt 60 Kt 66 - Re-registration of a debt to a supplier into a short-term loan

Dt 60 Kt 67 - Re-registration of a debt to a supplier into a long-term loan

Dt 60 Kt 76.02 - Withholding the amount of the recognized claim from the funds payable to the supplier

Dt 60 Kt 91.01 - Outstanding accounts payable included in other income due to the expiration of the limitation period

Dt 60 Kt 91.01 - Positive exchange rate difference on receivables in foreign currency, included in other income

By loan:

Dt 07 Kt 60 - Equipment requiring installation has been received

Dt 08 Kt 60 - Supplier invoices accepted for payment for acquired non-current assets

Dt 10 Kt 60 - Materials received from suppliers are credited

Dt 15 Kt 60 - The purchase cost of stocks for which settlement documents were not received from suppliers was taken into account

Dt 19 Kt 60 - VAT on capitalized material assets

Dt 20 Kt 60 - The cost of work (services) performed by contractors is included in the costs

Dt 25 Kt 60 - As part of general production costs, the cost of work (services) performed by contractors is taken into account

Dt 26 Kt 60 - As part of general business expenses, the cost of work (services) performed by contractors is taken into account

Dt 28 Kt 60 - The cost of contractors' work is included in the cost of eliminating defects

Dt 41 Kt 60 - Goods received from suppliers are credited

Dt 44 Kt 60 - Inclusion in the costs of the cost of work and services associated with the sale process

Dt 50 Kt 60 - Return by the supplier of the excess money paid to him to the cash desk of the organization

Dt 51 Kt 60 - Return by the supplier of the excess funds paid to him to the organization's current account

Dt 52 Kt 60 - Return by the supplier of the excess funds paid to him to the organization's foreign currency account

Dt 76.02 Kt 60 - Reflected the amount of the claim to the supplier

Dt 91.02 Kt 60 - Accounts of other organizations for services related to the disposal of other assets accepted for payment

Dt 94 Kt 60 - Reflection of shortage upon acceptance of values ​​received from the supplier

Dt 97 Kt 60 - Reflection of debt to suppliers for work performed, for which costs are charged to deferred expenses

MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION

ON APPROVAL OF THE CHART OF ACCOUNTS
FINANCIAL AND ECONOMIC ACTIVITIES OF ORGANIZATIONS
AND INSTRUCTIONS FOR ITS USE

(as amended by Orders of the Ministry of Finance of the Russian Federation dated 07.05.2003 N 38n,
dated 18.09.2006 N 115n, dated 08.11.2010 N 142n)

In pursuance of the Accounting Reform Program in accordance with International Financial Reporting Standards, approved by Decree of the Government of the Russian Federation of March 6, 1998 N 283, I order:

1. Approve the Chart of Accounts for accounting of financial and economic activities of organizations and instructions for its application.

2. Enter into force this order from January 1, 2001. The transition to the application of the Chart of Accounts for accounting of the financial and economic activities of organizations is allowed to be carried out during 2001, as soon as the organization is ready.

Minister of Finance of the Russian Federation A. Kudrin

Greetings. In this article, we will talk about providers.

Account transactions 60

About those organizations without which our company could not work. To account for suppliers in accounting, there is a section of accounting.

Accounting for settlements with suppliers - a minimum of theory

If we talk about the essence of the area of ​​work with suppliers, then let's just say two words - we buy and we pay. The details of this site are disclosed in situations that arise when we buy or pay. For example.

We buy materials, goods, fixed assets, services from suppliers. And if material values ​​came with additional amounts for transportation, then how to take them into account? And if it turns out that there is a marriage in the supply, a shortage. How to act here?

The supplier may say that we owe him a certain amount, but we have a completely different amount in our account. What to do? Here, reconciliation of mutual settlements is indispensable. And that is not all.

The supplier to whom we owe made a new firm and transferred our debt to it. what should we do in this case?

You see, there are many different situations. But they are simple and with a correct understanding of the essence - you can easily guess what kind of wiring is needed.

In addition, these situations for small enterprises are rare cases. In general, there is nothing difficult and terrible. Read the articles of the site, take practical classes and, in the shortest possible time, you will understand everything. Well, let's continue now.

Accounting accounts for accounting for settlements with suppliers

It is generally accepted in accounting to use two main accounting accounts for accounting for mutual settlements with the supplier. These accounts include:

• account 60 "Settlements with suppliers and contractors"
• 76.5 "Settlements with other suppliers and contractors"

When we work with suppliers, on these accounts we fix the debts arising from our company to them. Debts for the fact that we buy from them some material values ​​or services.

Primary documents for supplier accounting

The section of settlements with suppliers works in two directions: "we buy something from suppliers" and "we pay for purchases." We have our own primary documents for each direction.

1.Primary documents from the supplier to us

Treaty

One of the very first documents is a contract of sale, which is concluded between firms. However, it may not be, and firms cooperate. In practice, I noticed that when the tax office checks our company and draws attention to the absence of an agreement, then our company concludes it with a supplier.

In any case, the contract is the insurance of each participant, the supplier and our company, from any unpleasant deeds of one or the other. For example, the supplier delivered something to us or provided services, and we “waved our hand at him and didn’t say thank you.” Or, we paid the supplier in advance to deliver / bring us, for example, goods. And the supplier took it and "forgot" about us. In general, a contract is a legal document that describes the obligations of the two parties and the consequences for non-performance.

Supplier invoice

The second document from the supplier is an invoice for payment, which indicates what exactly we are buying, how much it costs and bank details. This document does not carry any legal force, but carries only background information. In this case, such a document serves as the basis for payment. Those. if our company decides to pay, then the basis for payment will indicate the details of the account: the number of such and such, from the number of such and such, from the counterparty of such and such, for the amount of such and such.

Expenditure invoice, or Act for the service, work performed

The supplier submits these documents to our company as the final result: goods and materials were brought, the service was rendered, the work was completed. The signature and seal of these documents on our part confirms our consent. And these documents already have legal force.

Supplier Invoice

The supplier attaches this type of document to the Invoice, to the Service Certificate or the Work Performed. This document is issued by those supplier companies that pay Value Added Tax (VAT). This document repeats the contents of the Invoice, Invoice, Acts. But the main essence of the invoice is to show how much the total invoiced amount of goods / services contains VAT (we'll talk about VAT in other articles).

2.Primary documents in our company

Checkout

As you understand, our company needs to issue documents for the purchase. Regardless of what we buy: materials, goods, fixed assets, services, we draw up a document of the appropriate type “Receipt / Purchase of something”. If required, we register the invoice of the supplier.

Payment processing

For our part, we pay the supplier. To decide which primary documents we will use, we need to decide How we will pay: Cash or Bank transfer (Cash or non-cash). After we decide, it remains for us to select the necessary documents.

Examples of primary documents for accounting for settlements with suppliers

Interaction of the supplier settlement area with other accounts

I suggest you do the task yourself. From what you have read now, worked through previous articles, write out the main accounting accounts with which account 60 interacts. You can remember - great. If not yet, open the chart of accounts and try to choose.

If you carefully studied the previous materials, then I am sure that the chart of accounts will not be required.

Plan of accounts for accounts payable to vendors

Now it's time to look into the chart of accounts and look at the 60 account, its characteristics and think about what it gives us.

As you can see, account 60 “Settlements with suppliers and contractors” has several sub-accounts and subconto. For us now, the scores 60.1 and 60.2 are of interest. Why?

Because these two sub-accounts separate the information into "Asset" and "Passive", look at the letters A and P. The information is divided so that our debts to the supplier must be on account 60.1 (because "P"). But if we pay in advance, i.e. we give an advance - we should already indicate 60.2.

If we have a debt to the supplier, and we pay a little more, then we will first close 60.1, and the rest will go to the advance, i.e. at 60.2.

Now another independent task. Write what the debt will be called on 60.1 and 60.2 accounts.

— The balance on the 60.1 account will go to the Balance Liability
— The balance on the 60.2 account will go to the Asset balance

Subconto "Contractors" will allow you to select a specific company name in the wiring.

Subconto "Agreements" will allow you to select a specific contract of the counterparty in the posting, within the framework of which the business transaction takes place.

These sub-accounts and sub-conto predict us that in SALT on account 60 we will see the situation with counterparties and their contracts: who owes whom how much, under which contract. What we don't see is exactly why.

Additionally

At trading or manufacturing enterprises, the accountant for accounting for suppliers is closely related to the work of the warehouse. The accountant cooperates with the storekeepers. Storekeepers directly accept the purchased goods, materials, check the marriage, quantity, and only then give the supplier's primary documents with their mark to the accounting department.

If necessary, claims are made to the supplier, a demand for the return of part of the money paid, or an additional payment.

An accountant with a storekeeper make an inventory of the warehouse, where they compare the accounting data and the actual data in the warehouse. The results of the inventory, and most often - shortages, surpluses, sorting are drawn up with their primary documents and accounting entries.