The account credit shows 60.01. Expanded balance. Linking statement data with financial statements

Account 60 “Settlements with suppliers and contractors” is intended to summarize information on settlements with suppliers and contractors for:

inventory items received, accepted work performed and services consumed, including the provision of electricity, gas, steam, water, etc., as well as for the delivery or processing of material assets, payment documents for which are accepted and subject to payment through the bank;

inventory items, works and services for which payment documents were not received from suppliers or contractors (so-called uninvoiced deliveries);

surplus inventory items identified during their acceptance;

transportation services received, including calculations for shortfalls and overcharges of the tariff (freight), as well as for all types of communication services, etc.

Organizations that perform the functions of a general contractor during the execution of a construction contract, a contract for the performance of research, development and technological work and other contracts, also reflect settlements with their subcontractors on account 60 “Settlements with suppliers and contractors”.

All transactions related to settlements for acquired material assets, accepted work or consumed services are reflected in account 60 “Settlements with suppliers and contractors” regardless of the time of payment.

Account 60 “Settlements with suppliers and contractors” is credited for the cost of inventory, work, and services accepted for accounting in correspondence with the accounts for recording these values ​​(or bills 15“Procurement and acquisition of material assets”) or accounts for relevant costs. For services for the delivery of material assets (goods), as well as for the processing of materials on the side of the credit entry, account 60 “Settlements with suppliers and contractors” are made in correspondence with the accounts for inventory, goods, production costs, etc.

Regardless of the assessment of inventory items in analytical accounting, account 60 “Settlements with suppliers and contractors” in synthetic accounting is credited according to the supplier’s settlement documents. When the supplier's invoice was accepted and paid before the cargo arrived, and upon acceptance of the incoming inventory items into the warehouse, a shortage was discovered in excess of the amounts stipulated in the contract against the invoiced quantity, and also if, when checking the supplier's or contractor's invoice (after the invoice was accepted ) discrepancies in prices stipulated by the contract were discovered, as well as arithmetic errors, account 60 “Settlements with suppliers and contractors” is credited for the corresponding amount in correspondence with score 76“Settlements with various debtors and creditors” (sub-account “Settlements for claims”).

For uninvoiced deliveries, account 60 “Settlements with suppliers and contractors” is credited for the cost of incoming valuables, determined based on the price and conditions stipulated in the contracts.

Account 60 “Settlements with suppliers and contractors” is debited for the amounts of fulfillment of obligations (payment of bills), including advances and prepayments, in correspondence with cash accounts, etc. In this case, the amounts of advances issued and prepayments are accounted for separately. Amounts of debt to suppliers and contractors, secured by bills of exchange issued by the organization, are not written off from account 60 “Settlements with suppliers and contractors”, but are taken into account separately in analytical accounting.

Analytical accounting for account 60 “Settlements with suppliers and contractors” is maintained for each submitted invoice, and settlements in the order of scheduled payments are maintained for each supplier and contractor. At the same time, the construction of analytical accounting should ensure the possibility of obtaining the necessary data on: suppliers on accepted and other payment documents for which the payment period has not yet arrived; to suppliers for payment documents not paid on time; to suppliers for uninvoiced deliveries; advances issued; to suppliers on bills issued, the payment period of which has not yet arrived; to suppliers for overdue bills of exchange; to suppliers for received commercial loans, etc.

Accounting for settlements with suppliers and contractors within a group of interrelated organizations, about the activities of which consolidated financial statements are prepared, is kept on account 60 “Settlements with suppliers and contractors” separately.

Account 60 "Settlements with suppliers and contractors"
corresponds with accounts

Application of the chart of accounts: account 60

• The organization issues its own bill of exchange and settles it with the supplier: accounting entries

  Debts to suppliers and contractors, secured by bills of exchange issued by the organization, are not written off from account 60 “Settlements with suppliers and contractors” ..., but are taken into account separately in analytical accounting. To account for the issue and ... in the following way: Debit 60, subaccount “Settlements with suppliers "Credit 60, subaccount "Settlements for issued... can be as follows: Debit 60, subaccount "Settlements with supplier" Credit 66 (67 ...

• Security costs. Accounting and tax accounting

  For protection in accounting, account 60 “Settlements with suppliers and contractors” is credited to the contractual... for purchased services", and to the credit of account 60. Amounts transferred to the contractor in... payment for services rendered are reflected in the debit of account 60 and... . credit account 51 "Settlement accounts" (Instructions for... sales" in correspondence on the credit account 60 "Settlements with suppliers and contractors" (clause 5 ...

• Tachograph. Accounting and Taxation

  With the debit of account 68 “Calculations for taxes and fees”. Further, in accordance with... accessories", in correspondence with the credit of account 60 "Settlements with suppliers and contractors" (Instructions for... using the Chart of Accounts accounting... values" in correspondence with the credit of account 60. An organization can accept to... account 68 "Calculations for taxes and fees" in correspondence with the credit of account...

• Logistics costs: accounting and taxation

  To account for goods Account 41 “Goods”/ subconto Coffee maker 60 “Settlements with suppliers and contractors” 1,002,593 ... Account 41 “Goods”/ subconto Washing... on account 44 by posting: Debit account 44 “Sales expenses” To 60 “Settlements with suppliers and contractors” - 45 ... acquired values”* 60 “Settlements with suppliers and contractors” (76 “Settlements with various debtors and creditors”) * The supplier has the right to accept VAT...

• Major bug fixes

  Entries: Debit account 26 “General business expenses”, Credit account 60 “Settlements with suppliers and contractors” - 500,000 rubles... cost of acquired assets”, Credit account 60 “Settlements with suppliers and contractors” - 90 000 rubles. – taken into account... “Retained earnings (uncovered loss)”, Credit to account 60 “Settlements with suppliers and contractors” - 500,000 rubles. - an additional amount has been accrued... the cost of purchased valuables”, Credit to account 60 “Settlements with suppliers and contractors” - RUB 90,000. - taken into account...

• Write-off of receivables in the form of an advance

  Sub-accounts opened to account 60 “Settlements with suppliers and contractors”: 60-1 “Settlements with suppliers”; 60-2 “Advances issued”; 60-3 “VAT on... Listed cash to the supplier on account of future delivery of goods 60-2 51 ... debt collection from the supplier, the written-off debt should be reflected in off-balance sheet account 007 "... "advance" VAT uses account 76 "Settlements with various debtors and creditors", subaccount 76-5 ... Funds were transferred to the supplier on account of future delivery of goods 60-2 51 ...

• Assignment of debt: accounting entries

  In accounting, the transactions in question are reflected using accounts 62 (60) and 76. Rationale for the position: Civil... the obligation is maintained using account 76 “Settlements with various debtors and creditors” ... the customer (supplier) intends to account 62 “Settlements with buyers and customers" (account 60 "Settlements with suppliers and contractors"). Considered... instead of accounts 62 (60), the corresponding subaccounts of account 76 can be used. We recommend that you familiarize yourself with...

• Accounting for costs for services to provide access to the electronic trading platform

  Which carries out competitive methods for identifying suppliers (contractors, performers) in electronic form... with the exception of closed methods for identifying suppliers (contractors, performers) in electronic form. ... to the debit of cost accounting accounts (20, 25, 26) in correspondence with the credit of account 60 “Settlements with suppliers and contractors...” or account 76 “Settlements with various debtors and creditors...

• The procedure for writing off accounts payable for purchased goods in the accounting records of the purchasing organization

  ...: act of inventory of settlements with buyers, suppliers and other debtors and creditors; written justification... the account will be account 60 “Settlements with suppliers and contractors”. The validity of the amount of debt to the supplier, listed on account 60..., is checked in the process of inventory of calculations of the inventory...: an act of inventory of settlements with buyers, suppliers and other debtors and creditors (can be developed...

• Correct accounting of stationery

  The posting and acceptance of stationery purchased for cash or non-cash payment is made out... account 60 “Settlements with suppliers and contractors” or in cash of accountable persons (through account 71 “Settlements with accountable persons”). 60 ... .01 51 Office supplies paid to the supplier Extract from the current account... 10.01 60.01 Stationery...: the use of a deduction is possible even in the absence of an invoice for the inventory (...

• Practice of the Supreme Court of the Russian Federation on tax disputes for March 2017

  According to accounts) and reflection in his personal accounts and certificates on the status of settlements with the budget... amounts of debt, in connection with... including confirmed by balance sheet account card 60 “Settlements with suppliers and contractors”, according to which the cost of goods... for transactions involving the sale of goods to suppliers and, in turn, proportional... reflected as a reduction in debt to suppliers, and does not relieve one from the obligation to reduce...

• What exactly are entertainment expenses?

  Correspondence with accounts: 60 “Settlements with suppliers and contractors”; 71 “Settlements with accountable persons”; 76 “Settlements with various debtors and creditors.” Example... . Correspondence of accounts Amount, rubles Transaction content Debit Credit 71 “Settlements with accountable persons... entertainment expenses Payment from the current account will be reflected by the posting: 76 subaccount “Settlements with a transport organization...” 51 “Current account” 10,000.00 ...

• The procedure for accounting for expenses for setting up an accounting program

  Correspondence with the credit of account 60 “Settlements with suppliers and contractors” or account 76 “Settlements with various debtors and... costs associated with production and sales include costs associated with the acquisition of the right... expenses costs associated with uninterrupted operation and setting up the software... any costs associated with production and (or) sales and not directly listed... as part of other costs associated with production and sales, subject to other...

• Accounting for used vegetable oil

  Reflected in the debit of account 20 in correspondence with the credit of the account for accounting for settlements with suppliers - account 60 “Settlements with suppliers and contractors” (Information... " Moreover, this account (and not account 41) is applied in that case... and expenses ", subaccount 91-1 "Other income", in correspondence with the debit of account 62 "Settlements with... buyers and customers". PBU 9 ... information on settlements with buyers and customers is intended for account 62. This account is debited in.. .

• Purchase and accounting of auto parts

  A concluded contract (agreement) with a supplier (by bank transfer), and through an accountable person (for... within the framework of a concluded agreement with a supplier, purchased at the expense of subsidies for the implementation of... investments); journal of settlement transactions with suppliers and contractors or journal of settlement transactions with accountable persons in terms of... installed on a vehicle 2 109 60 272 2 105 36 000 ... of the concluded contract (agreement) with the supplier (by bank transfer), and through accountable person (for...

Any enterprise needs materials and various services to carry out its activities. The most difficult thing to track in accounting is services, because they are not always signed with an agreement. And even without it, actions are legal.

In what cases is a contract not signed when purchasing goods? For example, if a product is purchased on an advance payment basis from a supplier who has been known for a long time. Here you just need to issue an invoice to pay for the delivery. It often only indicates how long it will take to pay the amount. But it is increasingly safer to enter into a contract, especially when it comes to services. They regulate any relationship between the parties to the transaction.

In order to better control all relationships with suppliers, there is an account 60, where the movement of funds is controlled by debit and credit. He belongs to the active-passive type. It reflects the following information on debit and credit:

1. Works and services performed, including provided electricity, gas and other important resources.
2. Surplus of goods and other valuables.
3. Transportation, logistics and communications services.
4. Advance funds for shipment or work performed.

Account 60, which is controlled by credit and debit, reflects the total flow of funds between the company and its suppliers. The basis on which the payment was made does not play a big role here, although the debt should always be reflected in the documents.

How is the calculation carried out?

Account 60 is valued by many accountants due to its simplicity and ease of balance. Here, if a company receives some kind of product or service, then the operation is classified as a debit, and if it gives away, then it is classified as a credit. In this regard, account 60 requires clear filling; each operation must correspond to either a credit or a debit. But other issues can also be addressed:

• whether the activity leads to credit debt;
• what to do if services or goods are provided, but payment has not gone through;
• what to do if you do not have enough documents for payment.

Account 60, which every accountant should own, helps solve all these questions.

How to create an account 60

Like any document, invoice 60 has a clear structure and design rules. In general, we can say that the rules here are very similar to the general unified form. The act of acceptance and delivery, by the way, is not unified. But you need to remember the following details:

• number, delivery date;
• identification of suppliers and receiving company;
• the act of the concluded contract, if any;
• Bank data.

When receiving primary documents, they are indicated in the report. Account 60 is often used for settlements with suppliers, and it is used general system taxation. Here you need to make the following entries:

• amount of goods accepted;
• VAT per batch;
• total payment to the supplier company.

The other side of reporting is settlements with intermediaries. Account 60 here consists of the following entries:

• service cost;
• VAT crediting;
• VAT deduction, if any;
• transportation and delivery costs.

All transactions are calculated in a similar way, for example, for communication services, electrical wiring, and so on. Individual items may be added. So, if you are buying equipment for a company, then you also need to take into account the cost of setup, connection, and maintenance services.

Analytics in score 60

Analytics in this area is carried out on all documents, parties to the transaction and contracts. Ultimately, situations may arise when the goods have been received, but have not yet had time to pay. It gets worse if debt arises. If any errors are identified in calculations or contracts, the document is marked as a “claim.”

It is also very important that systematic data reconciliation be carried out between counterparties. After all, in one company the numbers may differ due to incorrect calculations, resulting in claims from one of the parties to the transaction. They reconcile documents on the main accounts: payment, debt repayment, advance payment.

An advance payment may also be included in the calculation. It represents payment for a service or product before receiving it, in part or in full. Here, even before receiving the goods, it already takes place accounts receivable, it is redeemed only after receiving the value. From an accounting point of view, debits come first, and then credits.

Analytical accounting data is important; it provides information about the company's reserves. For example, in analytics you can find the following information:

• about documents and invoices whose payment deadline is coming to an end;
• about documents if the payment term has expired and there is a debt;
• about bills issued;
• on the loan received.

If a situation occurs when the goods have arrived, but the company does not want to pay for it and even wants to return it, then the product should be marked as “Debit 002”. If for some reason the product cannot yet be returned, it will be returned. To correctly determine the price, analytics of similar prices for similar products are taken.

Balance sheet for account 60 - Thisone of the accounting registers. It allows you to track the status of payments to suppliers for all types of business transactions, from the purchase of office supplies to the purchase of a new building. The account is active-passive, and in most cases this is the main reason for the difficulties encountered when filling out.

Characteristics and purpose of account 60

Being an active-passive account, account 60 may have a balance reflecting both advances transferred by the company and the company’s debts to suppliers. This is the main reason for the need to reflect detailed turnover and balances in the statement, since for different suppliers a completely opposite situation may arise at the same moment. A company on a certain date may, for example, owe payment to organization A and pre-transfer funds for goods that have not yet been shipped to organization B.

In connection with the above, it is customary to conduct analytics for account 60 not only by subaccounts, but also by the company’s counterparties. Considering that in Lately Accounting programs have become widespread, and implementing such an approach to accounting is not difficult. Most often, accounting databases allow you to generate a balance sheet for account 60, both as a whole for all suppliers, and in detail for each of them. Its data serves as the basis for generating reconciliation reports.

Rules for drawing up a balance sheet

The source of information for recording transactions in the statement are primary documents from buyers on the supply of goods, works, services, materials, non-current assets, as well as documents on payment for purchased assets or services. Account turnover must contain the following information:

• On loan - purchase various types assets, works, services. The data in this part of the invoice comes from the accompanying documentation: invoices, invoices, acceptance certificates. Using these amounts, you can track debts arising to the supplier. Also, through this part of the account, documents from counterparties that were received by the accounting department before the goods were posted are processed.
• By debit - prepayment or payment for goods shipped, materials, products or services provided, work performed. In the account registers, it is necessary to take into account each transaction carried out, relating both to advance transfers and to the repayment of debt for products. All bank transfer documents and cash orders must be taken into account without fail.

Before you start preparing the statement, you need to remember the need for detailed reflection of information for each trading partner of the company. The easiest way to understand the design is with an example.

Example 1

PJSC Salyut and JSC Festival entered into a contract for the arrangement of a checkpoint for the amount of RUB 3,500,000, including VAT. In March 2016, PJSC Salut transferred funds under the agreement in advance in the amount of RUB 3,500,000. (RUB 533,898.31 - VAT). In April 2016, the parties signed acts of acceptance of work in the amount of RUB 3,500,000.

The accountant of PJSC "Salut" - the customer's organization - must make the following entries:

March 2016

April 2016

The balance sheet for the subaccount of account 60 “Advances paid” in April 2016 will look like:

The statement of synthetic account 60 for the same period will look like:

In the absence of postings to offset the subaccounts of account 60, the balance sheets will have the following form:

The balance sheet for the subaccount of account 60 “Advances paid”

The balance sheet for the subaccount of account 60 “Calculations for work”

According to the synthetic score 60

Linking statement data with financial statements

Based on the purpose of the parties to the accounting accounts, it is easy to understand that the debit balance will be reflected in the assets of the balance sheet, and the credit balance in the liabilities. This logical construction is fully confirmed by regulatory documents, namely clause 73 of the order of the Ministry of Finance of the Russian Federation dated December 24, 2010 No. 34n.

If you do not offset the subaccounts, the balances will be inflated, and the balance sheet asset and liability figures will not reflect the real state of affairs.

The use of a balance sheet allows you to determine account balances at the beginning and end of the period, as well as the amount of turnover for the reporting period. Account balance 60 affects the asset and liability items of the balance sheet, allowing you to obtain information about receivables and payables to the supplier.

When practicing full or partial prepayment of contracts, the company must keep separate records of paid and repaid amounts in the corresponding sub-accounts. When capitalizing assets against a previously made prepayment, additional entries must be made to close the advances subaccount. Only in this case will reliable data appear in the financial statements.

To account for settlements with suppliers and contractors, the Chart of Accounts and the Instructions for its application provide for active-passive account 60 “Settlements with suppliers and contractors” (Order of the Ministry of Finance dated October 31, 2000 No. 94n). This account keeps records of settlements, in particular, for received inventory items, accepted works and consumed services. On the specifics of accounting for settlements with suppliers and contractors, incl. analytical accounting, we talked about in ours and gave an example of typical accounting entries for account 60. We will tell you in this consultation how the balance sheet for account 60 is compiled and why it is used.

Example of a balance sheet

The balance sheet for account 60, as for other accounting accounts, is an accounting register. Accounting legislation does not provide for a unified form of such registers, but only establishes requirements for their mandatory details. Let us remind you that the mandatory details of accounting registers include (Part 4 of Article 10 of the Federal Law of December 6, 2011 No. 402-FZ):

• register name;
• name of the organization that compiled the register;
• the start and end date of maintaining the register or the period for which the register was compiled;
• chronological or systematic grouping of accounting objects;
• the monetary measurement of accounting objects indicating the unit of measurement;
• names of positions of persons responsible for maintaining the register;
• signatures of the persons responsible for maintaining the register, indicating their surnames and initials.

The forms of registers used by the organization are approved in its.

The balance sheet is one of the most popular accounting registers. It contains the following information for a specific accounting account:

• balance at the beginning of the period (debit/credit);
• turnover for the period (debit/credit);
• balance at the end of the period (debit/credit).

The balance sheet for account 60 can be presented in the following form:

In conditions of automation and depending on the purposes of compiling the balance sheet, information on account 60 can be presented only in the context of subaccounts to account 60, as well as individual suppliers and contractors, and even settlement documents on the basis of which receivables or payables arose. The detailed balance sheet is convenient tool management and analysis of receivables and payables of the organization.

Account 60 in accounting is the main account on which settlements with suppliers and contractors are taken into account. Count 60 is an active-passive count. It can have both a debit and a credit balance. Therefore, when there are many counterparties, there are posting errors. But they can be avoided.

Account 60 is provided in Section IV “Calculations” of the Chart of Accounts and Instructions for its use. Account 60 is needed to reflect information about debts to suppliers and contractors for values ​​received but not paid. Also, account 60 reflects the transfer of advances towards the upcoming delivery of property or performance of work.

Application of count 60

On the credit of account 60, the cost of assets, works, and services accepted for accounting is taken into account. Corresponding accounts are those that record assets or expenses. In a similar manner, account 60 reflects the costs of delivering valuables, as well as their processing or modification. We will show the main transactions in tables and examples.

When purchasing assets without prepayment, account 60 in accounting is used as follows:

We will illustrate the use of account 60 when purchasing assets without prepayment with examples - separately for cases of purchasing an unmounted OS and goods.

Example 1
Symbol LLC bought a warehouse building in June at a price of 994,000 rubles, including seller’s VAT in the amount of 144,000 rubles. In the same month, Symbol submitted documents for state registration of property and paid the seller. Account 60 is involved in this operation as follows:
Debit 08 Credit 60
- 800,000 rub. (944,000 rubles – 144,000 rubles) – the warehouse building was accepted for accounting;
Debit 19 Credit 60
- 144,000 rub. – “input” VAT on the cost of the building is taken into account;
Debit 60 Credit 51
- 944,000 rub. – the building was paid to the seller.

Example 2
In May, Symbol LLC purchased goods for sale in the amount of 944,000 rubles, including supplier VAT in the amount of 144,000 rubles. That same month, Symbol paid for the goods. Accounting account 60 is used as follows:
Debit 41 Credit 60
- 800,000 rub. (944,000 rubles – 144,000 rubles) – goods are accepted for accounting;
Debit 19 Credit 60
- 144,000 rub. – “input” VAT on the cost of goods is taken into account;
Debit 60 Credit 51
- 944,000 rub. – goods have been paid to the supplier.

When purchasing works or services without prepayment, the postings to invoice 60 depend on why the order was made:

We will show the use of account 60 when purchasing works or services without prepayment using a numerical example.

Example 3
In June, Symbol LLC hired a contracting firm to renovate the office. Price repair work– 94,400 rubles, including supplier VAT of 14,400 rubles. Credit 60 of the account corresponds with the following accounts:
Debit 26 Credit 60
- 80,000 rub. (RUB 94,400 – RUB 14,400) – repair work was taken into account;
Debit 19 Credit 60
- 14,400 rub. – VAT on repair work is taken into account;
Debit 60 Credit 51
- 94,400 rub. – paid to the contractor for the work.

And if the cost of work or services forms the price of some asset, then the correspondence of account 60 is different.

Example 4
Symbol LLC required consulting services to purchase equipment. The cost of services amounted to 94,400 rubles, including VAT of 14,400 rubles. Account credit 60 works like this:
Debit 08 Credit 60
- 80,000 rub. (94,400 rubles – 14,400 rubles) – services are included in the cost of the equipment;
Debit 19 Credit 60
- 14,400 rub. – VAT on services is taken into account;
Debit 60 Credit 51
- 94,400 rub. – paid for services.

Debit 60 records amounts transferred to suppliers or contractors in payment for valuables, works or services received. Also, account 60 is debited for the amounts of advances transferred towards the upcoming delivery of this or that property, performance of work or provision of services. To do this, an additional subaccount is added to it, for example, 60.01 “Calculations for advances issued.”

Postings to account 60: accounting for advances and prepayments

As we said above 60, the accounting account is used when accounting for advances and prepayments. We summarize the accounting entries for recording these transactions in the table:

Analysis of account 60

All operations on account 60 can be represented schematically:

The correspondence for credit 60 of account is illustrated by the journal order:

The correspondence for debit 60 of the account for advances paid looks like this:

Account 60: analytical accounting

Settlements with suppliers and contractors (account 60) are detailed in the organization's analytical accounting. Analytics is carried out for each invoice submitted and for each supplier or contractor. According to the Chart of Accounts, Analytical accounting for account 60 should provide the opportunity to obtain information:

• each supplier who issued an invoice for which payment was not due;
• to each supplier for whom the debt is not paid on time
• on advances issued to suppliers;
• on the amount of commercial credit provided by suppliers;
• for a debt formalized by a bill of exchange.