Insurance is a relationship to protect the interests of individuals or legal entities in the event of insured events. When concluding a contract with a company engaged in such activities, the company incurs certain costs in the amount of the cost of the policy. This raises the question of writing off insurance to the expenses of the organization.
Instructions
Step 1
Reflect in the accounting the payment under the insurance contract on the basis of the payment order, bank statements: - Debit of account 76 "Settlements with other debtors and creditors", Credit account 51 "Current account" - the payment to the insurer organization has been paid.
Step 2
Consider the cost of the insurance policy in the current expenses of the organization in a lump sum on the date of payment of the contribution with the cash method of recognizing expenses, in accordance with paragraph 3 of Article 273 of the Tax Code of the Russian Federation. The posting in accounting will be as follows: Debit of account 20 "Main production" (23, 25, 44), Credit of account 76 "Settlements with other debtors and creditors" - the cost of the policy is taken into account in the current expenses of the organization. The supporting documents for the entry will be the contract and the policy. In tax accounting, write off the cost of insurance as part of other expenses related to production and sale in the same tax period.
Step 3
Attach the cost of insurance to the expenses of the organization on an accrual basis, in accordance with paragraph 6 of Article 272 of the Tax Code, if the contract is concluded for a period of more than one year. In this case, write off the expenses of the organization for insurance evenly during the period of validity of the policy in proportion to the number of calendar days of this period on the basis of a monthly accounting statement.
Step 4
Write off in tax accounting the amount of the deductible temporary difference and the deferred tax asset in the debit of account 09 "Deferred tax assets". Write off on a monthly basis on the basis of the accounting reference-calculation a decrease in the deferred tax asset by posting: Debit of account 68 "Calculations for taxes", Credit of account 09 "Deferred tax assets".
Step 5
Make entries in accounting when an insured event occurs: - Debit of account 76 "Settlements with other debtors and creditors", Credit of account 01 "Fixed assets" (08, 10, 41) - damage to property is reflected; - Debit of account 51 "Current account", Account 76 credit - cash compensation paid under the policy is taken into account; - Account 99 debit “Profits and losses”, Account 76 credit - loss from an insured event is recognized, or Account 76 debit, Account 99 credit - income is recognized. Draw up the profit or loss calculation in the form of an accounting statement.
