Sch 99 its characteristics and purpose of wiring. Determination of financial results and closing of the year. Transfer of income and expenses

How is the final financial result of an enterprise’s activities for the year formed? How are the results summed up? In this article, we will take a closer look at account 99 “Profits and Losses”, why it is needed, and what transactions in account 99 are reflected during the year. Accounting for the financial results of an organization's activities shows the company's effectiveness.

In the last article we looked at it, where I already indicated the connection between the accounts. 90 and 99. We also looked at and saw the connection between the count. 91 and 99. Let's move on.

By the way, in the near future we will deal with .

Accounting for the financial results of an enterprise's activities

The financial result for the month is formed using the account. 99.

What does the financial result consist of?

financial results for main activities,
other income and expenses.
income and expenses related to emergency situations at the enterprise (fires, natural disasters, etc.).
accrued

By debit account 99 losses are reflected, and profits on the loan.

1. When reflecting the financial result for the main activities of the account. 99 corresponds with .

Postings to reflect profit and loss from main activities:

D90/9 K99- entry to reflect profit from the main activity.
D99 K90/9- entry to reflect losses from the main activity.

2. When taking into account other income and expenses, account. 99 corresponds with .

Postings for recording other income and expenses:

D91 K99- other income is taken into account.
D99 K91- other expenses are taken into account.

3. When accounting for income and expenses related to emergency situations, account. 99 corresponds with various accounts, .

4. When accounting for accrued income tax payments, account. 99 corresponds with .

At the end of the month, the total account balance is calculated. 99, if the final balance is debit, the organization is at a loss this month, if the balance is credit, it is in profit.

At the beginning of each month, the balance of account 99 is transferred from the previous month to the current month. Throughout the year, the balance of profits or losses accumulates in account 99 on an accrual basis. At the end of the year 99 closes with final entries on .

Video lesson “Accounting for profits and losses on account 99: typical entries, examples”

This video lesson reveals the rules of conduct accounting on account 99 “Profits and losses”, the corresponding accounts are sorted out, typical wiring and accounting examples. The lesson is taught by a consultant and expert of the site “Accounting for Dummies, chief accountant Gandeva N.V. ⇓

You can download the slides and presentation for the video using the link below.

Postings for closing account 99

D99 K84- final financial result - profit.
D84 K99- the final financial result is a loss.

At the beginning next year sch. 99 opens again.

As a result, on the account. 84, either profit (on credit) or loss (on debit) is reflected at the end of the year. Account 84 is used to distribute profits for any needs of the organization, for example, for payments to founders. Also, if previously on the account. 84 there was a loss, then this year’s profit can cover the loss of previous years.

This is where we end with the study of the Fundamentals of Accounting, we have analyzed the main business transactions occurring in the enterprise, and examined how the final financial result is calculated. Before we start preparing the accounting and tax reporting, let's look at taxation: what taxes exist, how they are calculated. I suggest you go to section Step 2.-.

This allows you to create a preliminary working balance that reflects the real financial position of the organization. Knowing everything distinctive features, which the 99th “Profit and Loss” account has, young professionals will be able to understand all the features of accounting. Do not forget about PBU, as well as reference and legal systems, without which the legal activities of enterprises are impossible. 18 Superfoods for a Healthy Heart Today we're going to talk about foods that should be in your diet on a regular basis. All of them will make the heart work without interruption... Healthy eating How to look younger: the best haircuts for those over 30, 40, 50, 60 Girls in their 20s don’t worry about the shape and length of their hair. It seems that youth is created for experiments with appearance and daring curls. However, already after...

Debit 99

To form the final financial result, account 99 “Profits and losses” is used, the debit of account 99 shows losses, the credit shows profits. The final results of activities for the year are shown in the balance sheet - detailed filling balance and completed sample. At the end of each month, the financial result from the activities for the past month is formed on accounts 90 and 91, the resulting final profit or loss is written off from these accounts to accounting account 99 with the following entries:

D90/9 K99 – profit from ordinary activities is reflected,
D99 K90/9 – losses from ordinary activities are reflected,
D91/9 K99 – profit from other income and expenses is reflected,
D99 K91/9 – losses from other income and expenses are reflected.

During the calendar year, profits and losses accumulate on account 99 from month to month.

Characteristics of account 99 in accounting

Accounting accounts are designed to record all monetary transactions. This review will examine in detail account 99 “Profit and Loss”. The reader will learn about what functions it performs, whether it can have its own categories, how to work with it and close it.
The information is accompanied by examples to help better explain the topic. Purpose of account 99 Every enterprise works to achieve main goal– increasing profits. Financial result is the sum of all income from each type of activity.
To sell goods or services, you will need to invest money, but how profitable this will be in the reporting period will become known after summarizing all the information on cash costs and receipts.

Account 99 “profit and loss”

Attention

Postings for closing account 99 at the end of the year:

D84 K99 – final financial result for the year – loss;
D99 K84 – final financial result for the year – profit.

Reformation of the balance sheet Reformation of the balance sheet is the closure of accounts related to the formation of the financial result of the company. Closing accounts means resetting their final balance to zero. The reform concerns the following accounts: 90 “Sales”, 91 “Other income and expenses”, 99 “Profits and losses”.

Based on the results of the reformation of the balance sheet on account 99, the final profit or loss is identified and transferred to account 84 by the entries indicated above. The Reformation allows you to end the year, reset your accounts and start accounting in the new year with a “clean slate.”

Formation of the final financial result

This is exactly what the 99 account is intended for, which can reflect:

increase or decrease in income from the main activity (D90 K99);
the balance of other expenses and income for the reporting period (D91 K99);
influence emergency situations on economic activity(force majeure, accidents);
accrual of amounts intended for calculating taxes (interaction with account 68).

Is it possible to open new subaccounts? According to the instructions, the account in question has no categories. An accountant can create them independently, taking into account the requirements of the enterprise (analysis, control, reporting).

Formation of financial results for the year

The same entry will reflect the accrual of fines and penalties to the budget for income tax, VAT and other taxes. Sanctions to extra-budgetary funds (for example, the Pension Fund of Russia) should be calculated as follows: Debit 99 – Credit 69 “Calculations for social insurance and security”. If accounting for profit calculations is carried out in accordance with PBU 18/02, then debit account 99 can also correspond, in particular, with account 09 “Deferred tax assets”. Thus, accounting entry D99 K09 is made when writing off a deferred tax asset in the event of disposal of the object for which it was accrued. Closing account 99 At the end of the year, account 99 is reset to zero with the difference assigned to account 84 “Retained earnings (uncovered loss)”: the so-called “balance sheet reformation” occurs.

Account 99 “profit and loss”

Correspondence on the loan Account 99 “Profits and losses” interacts on the loan with the following categories:

"Materials" (10).
“Financial transactions with suppliers and contractors” (60).
“Currency and current accounts” (52, 51).
“Retained earnings” (84).
“Sales of goods” (90).
“Shortages and damage from damaged valuables” (94).
“Reserves for future expenses” (96).
“Special bank accounts” (55).
“Intra-household calculations” (79).
“Financial transactions with creditors and debtors” (76).
“Other expenses and income” (91).
“Settlements with employees for various operations” (73).

Loan transactions The table provides some examples to help you understand what kind of loan entry account 99 may have, reflecting the profit (income) of the company. D10 K99 Identification of excess materials.

Account 99 is “profit and loss”. debit and credit account 99

Info

Subaccount 99-5 takes into account (reflects) emergency expenses by type or group (as a result of fires, death of livestock due to epizootics, loss of agricultural crops as a result of drought, etc.). Subaccount 99-6 takes into account (reflects) operations for calculating income tax and financial sanctions (amounts of income tax, fines and penalties to the budget). Subaccount 99-7 takes into account (reflects) the profit or loss of the reporting year, identified by comparing the total profit and total loss on subaccounts 99-1, 99-2, 99-3, 99-4, 99-5, 99-6.

At the end of the reporting year, when preparing annual financial statements, account 99 “Profits and losses” is closed. In this case, by the final entry of December, the amount of net profit (loss) of the reporting year is written off from account 99 “Profits and losses” to the credit (debit) of account 84 “Retained earnings (uncovered loss)”.
To do this, credit and debit turnovers are compared on the last day of each month: Account 90 “Sales” Debit Credit 18,000 118,000 85,000 Turnover 103,000 Turnover 118,000 Balance 15,000 In order for account 90 to be closed at the end of the month, it is necessary to debit it for 15,000 rubles : Operation Account debit Account credit Amount, rub. Profit at the end of the month from ordinary activities 90 is reflected, subaccount “Profit/loss from sales” 99 15,000 Thus, account 90 is closed: Account 90 “Sales” Account debit Account credit 18,000 118,000 85,000 15,000 Turnover 118,000 Turnover 118,000 - - If at the end of the month the debit turnover of account 90 turns out to be greater than the credit turnover, then a loss occurs, which is reflected by the reverse entry: Debit 99 – Credit 90.

Closing debit balance on account 99 profit and loss

During the reporting year, account 99 “Profits and losses” reflects: - profit or loss from ordinary activities - in correspondence with account 90 “Sales”; - balance of other income and expenses for the reporting month - in correspondence with account 91 “Other income and expenses”; - losses, expenses and income due to emergency circumstances of economic activity (natural disaster, fire, accident, nationalization, etc.) - in correspondence with accounting accounts material assets, settlements with personnel for wages, cash etc. Extraordinary income is considered to be income arising as a consequence of extraordinary circumstances of economic activity (natural disaster, fire, accident, nationalization, etc.): insurance compensation, the cost of material assets remaining from the write-off of assets unsuitable for restoration and further use, etc. .
Similarly, profit and loss are identified for other types of activities, income and expenses from which are recorded in account 91: Debit 91 – Credit 99 means that profit was generated for other activities at the end of the month. Debit 99 – Credit 91 means that there was a loss for other income and expenses for the month. Account 99 - for calculations of income tax Account 99 during the year also reflects the amounts of accrued conditional expenses and income for income tax, permanent tax liabilities and assets and payments for recalculation of this tax from actual profit, as well as amounts due for payment tax sanctions.

Thus, the accrual of a conditional income tax expense in accordance with PBU 18/02, as well as simply income tax on the basis of a declaration, if calculations are not kept in accordance with PBU 18/02, will look like this: Debit 99 – Credit 68.

Account 99 “Profits and losses” is intended to summarize information on the formation of the final financial result of the organization’s activities in the reporting year.

The final financial result (net profit or net loss) is composed of the financial result from ordinary activities, as well as other income and expenses, including extraordinary ones.

The debit of account 99 “Profits and Losses” reflects losses (losses, expenses), and the credit shows profits (income).

A comparison of debit and credit turnover for the reporting period shows the final financial result of the reporting period.

The following sub-accounts can be opened to account 99 “Profits and losses”:

99-01 "From ordinary activities";

99-02 “Balance of other income and expenses”; 99-

03 “Losses, expenses and income due to emergency circumstances of economic activity”; 99-

04 "Profit tax/imputed income"; 99-

06 "Fines, penalties for taxes and fees"; 99-

07 "Financial result of the reporting year."

Subaccount 99-01 “From ordinary activities” reflects profit or loss from ordinary activities of enterprises for the reporting period in correspondence with account 90 “Sales”, subaccount 09 “Profit/loss from sales”. At the end of the reporting year, when preparing the annual financial statements, the balance of subaccount 99-01 “From ordinary activities” in the amount of net profit (loss) is assigned to subaccount 99-07 “Financial result of the reporting year”.

Subaccount 99-02 “Balance of other income and expenses” reflects the balance of other income and expenses for the reporting period in correspondence with account 91 “Other income and expenses”, subaccount 09 “Balance of other income and expenses”.

The balance of operating income and expenses at the end of the reporting year is written off to subaccount 99-07 “Financial result of the reporting year.”

The debit of subaccount 99-03 “Losses, expenses and income in connection with emergency circumstances of economic activity” reflects losses, expenses and income in connection with emergency circumstances of economic activity (natural disaster, fire, accident, nationalization, etc.): -

the residual value of fixed assets disposed of as a result of emergency circumstances - in correspondence with account 01 “Fixed Assets”; -

the cost of equipment lost as a result of emergency circumstances - in correspondence with account 07 “Equipment for installation”; -

the cost of investments in non-current assets subject to write-off as a result of emergency circumstances - in correspondence with account 08 “Investments in non-current assets”; -

the cost of materials lost as a result of emergency circumstances, as well as those used to eliminate the consequences of emergency circumstances - in correspondence with account 10 "Materials", as well as the amount of deviations in the cost of materials attributable to disposed assets, in correspondence with account 16 "Value deviation material assets"; -

the cost of animals that died or were slaughtered due to epizootics or natural disasters - in correspondence with account 11 “Animals for growing and fattening”; -

the cost of work and services of the main, auxiliary, service production, as well as general production and general business expenses in connection with emergency circumstances - in correspondence with cost accounts: 20 "Main production", 23 "Auxiliary production", 25 "General production expenses", 26 " General expenses", 29 "Service production"; -

cost of semi-finished products own production subject to write-off due to emergency circumstances - natural disasters, as well as the liquidation of their consequences - in correspondence with account 21 “Semi-finished products of own production”; -

the cost of uncompensated losses of goods - in correspondence with account 41 “Goods”; -

the amount of value added tax on acquired inventory items lost as a result of emergency circumstances - in correspondence with account 19 “Value added tax on acquired assets” or 68 “Calculations for taxes and fees”, subaccount 04 “Calculations for tax on added value"; - the cost of losses of finished products due to emergency circumstances - in correspondence with invoice 43 " Finished products"; -

the amount of sales expenses related to the liquidation of the consequences of emergency circumstances - in correspondence with account 44 “Sales expenses”; -

cash lost as a result of emergency circumstances - in correspondence with account 50 “Cashier”; -

the amount of funds in current and foreign currency accounts subject to write-off as a result of emergency circumstances - in correspondence with account 51 “Currency accounts” and account 52 “Currency accounts”, respectively; -

the amount of securities lost as a result of emergency circumstances - in correspondence with account 58 “Financial investments”; -

accrued wages to employees for eliminating the consequences of emergency circumstances, as well as a unified social tax and social insurance contributions from the amount wages- in correspondence with accounts: 70 “Settlements with personnel for wages”, 69 “Calculations for social insurance and security”; -

amounts of expenses related to emergency circumstances, paid through accountable persons, as well as write-off of receivables of an accountable person in connection with emergency circumstances - in correspondence with account 71 “Settlements with accountable persons”; -

write-off of debt of enterprise employees due to emergency circumstances - in correspondence with account 73 “Settlements with personnel for other operations”; -

invoices of various debtors and creditors accepted for payment for work performed, services provided in the prevention of natural disasters or liquidation of their consequences - in correspondence with account 76 “Settlements with various debtors and creditors”; -

write-off of deferred expenses related to emergency circumstances - in correspondence with account 97 “Deferred expenses”; -

profit received as a result of emergency circumstances, subject to write-off at the end of the reporting year - in correspondence with subaccount 99-07 "Financial result of the reporting year".

On the credit of subaccount 99-03 “Losses, expenses and income due to emergency circumstances of economic activity” the following are reflected: -

materials obtained from dismantling property damaged or lost as a result of emergency circumstances - in correspondence with account 10 “Materials”; -

amounts received at the cash desk or to the organization’s accounts due to emergency circumstances, including the amount of insurance compensation, - in correspondence with accounts: 50 “Cashier”, 51 “Settlement accounts”, 52 “Currency accounts” or account 76 “Settlements with different debtors and creditors"; -

loss incurred as a result of emergency circumstances, subject to write-off at the end of the reporting year - in correspondence with subaccount 99-07 "Financial result of the reporting year".

Every month, by comparing debit and credit turnover in subaccount 99-03 “Losses, expenses and income due to emergency circumstances of economic activity,” the balance of emergency income and expenses is determined.

The balance of extraordinary income and expenses at the end of the reporting year is written off to subaccount 99-07 “Financial result of the reporting year.”

The debit of subaccount 99-04 "Profit tax/imputed income" reflects the accrual of conditional income tax expense in correspondence with account 68 "Calculations for taxes and fees", subaccount 01 "Calculations for income tax", as well as the accrual of a single tax on imputed income in correspondence with subaccount 68-80 “Calculations for other taxes and fees”.

The accrual of conditional income for income tax is reflected in the credit of subaccount 99-04 “Income tax/imputed income” in correspondence with subaccount 68-01 “Income tax calculations”.

The debit (credit) of subaccount 99-04 “Profit tax/imputed income” also reflects the accrual of constant tax liability(permanent tax asset) in correspondence with subaccount 68-01 “Calculations for income tax”.

A permanent tax liability (a permanent tax asset) is accounted for in an amount determined as the product of the permanent difference that arose in the reporting period and the profit tax rate established by the legislation of the Russian Federation on taxes and fees and in effect on the reporting date.

In addition, subaccount 99-04 “Income tax/imputed income” reflects the write-off of deferred tax assets and deferred tax liabilities in correspondence with the credit of account 09 “Deferred tax assets” and the debit of account 77 “Deferred tax liabilities,” respectively. In this case, amounts are subject to write-off by which the taxable profit of both the reporting period and subsequent reporting periods will not be reduced/increased.

periods.

At the end of the year, subaccount 99-04 “Profit tax/imputed income” is closed to subaccount 9907 “Financial result of the reporting year.”

The debit of subaccount 99-06 “Fines, penalties for taxes and fees” reflects the accrual of due tax sanctions in correspondence with account 68 “Calculations for taxes and fees”.

The credit of subaccount 99-06 “Fines, penalties for taxes and fees” reflects the write-off of losses from the accrual of tax sanctions at the end of the reporting year in correspondence with subaccount 99-07 “Financial result of the reporting year.”

Subaccount 99-07 “Financial result of the reporting year” reflects: -

balance of profits and losses from ordinary activities - in correspondence with subaccount 99-

01 "From normal activities"; -

balance of other income and expenses at the end of the reporting year - in correspondence with subaccount 99 2

"Balance of other income and expenses"; -

the balance of emergency income and expenses - in correspondence with subaccount 99-03 “Losses, expenses and income due to emergency circumstances of economic activity”; -

loss from the accrual of income tax - in correspondence with subaccount 99-04 “Income tax/imputed income”; -

loss from the accrual of tax sanctions at the end of the reporting year - in correspondence with subaccount 99-06 "Penalties, fines on taxes and fees"; -

the amount of net profit (loss), determined at the end of the reporting year, in correspondence with account 84 “Retained earnings (uncovered loss)”.

Analytical accounting for account 99 “Profits and losses” must be maintained for each item of profit and loss and ensure the generation of data necessary for the preparation of financial statements.

Table 8.7.

Account 99 "Profits and losses" corresponds with the accounts On debit On credit 01 "Fixed assets" 10 "Materials" 03 "Profitable investments in material assets" 50 "Cash" 07 "Equipment for installation" 51 "Current accounts" 08 "Investments in non-current assets" 52 "Currency accounts" 10 "Materials" 55 "Special accounts in banks" 11 "Animals for growing and fattening" 60 "Settlements with suppliers and contractors" 16 "Deviation in the cost of material assets" 73 "Settlements with personnel for other operations" 19 "Value added tax on acquired assets" 7 6 "Settlements with various debtors and creditors" 20 "Main production" 7 9 "Intra-business settlements" 21 "Semi-finished products of own production" 84 "Retained earnings (uncovered loss)" 23 " Auxiliary production" 90 "Sales" 25 "General production expenses" 91 "Other income and expenses" 2 6 "General business expenses" 94 "Shortages and losses from damage to valuables" 28 "Defects in production" 96 "Reserves for future expenses" 29 "Service production and households" 41 "Goods" 43 "Finished products" 4 4 "Sale expenses" 4 5 "Shipped goods" 50 "Cash" 51 "Cash accounts" 52 "Currency accounts" 58 "Financial investments" 68 "Calculations for taxes and fees" 69 "Settlements for social insurance and security" 7 0 "Settlements with personnel for wages" 71 "Settlements with accountable persons" 73 "Settlements with personnel for other operations" 7 6 "Settlements with various debtors and creditors" 7 9 " On-farm calculations" 8 4 "Retained earnings (uncovered loss)" 90 "Sales" 91 "Other income and expenses" 97 "Deferred expenses" Need books, help in writing dissertations, diplomas and coursework? www.InetLib.Ru - Your ASSISTANT IN EDUCATION! W.W.W...I.n.e.t.L.i.b. Ru. -

Account 99 in accounting is maintained in subaccounts depending on the calculations of profit and loss:

the balances on accounts 90 and 91 form the financial result on account 99;
income tax from account 68.04 is closed to account 99;
temporary and permanent differences form conditional income/expenses;
balance sheet reformation closes account 99 for retained earnings (uncovered loss) on account 84.

Account 99 “Profits and losses” is characterized as cumulative for positive and negative financial results economic activities of enterprises.

How is the structure formed?

In accounting, account 99 is classified as active-passive, since by credit you can see generalized information about the profit received, and by debit - all losses resulting from recorded expenses.

Profits and losses are generated through:

90 “Sales” - used by companies to reflect income and expenses from sales for their core activities;
91 “Other income and expenses” - it accumulates income and expenses from other activities;
conditional income/expense from the application of tax is calculated;
penalties are reflected.

Constant and deferred tax liabilities and assets take an active part in the formation of the results.

Important point! The count 99 is synthetic. Analytical accounting should be carried out without fine detail, grouping the information necessary to generate a statement of financial results.

Sub-accounts where information is collected:

99.01 “Profits and losses from business activities.”
99.02 “Income tax”.
99.07 “Other profits and losses.”
99.09 “Net profit/loss”.

In turn, subaccounts are divided into smaller groups. Thus, 99.02 is formed as a result of movements:

99.02.01 “Conditional income tax expense”;
99.02.02 “Conditional income for income tax”;
99.02.03 “Permanent tax liability (asset)”;
99.02.04 “Recalculation of deferred tax assets and liabilities.”

Transfer of income and expenses

Account 99 is an indicator of the final financial result of the company’s activities; whether it will be negative or positive depends on movements in accounts 90 and 91.

Accounts 90 and 91, according to accounting rules, must be closed monthly, that is, the balance is reset to zero. They are closed using correspondence from account 99.

Example of using account 99

The company receives income from renting out premises. Acts and invoices for rent must be issued on the last day of the month, which is confirmed by letter of the Department of Tax and Customs Policy of the Ministry of Finance of Russia dated June 5, 2018 No. 03-07-09/38397.

Therefore, revenue is finally formed at the end of the month and must be closed immediately to reset the balances. Entries are made:

Dt 62.01 “Settlements with buyers and customers” Kt 90.01 “Revenue” - rent was charged in the amount of 5,000,000 rubles;
Dt 90.03 “Value added tax” Kt 68.02 “Value added tax” - VAT payable in the amount of 18% of the amount of revenue is charged 762,711.86 rubles;
Dt 90.02 “Cost” Kt 20 “Main production” - cost reduced rent of the costs incurred in the amount of 3,200,000 rubles.

When comparing the results for the reporting period for subaccount 90.01, a positive credit balance is obtained in the amount of 1,037,288.14 rubles. Account closing posting:

Dt 90.01 Kt 99.01 in the amount of 1,037,288.14 rubles, profit was received from the sale of services.

If in the end there was a loss, it should be closed to the debit of account 99.

How is income tax reflected?

In addition to sales, income tax has a necessary influence on the formation of 99 accounts. Unlike accounting, tax accounting may or may not accept certain income and expenses for tax purposes. The differences between the accounts are called permanent and temporary.

Reference! The differences result in deferred tax assets (DTA) or deferred tax liabilities (DTL), depending on who is owed as a result of the firm's operations.

If the enterprise becomes indebted to the Federal Tax Service, then tax liabilities begin to arrive, which are taken into account in account 77 “Deferred tax liabilities.”

The debt of the Federal Tax Service to the enterprise obtained as a result of calculations is intended to ensure the reduction of the tax liability. They are accounted for in account 09 “Deferred tax assets”.

Accounts 09 and 77 correspond with 68.04 “Income tax”, which must be closed monthly on account 99. In this way, income tax is calculated in accounting and transferred to account 99 for reflection in the income statement. Wiring plan:

Dt 68.04 Kt 77 - tax accrued from IT;
Dt 99 Kt 68.04 - the conditional income tax expense has been reduced;
Dt 09 Kt 68.04 - a loss was incurred from ONA;
Kt 68.04 Dt 99 - conditional income from the company’s losses is accrued.

Why reset profit and loss totals in accounting?

After all the numbers fall into the 99th account, you need to close it. Regardless of the other accounts involved in the formation, account 99 will be reset to zero during the annual balance sheet reformation. All data of the organization using this regulatory operation will be reflected in the account “Retained earnings (uncovered loss)”:

Dt 99 Kt 84 - net profit received;
Dt 84 Kt 99 - there is a current loss.

The purpose of operations on account 99 is the enterprise’s plan to see the end of its efforts to make a profit. For reporting, it can be used when reconciling with form No. 2.

Important point! Score 99 in balance sheet after closing at 84, the result is reflected in a special line 1370 in section III“Capital and reserves” liability. By subtracting this line from the other lines of the section, we obtain a very significant indicator for organizations in any field - net assets, by which one can judge financial stability.

Legal status depends on the current fiscal policy, since changes are constantly being made to the Tax Code.

Each enterprise has the most important and most important goal of its activities - a systematic increase in profits. The financial result of a work process can only be assessed by summing up the income of each area of the organization. This important point, since only on the basis of this information is it worth making a decision on investment. Acting at random is fraught with serious risks and unpleasant consequences. This is why it is so important to track information about cash costs and receipts. This is exactly the kind of reporting available on account 99.

Throughout the entire working year, data on the organization’s profits and losses is stored in this account. Operations are taken into account not only in the main activity of the company, but also in all other areas. At the very end of the working year, a report is generated that compares credit and debit data. Account 99 is eventually closed by writing off the remaining funds on account 84.

The count 99 itself is considered active-passive. In its debit you can see the loss resulting from financial transactions, and in its credit the profit is reflected. All basic characteristics of account 99 can be viewed in the Chart of Accounts, which was established by order of the Ministry of Finance under number 94n dated October 31, 2000.

According to the above-mentioned order, throughout the entire working year, information on the following aspects of the organization’s activities is accumulated and stored on account 99:

1. Increase and decrease in income from the main activity of the organization. This can be seen in the wiring of the Dt90 Kt99.

2. The balance of all other income and expenses incurred during the reporting period. Wiring Dt91 Kt99.

3. The impact of unexpected and unplanned situations on the business activities of the company. We are talking about all kinds of force majeure, industrial accidents, etc.

4. Amounts intended for calculating tax payments. Both fixed income tax liabilities, penalties and other charges are taken into account. Wiring Dt68 Kt99.

If the organization is engaged in the area agriculture, then, according to the above-mentioned Chart of Accounts, when comparing debit and credit turnovers on account 99, the following results appear financial activities, How:

1. Force majeure related to sudden natural disasters, fire, etc. In this case, the transactions selected are those on which the corresponding expenses are noted.

2. Based on the first point, it is possible to receive income in the event of unplanned situations. For example, insurance claims related to compensation for destruction caused by natural disasters. Income from the sale of materials obtained during the dismantling of unfit for use buildings and structures is also possible.

Basic postings

According to Order of the Ministry of Finance No. 94n, the following correspondence from account 99 can be distinguished:

Dt 99 Kt 01, 03, 07, 08, 10, 11, 16, 19, 20, 21, 23, 25, 26, 28, 29, 41, 43-45, 50-52, 58, 68-71, 73 , 76, 79, 84, 90, 91, 97.

Dt 10, 50-52, 55, 60, 73, 76, 79, 84, 90, 91, 94, 96 Kt 99.

The debit shows expenses, the credit shows income. Comparison of turnover for the required reporting period allows you to see the final financial result and understand whether the company’s activities are profitable.

Debit 99 - penalties

Account 99 allows you to see all tax debts accrued to the organization, as well as write-offs of the necessary amounts to pay off outstanding debts. Moreover, it is worth considering that when transferring fines to the state budget, the posting Dt68 Kt51 is used. And when calculating tax sanctions - Dt99 Kt68.

It is necessary to distinguish between fines and penalties, since these are completely different concepts, and information on them is reflected in different accounts. A fine is accrued immediately when one or more reasons arise (an accounting report not submitted on time, unpaid tax or insurance premium, deliberate reduction of tax liability). Its size is strictly determined by law. Penalty is a penalty payment calculated for each day of late payment. Percentage is 1/300 of the refinancing rate of the Central Bank of the Russian Federation.

99 accounting account shows only fines, but not penalties, which is regulated by Article 114 of the Tax Code of the Russian Federation. Penalties can be seen by wiring Dt91.2 Kt68.