Form MB-8. Act on write-off of low-value and wear-and-tear items

When should you draw up an act for writing off low-value items?

Any company has one or another property that it uses in its activities, but does not reflect in accounting as a fixed asset (FPE), since the cost of such property does not exceed 40,000 rubles.
These could be, for example, computers, scanners, printers, some office furniture, etc. Read more about the criteria for classification as fixed assets in the article “Guidelines for accounting for fixed assets.”

Despite the fact that such objects are not considered fixed assets, they have a certain service life, after which the company can no longer operate them. In such a situation, it becomes necessary to write off these property items.

For these purposes, a special act is drawn up.

NOTE! Currently, there is no single form of the act in question that is mandatory for all companies. At the same time, until 2013, this was the MB-8 template, approved by Decree of the State Statistics Committee of the Russian Federation dated October 30, 1997 No. 71a.

Therefore, when writing off low-value property in 2021, a company can use the standard form of the MB-8 act or draw up a write-off act developed independently. The decision on which form will be used for this purpose is fixed in the accounting policy.

You can download the MB-8 standard form on our website.

Documentation of the fact of write-off must be preceded by a decision of a special commission that a specific low-value object is no longer advisable to use in work.

The document in question is drawn up in 1 copy. As soon as the act is drawn up and the written-off property is transferred to the storage room as scrap, such a document should be transferred to the company’s accounting department.

For information on the procedure used when writing off fixed assets, read the material “Unified Form No. OS-4 - Act on the write-off of fixed assets.”

What is considered low value in 2021 from what amount

Despite the fact that these resources correspond to the characteristics of fixed assets, it is impossible to take them into account as part of these assets due to their paltry cost, which is incomparable with the price of fixed assets. Therefore, IBE includes assets procured or purchased directly for production needs and contributing to an increase in income received. The criteria by which purchased materials are reflected in the IBP are as follows:

Sources

• https://assistentus.ru/forma/mb-8-akt-na-spisanie-malocennyh-predmetov/
• https://VyborPrava.com/trud/kakoj-inventar-vnosit-v-akt-na-spisanie-malotsennyh-i-bystroiznashivayushhihsya-predmetov.html
• https://k-nt.ru/provodki/malocenka-do-kakoj-summy.html
• https://online-buhuchet.ru/mb-8-akt-na-spisanie-malocennyx-i-bystroiznashivayushhixsya-predmetov/

What is important to remember to fill out the form correctly

Filling out the act in form MB-8 does not present any difficulties. In particular, it is required to indicate:

• name of the object being written off;
• its nomenclature and inventory numbers;
• unit of measurement;
• cost and number of objects being written off (if they are of the same type);
• passport number of the item being written off;
• the date when operation of the facility began;
• date and reason for write-off.

After the act is completed and executed, both the chairman of the commission and all its members put their signatures at the end of the document, indicating their initials and positions.

The procedure for drawing up the act is completed by the storekeeper, who marks the date of acceptance of the written-off low-value property into the warehouse.

The composition of the information reflected in the act developed independently should be similar.

You can download a completed sample based on the MB-8 form on our website.

IMPORTANT! If it is simultaneously decided to write off several items at once, the MB-8 act must be issued separately for each such item, if they belong to different types. A general act can be for several items of the same type.

Write-off of low-value and high-wear items in 2021

• items used in rental relations (under a rental agreement);
• devices for fishing (seines, nets);
• clothing (uniform) for employees of a commercial organization, in budgetary structures - clothing and shoes;
• buildings and devices of a temporary type, the costs of which are to be classified as overhead expenses when carrying out construction work;
• plants and plantings (perennial material prepared in nurseries);
• some types of animals, birds (fur-bearing, fattening, young animals, bee colonies, rabbits, service dogs);
• temporary with a period of operation of up to 2 years (temporary buildings and tracks, seasonal roads, rafting ropes, gas-powered saws).

For your information! The maximum valuation of property classified as IBP is adjusted by the Ministry of Finance of the Russian Federation.

• special clothing and equipment used in production (in operation) (s/sch.10/11);
• accessories, household equipment (s/account 10/9).

Receipt of low-value objects in the amount of the initial one, i.e. actual cost is reflected by transactions:

• Debit account 10/9, 10 / Credit account. 60 (acceptance of objects with a service life of up to 12 months);
• Debit account 19 / Credit account 60 (VAT);
• Debit account 10/9, 10 / Credit account. 20, 23 (acceptance of objects manufactured in auxiliary production facilities of the enterprise).

The receipt of IBP with a period of use exceeding 12 months is reflected as follows:

• Debit account 08 / Credit account 60 (acceptance of objects with a service life of 12 months or more);
• Debit account 19 / Credit account 60 (VAT);
• Debit account 01 / Credit account 08 (direction of the IBP for use);
• Debit account 68 / Credit account.

Act on write-off of low-value and wear-and-tear items

It includes current assets for which:

• cost - for one unit no more than 40 thousand rubles;
• operating time - up to a year or two;
• subsequent resale is not envisaged.

They are also characterized by:

• application in the manufacture of goods directly or for the purpose of managing the production process;
• assistance in generating income.

Low-value property is included in current assets, and their value is written off as expenses:

• completely, provided that the service life is one year;
• in parts, when he is 2 years old.

Although small business enterprises are written off, they continue to be reflected in accounting (not in tax accounting) as part of industrial property. And at the enterprise, their movement must be constantly monitored to ensure safety.

Mbp - what is it? accounting for low-value and wearable items

Attention

In particular, it is required to indicate:

• name of the object being written off;
• its nomenclature and inventory numbers;
• unit of measurement;
• cost and number of objects being written off (if they are of the same type);
• passport number of the item being written off;
• the date when operation of the facility began;
• date and reason for write-off.

After the act is completed and executed, both the chairman of the commission and all its members put their signatures at the end of the document, indicating their initials and positions. The procedure for drawing up the act is completed by the storekeeper, who marks the date of acceptance of the written-off low-value property into the warehouse. The composition of the information reflected in the act developed independently should be similar.

You can download a completed sample based on the MB-8 form on our website.

Low value and wearable items 2021 cost

VAT);

• Debit account 20, 23 / Credit account. 02 (accrual of depreciation);
• Debit account 02 / Credit account 01 (write-off of an item not earlier than its complete wear and tear).

The price of the IBP is written off to accounts 20, 25, 26, 44 depending on the place of its use (auxiliary or main production) using the following transactions:

• Debit account 10/9 / Credit account 60 (acceptance of IBP into account).
• Debit account 20 (25, 26, 44) / Credit account. 10/9 (writing off an item after it is completely worn out).

For your information! Immediately after capitalization, it is allowed to write off in full objects with a service life of up to 12 months, or in parts, objects for which use is planned for 2 years. Despite the possibility of complete or partial write-off, the assessment of IBP in accounting is reflected until it is completely worn out.

Current edition

Therefore, they choose one of two methods of accounting for small business enterprises (we described in detail above what it is), according to the accounting policy of the enterprise. There is a special write-off act.

A sample of such a document, shown in the photo below, will help novice accountants navigate this issue. It happens that MBP issued for use are immediately written off: debit accounts 20, 23, 26, 25, 31, 43. Or DT 29, 08, 88, 81, 96. Credit account 12, to subaccount 1.

Accounts for accounting for small and medium-sized products To account for the movement of small and medium-sized products and their wear and tear, different accounts are used: 13, 12, 15, 16, 48... All actions associated with the receipt of small-scale products are the same as when accounting for materials, i.e. 15 are used, 16 counts. Then all operations are preliminarily reflected in DT15.

Then they come and write it off to account 16 of the IBP.

Items that are out of order are processed through a disposal certificate.

Important

Act on write-off of low-value and wear-out items An act on write-off of low-value and wear-out items in the MB-8 form is used to formalize the write-off of low-value and wear-out items that are worn out and unsuitable for further use. Code in the OKUD form 0320004. Compiled in one copy by the commission. After the written-off items are handed over to the scrap storage room, the act with a receipt from the storekeeper is submitted to the accounting department.

For different types of low-value and wear-and-tear items, write-off acts are drawn up separately. To reflect the entry and movement of property that, according to accounting rules, has become part of fixed assets from the category of low-value and wear-and-tear items, unified forms of primary accounting documentation N MB-2, N MB can be used -4, N MB-7, N MB-8.

Write-off of low-value and wear-and-tear items in 2018

The management of the company, in order to include items in accounting as part of working capital, has the right to set a cost limit for them that is less than that determined by regulations, and also to classify the item as fixed assets, taking into account the significance of its purpose and without taking into account its price. Accounting for IBP in an organization At an IBP enterprise, there are stages of receipt, operation, and disposal. Accordingly, groups of accounting operations are distinguished: accounting for receipts, transfers for use, depreciation and write-off (liquidation). Previously, items with a rapidly wearing profile and low value were credited to account 12; after the introduction of new accounting rules, the value of balances on items as of the reporting date is formed together with the cost of inventories for production under account 10 (“Materials”) according to subaccounts that take into account:

• special equipment and clothing placed in the warehouse (s/c.

Form No. MB-8 IMPORTANT! If it is simultaneously decided to write off several items at once, the MB-8 act must be issued separately for each such item, if they belong to different types. A general act can be for several items of the same type.

Results An act for writing off low-value and wear-and-tear items is drawn up in cases where the company decided to write off items that were no longer suitable for use, necessary for the implementation of the work process, but due to their insignificant value were not accepted as part of the operating system.

Such an act is drawn up either according to the standard form MB-8, or according to its own template, which also contains all the necessary information about the object being retired from use.

It includes VAT - 228.75. The paper has been handed over for use.

Accounting entries: Debit Credit Amount Transaction 60 71 1500.00 Advance report received 10 60 1271.25 Paper capitalized 19 60 228.75 Input VAT accepted for deduction 26 (44) 10 1271.25 Goods sent for work Features of accounting for low value under the simplified tax system. Differences from OSNO Since low-value assets are not included in fixed assets, they can be written off as expenses under the simplified tax system.

But this can only be done after the IBP has been put into operation. The cost of only those SBPs that actually participate in the production process is subject to write-off. For example, when purchasing a refrigerator to ensure the storage of finished products, its cost is included in expenses under the simplified tax system. When it is purchased for a household room, then the presence of its cost in expenses is unjustified.

Source: https://advokat-na-donu.ru/spisanie-malotsennyh-i-bystroiznashivayushhihsya-predmetov-v-2018-godu/

What should be considered low-value and wearable property

For a long time, low-value and wearable items were taken into account in account 13. But now it is missing, although the MBPs themselves have not disappeared anywhere. By all criteria, this material resource should be classified as fixed assets, but its value is too small to be included in the corresponding OS account (01). Therefore, although the term IBE is not used in professional accounting language, low value is present.

It includes current assets for which:

• cost - for one unit no more than 40 thousand rubles;
• operating time - up to a year or two;
• subsequent resale is not envisaged.

They are also characterized by:

• application in the manufacture of goods directly or for the purpose of managing the production process;
• assistance in generating income.

Low-value property is included in current assets, and their value is written off as expenses:

• completely, provided that the service life is one year;
• in parts, when he is 2 years old.

Although small business enterprises are written off, they continue to be reflected in accounting (not in tax accounting) as part of industrial property. And at the enterprise, their movement must be constantly monitored to ensure safety. It is for the safety of the physical value that low value, even with zero value, is taken into account in the documentation. And this happens before it is completely worn out. The accounting policy should establish the maximum value of low-priced items.

IBP are items that are purchased by an enterprise in order to use them for a long time. But their cost is immediately written off in full to the cost of production.

Example No. 1. The organization bought a filing cabinet, paying 25 thousand rubles for it. (without VAT). This acquisition relates to furniture, that is, to fixed assets. But since its cost is less than the established limit (40 thousand rubles), the table is considered low-priced. 25 thousand rubles. written off to management expenses immediately upon commissioning.

What is low value in accounting?

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Accounting for low-value and wear-and-tear property (IBP) at an enterprise in 2021

The enterprise keeps records of capital, current and non-current assets. It is also important to correctly register the movement of less expensive property, which is classified as low-value and wearable items. In the article we will talk about accounting for low-value items (LBP), and give examples of postings.

What should be considered low-value and wearable property

For a long time, low-value and wearable items were taken into account on account 13.

It includes current assets for which:

• cost - for one unit no more than 40 thousand rubles;
• operating time - up to a year or two;
• subsequent resale is not envisaged.

They are also characterized by:

• application in the manufacture of goods directly or for the purpose of managing the production process;
• assistance in generating income.

Low-value property is included in current assets, and their value is written off as expenses:

• completely, provided that the service life is one year;
• in parts, when he is 2 years old.

Although small business enterprises are written off, they continue to be reflected in accounting (not in tax accounting) as part of industrial property. And at the enterprise, their movement must be constantly monitored to ensure safety. It is for the safety of the physical value that low value, even with zero value, is taken into account in the documentation.

Example No. 1. The organization bought a filing cabinet, paying 25 thousand rubles for it. (without VAT). This acquisition relates to furniture, that is, to fixed assets. But since its cost is less than the established limit (40 thousand rubles), the table is considered low-priced. 25 thousand rubles. written off to management expenses immediately upon commissioning.

Possible ways to value low-value items

The accounting regulations provide for several options for assessing inventories. It can be carried out at cost:

• each individual unit purchased;
• weighted average;
• first in time for purchasing materials (FIFO method).

Low valuation is a special component of material reserves. The initial cost of the IBP contains all the costs that the enterprise incurred during the purchase. This is reflected in the relevant primary documentation.

Based on this, it is necessary to write in the order on accounting policies that IBP is assessed based on the actual cost of each individual unit. At the same time, you should not forget to add the amount of expenses for its purchase. A list of primary documentation is also included here. With its help, the movement of the IBP from capitalization to write-off will be traced.

How to properly arrive and write off low value?

Low-value property should be credited to the account. 10. It has several additional subaccounts, among which you should determine the one that is most suitable for a particular type of material.

In accounting, low-value property can be written off on the same day it was recorded. The fact of payment in this case does not matter. The amount of the undervalued amount should be recorded in an off-balance sheet account. You can also create a unified card for each individual object.

Magnolia has updated its bicycle fleet by purchasing five new models. The cost of one was 12 thousand 1830 rubles. VAT). The total cost of purchasing goods is 60 thousand.

Drawing up an act for writing off low-value property

In order to write off MBPs whose service life is up to a year, the standard MB-8 form is used. It is advisable to draw it up when inexpensive property has completely worn out and has become unsuitable for further use for its intended purpose.

The decision to write off low-value assets is made by the liquidation commission. She is appointed as a manager and collaborates with the accounting staff. Low-value property must be recorded at its actual cost when written off. The document is signed by each member of the commission, approved by the head and sent to the accounting department. Based on it, the accounting employee writes off the low value from the account.

Off-balance sheet accounting of low-value assets

Source: https://denegnik.com/chto-takoe-malotsenka-v-buhgalterskom-uchete/

Possible ways to value low-value items

The accounting regulations provide for several options for assessing inventories. It can be carried out at cost:

• each individual unit purchased;
• weighted average;
• first in time for purchasing materials (FIFO method).

Low valuation is a special component of material reserves. The initial cost of the IBP contains all the costs that the enterprise incurred during the purchase. This is reflected in the relevant primary documentation.

Based on this, it is necessary to write in the order on accounting policies that IBP is assessed based on the actual cost of each individual unit. At the same time, you should not forget to add the amount of expenses for its purchase. A list of primary documentation is also included here. With its help, the movement of the IBP from capitalization to write-off will be traced.

IBP does not include workwear, since according to the law it should be classified as a type of property that is taken into account especially.

Features of using accounts in IBP accounting, depreciation and basic postings

It is most correct for an enterprise in the area of ​​low value to use this approach:

1. IBPs whose expected lifespan is more than a year should be taken into account on the account. 01 (on the corresponding sub-account).
2. MBP that will be in operation for up to a year - on the account. 10 (subcount 9 or 10).

• In the first case, the corresponding subaccount will serve as a contract account. 02.
• In the second: to the account. 10 (10) → count. 10 (11).
• On the account 10 (9) takes into account inventory and household supplies, so it does not need a contract.

When a low-value asset will be used in production for more than 12 months, the accountant makes the following notes:

When using the MBP for less than a year, the postings are as follows:

Capitalization of inventory and household supplies is carried out according to the account. 10 (9). They will be listed until they go into service. At the same time, this type of low value is written off in its entirety. The cost is included in the costs for the item for which they are used. The wiring is as follows:

When writing off MBP (with a service life of up to a year) for the corresponding current expenses, their cost is equal to zero. When depreciation is charged in parts, the IBP will have a certain residual value for some time.

Thus, depending on the period of operation of the low-priced asset and the corresponding method of calculating depreciation, a balance is obtained, in the active item of which is the full cost of the IBP, and in the contractual item is a similar minus cost. As a result, the value of the low price is zero.

Example No. 3. The cashier-businessman bought printer paper in the amount of 1,500 rubles for cash. An advance report, supported by a cash receipt, was submitted to the accounting department. It includes VAT - 228.75. The paper has been handed over for use. Accounting entries:

Features of accounting for low value under the simplified tax system. Differences from OSNO

Since the low value property is not included in fixed assets, it can be written off as expenses according to the simplified tax system. But this can only be done after the IBP has been put into operation. The cost of only those SBPs that actually participate in the production process is subject to write-off.

For example, when purchasing a refrigerator to ensure the storage of finished products, its cost is included in expenses under the simplified tax system. When it is purchased for a household room, then the presence of its cost in expenses is unjustified. The table shows the differences in accounting for low value under the OSNO and the simplified tax system:

The legislation does not force simplifiers to keep accounting records. But this does not apply to fixed assets and intangible assets. Therefore, low value items, for example, stationery, are not reflected in any accounts.

Top five questions that are asked most often

Question No. 1. The individual entrepreneur is engaged in leasing space in the administrative building. They are furnished with furniture purchased at the expense of the individual entrepreneur. Is it possible to write them down as expenses and reflect them in accounting?

Such costs can be included in expenses. They are completely economically justified, since renting out space along with the furniture installed on it is a source of income for this individual entrepreneur.

Question No. 2. The company (OSNO) purchases about a hundred items of office supplies every quarter. They are immediately distributed to employees to ensure their work. Is it necessary to reflect the cost of office supplies in which primary documents?

To avoid claims from auditors and tax authorities, you should do this.

• Goods are accounted for. 10 with this notation: Dt 10 → Kt 71
• The receipt order is filled out.
• When distributing stationery to employees, a demand invoice is issued. On its basis, the value of the low value is written off: Dt 26 → Kt 10

Question No. 3. How to determine the amount of low-value property?

The amount depends on the characteristics of the enterprise. IBP does not include OS whose cost is more than 40 thousand rubles. These two factors should be taken into account and fixed for accounting purposes (mandatory) in the order on accounting policies.

Question No. 4. Is it possible to write off low-value property on the day it is received if payment for it has not yet been reflected in the accounts?

Is it possible. In accounting, a low value can be written off at the same time it is received. Whether the payment has been made or not is irrelevant.

Question No. 5. An individual entrepreneur bought a microwave for his employees. Will its cost be included in the expenses of the simplified tax system?

No. Expenses can only include those that are fully justified and used in production. In every enterprise, IBP accounting should not be underestimated, although it is an inexpensive asset.

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When the low-valuation will be used in production for more than 12 months, the accountant makes the following notes: Accounts Description Debit Credit 08 60 The low-valuation is capitalized upon the fact of its receipt 19 (1) 60 Reflection of VAT 01 08 The low-valuation is put into operation 68 19 (1) VAT is credited 20 or 23 02 Depreciation has been accrued (all 100% of the value of the low-priced value can be applied at once, or part of it for the first quarter or year) 02 01 The depreciation amount has been written off (but not before the object is completely written off) When using IBP for less than a year, the postings are as follows: Accounts Description Debit Credit 10 (10) 60 IBP are capitalized according to the facts of their receipt 19 (1) 60 VAT 20 or 23 10 (11) Low-valuation is transferred for use 68 19 VAT is credited 10 (11) 02 Depreciation is written off in 100% of the value of low-valuation Inventory and household supplies are capitalized according to account 10 (9). They will be listed until they go into service.

How to correctly write off a low value

The only condition that must be met: the act must be signed by all responsible persons included in the commission (autographs of employees involved in writing off low-value and wear-out items must be “live”). But it is necessary to certify the form using a seal or stamp only if the norm for the use of stamp products is enshrined in the internal regulatory documents of the organization. The act is drawn up in one copy, but if necessary, additional copies can be made. What to do after drawing up the act After drawing up the act, written-off low-value and high-wear items are sent to scrap (to the closet or warehouse), and the act itself is transferred to the company’s accounting department for the final completion of the write-off procedure. That is, upon commissioning, it is necessary to draw up an acceptance certificate in Form N OS-1, and also create an inventory card in Form N OS-6. Accounting Unfortunately, the authors of the Letter did not touch upon accounting. But here, too, options are possible. Many people charge 100% depreciation on the cost of “cheap” fixed assets, which is then written off as expenses. Example 1. In December 2004, Aktiv CJSC purchased a printer worth RUB 10,620. (including VAT - 1620 rubles). The accountant made the following entries: Debit 60 Credit 51 - 10,620 rubles. — the supplier’s invoice has been paid; Debit 08 Credit 60 - 9000 rub. (10 620 - 1620) - the printer has been capitalized; Debit 19 Credit 60 - 1620 rub. - VAT reflected. In January 2005, the fixed asset was put into operation: Debit 01 Credit 08 - 9000 rubles. — the printer is put into operation; Debit 68 Credit 19 - 1620 rub. - VAT included. In February 2005. At the same time, this type of low value is written off in its entirety. The cost is included in the costs for the item for which they are used. The postings are as follows: Accounts Description Debit Credit 10 (9) 60 Inventory capitalized 20, 23 10 (9) Write-off of inventory When writing off small business equipment (with a service life of up to a year) for the corresponding current expenses, their cost is equal to zero. When depreciation is charged in parts, the IBP will have a certain residual value for some time. Thus, depending on the period of operation of the low-priced asset and the corresponding method of calculating depreciation, a balance is obtained, in the active item of which is the full cost of the IBP, and in the contractual item is a similar minus cost. As a result, the value of the low price is zero. Example No. 3. The cashier-businessman bought printer paper in the amount of 1,500 rubles for cash. An advance report, supported by a cash receipt, was submitted to the accounting department.

The main features of the IBP for inclusion in the write-off act

Working clothes wear out quickly.
Due to the short service life of MBPs, they must be written off when preparing financial statements.

For this purpose, a special form MB-8 is used, an act for writing off low-value and wearable items.

How can we determine that an item belongs to the IBP and can be included in this document?

How to correctly apply the rationale for things and materials so that they truly are IBP.

From the name of such materials it can be understood that the criteria for including such production equipment in this group are low price and rapid wear.

The time limit for suitability for classifying things as IBP changed periodically. Only the service life remained constant for one year.

Based on these justifications, it can theoretically be assumed that there are 4 main options for evaluating purchased items for the group we are considering:

• The price of the item is below the monetary limit, but its useful life may be more than one year.
• The cost of the inventory is more than the limit, but it is suitable for use for up to 1 year.
• The material does not exceed the cost of purchasing it from the established upper limit, but will last more than 12 months.
• The item lasts less than 1 year and costs less than the price limit.

Quite recently, only by the fourth characteristic of an object could it be included in the IBP. As for the first, second and third groups, previously these were fixed assets. At the same time, in production they often resorted to a price limit, without taking into account the service period.

In this way, IBEs were formed into an independent group, which was dealt with by entire departments of institutes, conducting various studies on them.

How to correctly write off low value in an enterprise

At the same time, in production they often resorted to a price limit, without taking into account the service period. In this way, IBEs were formed into an independent group, which was dealt with by entire departments of institutes, conducting various studies on them. How to draw up an act To draw up an act, a special type of entering information is provided.

The form was developed according to the MB-8 form, approved at the legislative level of the Russian Federation. The document code is indicated in the OKUD classifier with the value 0320004. But, despite the same requirements for the execution of this act, organizations can edit it and make their own changes for ease of filling out.

Before you begin to draw up documentation for the write-off of an IBP, a decision must be made about this by the management of the organization. It can also be accepted by representatives of the commission, which includes experts. The order to appoint competent members of the commission is issued by the head of the organization.

Any enterprise is required to keep records not only of non-current assets and inventories, but also of low-value goods available. Without furniture, office equipment and other similar goods, the full functioning of any production activity is impossible class=”aligncenter” width=”1000″ height=”667″[/img]

Moreover, all operations that are carried out with small and inexpensive items at the enterprise are always subject to accounting and tax accounting.

Therefore, it is important to know what is considered low value, as well as the procedure for accounting for its receipt and write-off.

How to draw up an act?

To draw up an act, a special type of information is provided. The form was developed according to the MB-8 form, approved at the legislative level of the Russian Federation. The document code is indicated in the OKUD classifier with the value 0320004. But, despite the same requirements for the execution of this act, organizations can edit it and make their own changes for ease of filling out.

Before you begin to draw up documentation for the write-off of an IBP, a decision must be made about this by the management of the organization. It can also be accepted by representatives of the commission, which includes experts.

The order to appoint competent members of the commission is issued by the head of the organization.

During the work, members of the commission examine quickly worn-out equipment and study the technical documentation attached to it. Thus, the degree of wear and suitability of the inspected tools and other materials associated with the production process is established.

When writing off certain items, the commission is based not only on examination data. All characteristics set out in the technical documentation are taken into account.

When filling out the columns of the form for writing off IBP, their initial cost is first displayed. It is taken from the costs that were actually spent on their acquisition or production.

If it is decided that such items can be sold, then this can happen either at the same cost or at a price different from the original price of the product. It must be taken into account that when they are sold for an amount exceeding their cost, the difference must be included in the organization’s income.

In other cases, an act is drawn up for the write-off of low-value and wear-and-tear items, the form of which is filled out separately by type of similar items in a single copy. The completed form is transferred to the warehouse together with the MBP to be disposed of.

Storekeepers are required to sign the form to confirm that materials have been written off. From the warehouse, the document goes to the accounting department as a fundamental act for removing unsuitable materials and tools from accounting.

Is this underrated?

Very often, to ensure uninterrupted operation of production, an enterprise purchases office equipment and similar goods for personal use for a long time.

New objects are characterized by the fact that:

• used in the direct production of products or for management purposes;
• have been in use for more than one calendar year;
• are not purchased for the purpose of resale;
• contributes to profit generation.

The listed characteristics allow these objects to be classified as fixed assets in accordance with PBU 6/01.

But, at the same time, this same provision makes it possible to take into account funds whose cost does not exceed 40 thousand rubles as part of the inventory. It is only important to fix the upper limit of cost in the accounting policy.

As a result, low-value or low-value items are items purchased by a company for personal use over a long period of time, but are immediately written off in full to the cost of production.

Only special clothing cannot be included in this category of objects, since in accordance with legislative norms it belongs to a specially taken into account type of property.

Write-off of low value

The receipt of low-value property established by the accounting policy is accounted for as inventories in an additional sub-account opened to account 10 “Materials” at actual cost.

The transaction is credited with a score of 60.

Next, the cost of the received objects is written off to production in full as part of the costs of core activities.

Accordingly, the actual value of the low-priced property is transferred to the debit of expense accounts 20, 26, 44. For accounting purposes, the cost of low-priced property recognized as inventory can be written off on the same date together with capitalization, regardless of the fact of payment.

Finally, the number of low-value items is recorded on an off-balance sheet account or by maintaining a unified card for each item.

Act of low value

In the case of low-value and wearable items that last less than a year, the unified form of the MB-8 act is used when writing off. Most often, such an act is issued at the moment when the property becomes unsuitable for further use in the production process.

Each company has the right to develop its own easy-to-write form for writing off low-value inventories, using the approved form as a sample.

The decision to write off low-value items from production can be made by:

• responsible persons, approved by personnel documents for the enterprise;
• a special liquidation commission appointed by resolution of the head of the company.

Rapidly worn out inventory is displayed in the act at actual cost, taking into account all expenses directly related to them.

Sales of low value items are most often carried out at the same cost. If the sales price exceeds the actual price, the amount of the difference is included in the income book.

The act is drawn up in one copy, signed by the commission, the responsible person and goes to the accounting department.

Based on his data, the accountant writes off these materials from accounting.

Accounting policy

An accounting policy is a regulatory document that regulates the combination of legislative norms and independent convenient decisions of the organization on the issue of maintaining financial records.

It is developed by the chief accountant, who is obliged to take into account all the nuances of accounting and tax accounting intended for use by his employees.

One of the significant and mandatory sections of the document is the rules and regulations established by the company for accounting and assessing the flow of funds, including low-value property.

Accounting for low value

With regard to low value, the accounting policy should contain the following constructive norms and rules:

1. The amount of the limit on the value of objects, within which they can be classified as low-value inventories. The maximum legal limit for the limit is 40 thousand rubles. Otherwise, the enterprise will not have a low value and any item whose service life is more than a year will have to be taken into account as part of fixed assets. The value limit of less than 40 thousand rubles will lead to a difference between accounting for accounting and tax purposes.
2. Option for assessing the write-off of low-value property, including its use in the production cycle. For any MPP, there are three assessment methods:

• at unit cost;
• according to the average cost value;
• FIFO.

1. List and forms of documentation used to secure data on the movement of low-value objects.
2. Accounting accounts of low value:

• subcount to count 10;
• off-balance sheet account to control actual availability.

Off-balance sheet accounting

For off-balance sheet accounting of low-value property, account 012 “Low-valued property” is recommended. As a result, it keeps a quantitative record of all inexpensive and written-off items that remain effective in the company's business activities.

The use of off-balance sheet accounting for inventories classified as low-value allows you to:

• control their movements after debiting account 10;
• keep records of employees responsible for the rational use of these facilities;
• confirm the feasibility of additional expenses tied to the low price.

All accounting information for low-value items after write-off is recorded in a special journal. The name, inventory number, dates of receipt and disposal and responsible persons are noted on the sheets of the book.

Low value up to what amount?

Acquired objects whose value is in the range of up to 40 thousand rubles can be considered low-value property.

At the same time, the maximum amount for classifying small items in accounting as low-value, in other words, as materials, is established by the internal documents of the enterprise, first of all, by the accounting policy.

It is important for any financial specialist dealing with low-value goods to distinguish between:

• for accounting, the cost limit is set by the company independently in the range from 0 to 40 thousand rubles;
• For tax accounting, property purchased for less than 40 thousand rubles is always not depreciated.

It is more profitable to set matching limits for the convenience of maintaining both accounts. In addition, it will be possible to remove property of this category from property taxation.

How to write off a low value?

Write-offs of low value are carried out in compliance with a number of recommendations:

1. Accounting provides for the reflection of the receipt of these funds in the debit of account 10 “Materials”, and the disposal or write-off of the loan in correspondence with expenditure and production accounts. Low-value objects are written off in parallel with their release into the production process.
2. The write-off operation is subject to documentation by filling out the appropriate unified forms. Just like other types of MPZ, low-value items are written off in the form of an act, which indicates the name and number of items. The act must necessarily contain information about the reason for the write-off and contain the signatures of the manager, chief accountant, accountant for goods and materials and MOL.

Accounting for low value on the balance sheet

In particular, it is required to indicate:

• name of the object being written off;
• its nomenclature and inventory numbers;
• unit of measurement;
• cost and number of objects being written off (if they are of the same type);
• passport number of the item being written off;
• the date when operation of the facility began;
• date and reason for write-off.

AttentionThe only condition that must be met: the act must be signed by all responsible persons included in the commission (autographs of employees involved in writing off low-value and wear-out items must be “live”). But it is necessary to certify the form using a seal or stamp only if the norm for the use of stamp products is enshrined in the internal regulatory documents of the organization.

https://www.youtube.com/watch{q}v=FtXzclXhsec

The act is drawn up in one copy, but if necessary, you can make additional copies of it. What to do after drawing up the act After drawing up the act, written-off low-value and wear-and-tear items are sent to scrap (to the closet or warehouse), and the act itself is transferred to the company’s accounting department for the final completion of the procedure write-offs.

As a rule, you need to enter the exam without outerwear and bags, so the best way in such a situation is to hide cheat sheets in loose clothes with a lot of pockets. 4 Receive the task, take your place in the audience. Don’t try to immediately find the answer to a question in cheat sheets. First, think, write down what you remember on this topic.

On every exam, there is an opportunity to cheat when the teacher leaves the room for a few minutes. Do not make sudden movements if the door suddenly opens, otherwise you risk being punished for your attitude towards studying. 5 Do not rustle paper sheets, do not attract attention to yourself. You should also not pass the items on your table to a friend sitting next to you.

Add to FavoritesSend by email The act of writing off low-value and wear-and-tear items is of interest to any organization, especially for small companies where most of the property does not have significant value. This article will discuss in what cases such a document is drawn up, as well as how to draw it up correctly.

When should you draw up an act for writing off low-value items What is important to remember to correctly fill out the act Results When should you draw up an act for writing off low-value items Any company has one or another property that it uses in its activities, but is not reflected in accounting as a fixed asset ( OS), since the cost of such property does not exceed 40,000 rubles. This could be, for example, computers, scanners, printers, some office furniture, etc.

Read more about the criteria for classification as fixed assets in the article “Guidelines for accounting of fixed assets.” Despite the fact that such objects are not considered fixed assets, they have a certain service life, after which the company can no longer operate them. In such a situation, it becomes necessary to write off these property items.

Very often, to ensure uninterrupted operation of production, an enterprise purchases office equipment and similar goods for personal use for a long time.

New objects are characterized by the fact that:

• used in the direct production of products or for management purposes;
• have been in use for more than one calendar year;
• are not purchased for the purpose of resale;
• contributes to profit generation.

The listed characteristics allow these objects to be classified as fixed assets in accordance with PBU 6/01.

But, at the same time, this same provision makes it possible to take into account funds whose cost does not exceed 40 thousand rubles as part of the inventory. It is only important to fix the upper limit of cost in the accounting policy.

As a result, low-value or low-value items are items purchased by a company for personal use over a long period of time, but are immediately written off in full to the cost of production.

Only special clothing cannot be included in this category of objects, since in accordance with legislative norms it belongs to a specially taken into account type of property.

Write-off of low value

The receipt of low-value property established by the accounting policy is accounted for as inventories in an additional sub-account opened to account 10 “Materials” at actual cost.

The transaction is credited with a score of 60.

Next, the cost of the received objects is written off to production in full as part of the costs of core activities.

Accordingly, the actual value of the low-priced property is transferred to the debit of expense accounts 20, 26, 44. For accounting purposes, the cost of low-priced property recognized as inventory can be written off on the same date together with capitalization, regardless of the fact of payment.

Finally, the number of low-value items is recorded on an off-balance sheet account or by maintaining a unified card for each item.

Act of low value

In the case of low-value and wearable items that last less than a year, the unified form of the MB-8 act is used when writing off. Most often, such an act is issued at the moment when the property becomes unsuitable for further use in the production process.

We invite you to read: Compensation for material damage

Each company has the right to develop its own easy-to-write form for writing off low-value inventories, using the approved form as a sample.

The decision to write off low-value items from production can be made by:

• responsible persons, approved by personnel documents for the enterprise;
• a special liquidation commission appointed by resolution of the head of the company.

Rapidly worn out inventory is displayed in the act at actual cost, taking into account all expenses directly related to them.

Sales of low value items are most often carried out at the same cost. If the sales price exceeds the actual price, the amount of the difference is included in the income book.

The act is drawn up in one copy, signed by the commission, the responsible person and goes to the accounting department.

Based on his data, the accountant writes off these materials from accounting.

Accounting policy

An accounting policy is a regulatory document that regulates the combination of legislative norms and independent convenient decisions of the organization on the issue of maintaining financial records.

It is developed by the chief accountant, who is obliged to take into account all the nuances of accounting and tax accounting intended for use by his employees.

One of the significant and mandatory sections of the document is the rules and regulations established by the company for accounting and assessing the flow of funds, including low-value property.

Accounting for low value

With regard to low value, the accounting policy should contain the following constructive norms and rules:

1. The amount of the limit on the value of objects, within which they can be classified as low-value inventories. The maximum legal limit for the limit is 40 thousand rubles. Otherwise, the enterprise will not have a low value and any item whose service life is more than a year will have to be taken into account as part of fixed assets. The value limit of less than 40 thousand rubles will lead to a difference between accounting for accounting and tax purposes.
2. Option for assessing the write-off of low-value property, including its use in the production cycle. For any MPP, there are three assessment methods:

• at unit cost;
• according to the average cost value;
• FIFO.

1. List and forms of documentation used to secure data on the movement of low-value objects.
2. Accounting accounts of low value:

• subcount to count 10;
• off-balance sheet account to control actual availability.

Off-balance sheet accounting

For off-balance sheet accounting of low-value property, account 012 “Low-valued property” is recommended. As a result, it keeps a quantitative record of all inexpensive and written-off items that remain effective in the company's business activities.

The use of off-balance sheet accounting for inventories classified as low-value allows you to:

• control their movements after debiting account 10;
• keep records of employees responsible for the rational use of these facilities;
• confirm the feasibility of additional expenses tied to the low price.

All accounting information for low-value items after write-off is recorded in a special journal. The name, inventory number, dates of receipt and disposal and responsible persons are noted on the sheets of the book.

Acquired objects whose value is in the range of up to 40 thousand rubles can be considered low-value property.

At the same time, the maximum amount for classifying small items in accounting as low-value, in other words, as materials, is established by the internal documents of the enterprise, first of all, by the accounting policy.

It is important for any financial specialist dealing with low-value goods to distinguish between:

• for accounting, the cost limit is set by the company independently in the range from 0 to 40 thousand rubles;
• For tax accounting, property purchased for less than 40 thousand rubles is always not depreciated.

It is more profitable to set matching limits for the convenience of maintaining both accounts. In addition, it will be possible to remove property of this category from property taxation.

Write-offs of low value are carried out in compliance with a number of recommendations:

1. Accounting provides for the reflection of the receipt of these funds in the debit of account 10 “Materials”, and the disposal or write-off of the loan in correspondence with expenditure and production accounts. Low-value objects are written off in parallel with their release into the production process.
2. The write-off operation is subject to documentation by filling out the appropriate unified forms. Just like other types of MPZ, low-value items are written off in the form of an act, which indicates the name and number of items. The act must necessarily contain information about the reason for the write-off and contain the signatures of the manager, chief accountant, accountant for goods and materials and MOL.

Since the low value property is not included in fixed assets, it can be written off as expenses according to the simplified tax system. But this can only be done after the IBP has been put into operation. The cost of only those SBPs that actually participate in the production process is subject to write-off.