other expenses

Accounting for income and expenses from the categorynon-operating and operational is carried out on a special account 91, to which sub-accounts are often opened. Sub-account 91-1 "Other income" is designed to account for non-operating and operating income. Sub-account 91-2 "Other expenses" is necessary for the bookkeeping of operating and non-operating expenses. Subsidy 91-9 is needed to identify the difference between other income and expenses for the previous period.

Accounting for other expenses

Submission of records on specified sub-accountsis accumulated for the entire reporting year. At the end of the month it is customary to determine the balance for the reporting month. The balance is described on a monthly basis in a special sub-account. When the reporting year is over, all sub-accounts that are opened to account 91, except for the sub-account, are closed by records under sub-account 91-9.

For the subaccount 91-1 on its loan are reflected:

- income associated with the provision of a non-permanent use of the company's assets for a fee;

- income associated with the granting of rights arising from patents for industrial images, inventions, as well as other types of intellectual property for a fee;

- income associated with other organizations in participating in the authorized capital;

- proceeds related to sales and other write-off of fixed assets, as well as other assets that are different from products, cash, goods;

- interest associated with making a profit forthe provision of financial assets of the organization for use, as well as interest for the use of funds by the bank in the account in which the funds of the organization are located.

Other operating expenses are accounted for under the debit 91-2:

- costs associated with the provision of a non-permanent use of the company's assets for a fee;

- expenses for granting rights related to patents for industrial designs, all kinds of inventions, as well as other types of intellectual property for a fee;

- expenses associated with participation of other organizations in the authorized capital;

- costs that are associated with the disposal, sale, as well as other write-off of funds and assets other than goods, financial assets and products;

- residual value of assets, interest paid by the organization, costs associated with payment for services, estimated reserves and deductions.

other expenses

Regulations on accounting 10/99 regulatesoperating expenses. It takes into account the costs of direct activities of the company, in addition to those that make up the cost of production, which has already been realized. Operational costs are considered to be related to the following:

- participation of other companies in the authorized capital;

- the provision of the company's assets for temporary use;

- retirement, write-off of goods or basic tangible assets;

- deductions to specialized appraisal reserves;

- payment of loans and credits;

- deductions to reserves.

Other expenses are related to the Tax Code. It is customary to include the amount of fees and taxes that are credited to the financial performance of the company.

Operating expenses includesale of funds. To them it is customary to refer the residual value, expenses for packaging, transportation and others. Operating expenses from write-offs should be reflected in the reporting period with which they are linked.

Information on the costs of an institutionmust be disclosed in the accounting documentation. The company's profit and loss account contains expenses divided by the cost of goods, products, services, works, management and commercial expenses, non-operating and operating expenses, as well as extraordinary, if any. All this belongs to the category "Other expenses".