60 account.

most active flow of funds occurs when mutual organization with enterprise-level counterparts.The rate of turnover of funds, the existing debt indicators, the presence of penalties are criteria for evaluating the company's solvency.All of these positions are measured potential partners before entering into contracts.

chart of accounts used for accounting

run correctly accounting organizations, leading financial and tax accounting, created a single standard chart of accounts.All used business transactions are recorded in the corresponding position.To improve the efficiency of application are divided into groups by appointment.Section for interaction with contractors enterprise begins with the numbers 6, payments to suppliers - by 60, with buyers - 62, and so on. D. Describes a group consists of passive and active-passive accounts, which reflect the movement of financial flows under the concluded economic contracts.

challenges facing the accounting system of payments to contractors

Analysis of economic activity of the enterprise, efficiency and profitability of its work is evaluated on many criteria.These include monitoring of the financial flows in the calculations with suppliers.Book by 60 provides information that enables you to perform the following tasks:

• Control of the amounts due to contractors and suppliers of goods and materials (the information is relevant for the owners and for the provision of reliable financial statements).
• Formation of information base.On the basis of its turnover comes tracking speed.It is used in the formation of management reports.
• Monitoring compliance with contractual obligations, terms, volumes of deliveries and payments on them.
• Scheduling payments to suppliers in the allocation of financial resources.
• Exclusion of violation of the legislation and monitoring of late payments.

account number 60 60

used by enterprises as balance, regardless of the selected passive metering system, the organizational and legal forms of activity.It is designed to reflect the information for each of the suppliers and contractors.The basis for the beginning of the account are:

• conclude a contract for the supply of goods and materials, the main non-current assets, intangible assets;
• services of different nature (utilities, repairs and maintenance of buildings, structures, machinery and equipment);
• cargo transportation;
• works contract, and so on. D.

in a standardized chart of accounts referred to by 60 "Payments to suppliers and contractors."Synthetic consolidated records are maintained for all organizations.For analysts are sub-accounts.The account balance is reflected in the 60 storage form and shows the amount of debt the company of all suppliers and contractors.Analytical accounting for accurate and objective information must be conducted on an individual counterparty or contract.

Document 60

account for the formation of movement of payments to contractors 60 companies used the account.Driving on it is due to the receipt of the following documents:

1. invoice, waybill are documents for the emergence of the debt enterprises for materials supplied or services rendered or the amount of the down payment clearing.Invoice Receipt and also the rationale for the formation of book purchases (VAT receipt).
2. Money Order or request a bank statement serve to quench payables to contractors and suppliers.
3. obligating documents, partial or total elimination of debt in cash, through a cash payer organization.
4. completion certificate, which is signed by both parties, is taken as the basis for the payment of the amount specified in the contract.
5. credit order is carried out on the account 60 in the case of advance payment paid earlier repayment of the claims of the supplier in cash to the company.

the delivery of goods without the fact of receipt of the document is also reflected on the registers.At the time of presentation of commercial invoices by 60 adjusted for differences between the carrying value and the prices of goods on the documents submitted.

operations to the account 60

Balance, passive 60 through accounting arising from the company shows the amount of debt owed to contractors.Balance at the beginning and end of the period, as a rule, are credited.For individual providers can be a debit balance in the case of advance payment under the contract.In correspondence with the account 60 debit loan can be the following accounts:

• 07, ​​08 - the purchase, modernization and posting of fixed assets;
• 10 15 - materials, goods received from the supplier;
• 19 - VAT amount reflected in the commodity-transport documents;
• 20, 23, 25, 26 - work performed by third parties, attributable to an increase in the cost of the main and auxiliary production, general or overhead costs;
• 41 - purchased goods;
• 43 44 - an increase in trade costs by providing services to contractors;
• 50, 51, 52, 55 - return of cash or non-cash assets from the supplier (overpaid amounts paid as a result of the inability to advance the agreed delivery consignment of goods or sending partner in quality or other reasons, the calculations of the claim);
• 60 - offset previously paid as an advance payment amounts;
• 66 - quenching of the short-term loan (loans) due to assignment agreement;
• 76 - the amount of claims made by the buyer;
• 79 - the umbrella organization paid set branch or subsidiary of goods and materials;
• 91.2 - exchange rate (negative) difference in the calculations using the currency charged as other expenses.

operations D 60 accounts

Charged reflects transactions related to the settlement of accounts payable on a particular counterparty.Account 60 debit postings in correspondence with the following items:

• 10, 15 - received a refund from the buyer of goods and materials;
• 50 - payment of the invoice or the repayment of existing debt through cash company cash;
• 51 - cashless transfer from current or other accounts;
• 52 - Payments to suppliers currency (under the contract);
• 55 - Payment of funds blocked until the delivery (the money previously transferred from the settlement account of the organization of a special letter of credit on the bank of the recipient, the amount prescribed in the treaty obligations of signature of both parties);
• 60 - set off against the advance paid previously;
• 66 - extinguishing of debt to contractors at the expense of short-term loan;
• 76 - assignment of debt assignment agreement in favor of a third entity;
• 92 - write-off of accounts laid down in the following cases: the expiry of the limitation period, liquidation of the enterprise creditor, the exchange difference revaluation of debt, penalties provided for by the contract.