Off-balance sheet accounts

The principle of the balance sheet is the double registration of events, which are reflected in the duplication of loans and debits of accounts. If necessary, also use off-balance accounts, which do not fall into the balance, because they do not appear in a double entry. For various reasons, many objects are reflected through a single entry, in which case the account becomes credit or debit.

Off-balance accounts are used to register and reflect objects that are not owned by the enterprise by right of ownership, but are in temporary use. This group includes the main leased assets, commodity and material assets that are taken for safe keeping, accepted for commission, as well as equipment accepted for installation, the basic assets leased.

These objects are accounted for in a simple scheme on single accounts. Mandatory for off-balance accounts conduct and analytical accounting.

Off-balance sheet accounts are used to summarize traffic data and the availability of temporarily held assets, contingent liabilities and rights. In addition, they are used to control certain business transactions.

The system of accounts of accounting includes in its structure the following accounts (off-balance sheet).

The main leased assets are displayed on account 001, which is designed to reflect traffic data and the availability of fixed assets that are leased by the enterprise. Analytical accounting is carried out for each object (according to inventory numbers), by landlords. The main leased assets that are located outside the country are accounted for separately.

The group "off-balance accounts" includes account 002, which is called "Commodity and tangible assets that are taken for safekeeping". In this account, buyers (businesses) take into account the values that are accepted for storage, if the supplier received the goods values, but the enterprise refused to pay the payment requirements, as well as when receiving from the supplier values without payment, which are prohibited from spending on the terms of the contract, And materials that are taken for safekeeping.

Suppliers keep a record of the account of the goods paid by the buyer, but left to the responsible storage or unavailable for reasons beyond the control of the supplier. Analytical accounting is carried out in the places of storage, varieties, species and enterprises-owners.

Off-balance sheet accounts include "Materials that are accepted for processing" (003). Here, information on the movement and availability of materials and raw materials of customers that are accepted for processing or raw materials on a give-and-take basis is summarized. These assets accepted for processing are registered in accounting at prices that are stipulated in contracts.

On the account 004 the goods which according to договоры are accepted on the commission are reflected. The prices for the account are contained in the acceptance certificates, etc. Analytical accounting is carried out on the committent and types of goods.

Off-balance accounts display equipment that is accepted for installation (005). This account is used by contractors to account for the movement of all equipment that was received for installation from the customer. The prices are indicated in the accompanying documents, the analyst is conducted on aggregates and individual objects.

Forms of strict accountability (006) take into account issued for the report and stored forms of certificates, receipts, various subscriptions, diplomas, tickets, coupons, shipping documents, etc. Analytical accounting is carried out by storage locations and types of forms.

Out-of-balance accounts take into account indebtedness, written-off losses, insolvent debtors, depreciation of fixed assets, securing payments and liabilities.