An accountant in his work is faced with employee vacations. If the manager's duties include drawing up an order and other administrative documents for vacation, then an employee of the accounting department "breaks" his head over how to reflect vacation payments in the report.
Instructions
Step 1
In accordance with Russian law, personal income tax must be withheld from vacation amounts due to employees. Reflect these operations using the following correspondences of accounts: - D20 (23, 25, 26, 44) K70 - vacation pay was accrued to the employee; - D70 K68 subaccount "personal income tax" - personal income tax withheld from vacation payments.
Step 2
Reflect the paid and accrued amounts of personal income tax in the annual report, which is submitted to the tax office at the place of registration. The report form consists of a 3-NDFL certificate and a register of information.
Step 3
Calculate insurance premiums for vacation payments. They are taken into account when calculating income tax in the period when they were actually accrued. In accounting, reflect this by posting: - D20 (23, 25, 26, 44) K69 - the accrual of insurance premiums is reflected.
Step 4
Note that a deferred tax liability is generated as a result of differences in the recognition of expense in tax and accounting. According to PBU, you must multiply this amount by the income tax rate and reflect by posting: - D68 K77 - a deferred liability is reflected.
Step 5
You can also pay vacation pay from the reserve. In accounting, reflect the operations using the following entries: - D20 K96 - the creation of the reserve fund is reflected; - D96 K69, 70 - the expenses for paying vacation payments are reflected.
Step 6
In tax accounting, the expense for payment of vacation payments is not reflected, due to this, a deferred tax asset is formed. Reflect all these operations in tax accounting as follows: - D09 K68 - the deductible temporary difference is reflected; - D26 K69, 76 - the expenses for payment of vacation payments are reflected; - D68 K09 - the decrease in the temporary difference is reflected.
Step 7
Reflect the amount of vacation payments in the reporting period in the statement of the balance sheet and in the income tax return. You should also indicate them in the explanations for the report.
