Accounting entries for account 76

Account 76 in accounting

Account 76 - active-passive. Here information is collected on settlements with debtors and creditors that has not found a place on other accounts for settlements with counterparties.

Find out more about account 76:

what is it for?
what subaccounts are opened for account 76;
about account 76 in the balance sheet;
about standard accounting entries for account 76.

Next, we will consider the features of using account 76.

Account 76: accounting for insurance settlements

Subaccount 76.1 traditionally reflects transactions related to settlements under commercial insurance contracts. At the same time, a company can enter into such agreements both for itself (usually for property insurance) and for the benefit of employees - for example, under voluntary health insurance agreements.

The following typical transactions for the subaccount in question can be distinguished:

Dt 20 Kt 76.1 - the amount of payment under the insurance contract was accrued as part of production costs;
Dt 76.1 Kt 51 - payment was made under the contract in favor of the insurance organization;
Dt 51 Kt 76.1 - payment was received from the insurance company for the insured event;
Dt 76.1 Kt 73 - payment for the insured event is accrued to the employee;
Dt 76.1 Kt 91 - insurance compensation accrued for property damage;
Dt 99 Kt 76.1 - loss of property not compensated by insurance compensation is included in losses.

Within subaccount 76.1, various analytical subaccounts can be opened to account for individual insurers and contracts with them.

Employee insurance

Accounting for information related to life and health insurance of employees is similar to accounting for property insurance transactions. The difference is that when an employee pays the amount transferred to the company by the insurer as an insurance premium (if there was an insured event), account 76/1 interacts with account 73. Accounting account 73 is settlements with personnel for other transactions:

Dt 76/1 Kt 73 - reflects the accrued amount of insurance compensation to be paid to the injured employee;
Dt 51 Kt 76/1 - insurance compensation received, payable to the insured employee;
Dt 73 Kt 50 (51) - the employee was paid the insurance amount.

Account 76: accounting for claims settlements

Subaccount 76.2 reflects transactions on claims that arise mainly when the counterparty fails to fulfill contractual obligations. The claim may be resolved out of court or through arbitration.

Typical accounting entries:

Dt 76.2 Kt 60 - reflects the amount of the claim against the supplier;
Dt 76.2 Kt 10 (41) - short delivery detected after acceptance;
Dt 76.2 Kt 91.1 - reflects the amount of the penalty from the supplier who did not fulfill the terms of the contract;
Dt 51 (50, 52) Kt 76.2 - money within the framework of the claim was credited to the account;
Dt 91.2 Kt 76.2 - receivables that could not be collected from the counterparty are written off as other expenses.

Additional analytical accounts to subaccount 76.2 can be opened to account for individual counterparties and claims.

Debit 76 Credit 91

Posting Dt 76 Kt 91 is drawn up, as can be seen from the previous paragraph, in the event of receiving income from an assignment agreement. Also, an entry to the debit of account 76 in correspondence with the credit of account 91 is made in the case of leasing property, provided that this is a non-core activity of the company.

Unclaimed accounts payable, which were accounted for under Kt 76, after the expiration of the limitation period are written off in Kt 91.1 as other income of the enterprise.

Also, posting Dt 76 Kt 91 reflects amounts of money received in payment of fines and other sanctions from other companies. Let's remember the example about the fine, which is “Fas. The Fastmil accountant, upon receiving penalty payments from the Paper Yard, will make the following entries in the accounting:

Dt 51 Kt 76.2 - in the amount of 10,000 rubles. (received a fine from the Paper Yard);
Dt 76.2 Kt 91.1 - in the amount of 10,000 rubles. (the fine is included in income).

Account 76: dividend payments

Subaccount 76.3 is used to account for the income of a business entity from investing in the capital of third-party legal entities, which periodically make interest payments to investors in relation to their shares.

In this case, the investor will reflect the following entries in accounting:

Dt 76.3 Kt 91.1 - dividends are accrued as a type of other income;
Dt 51 (50, 52) Kt 76.3 - receipt of dividend payment to the current account.

Additional analytical accounts for the subaccount in question are opened for each source of payments.

Account 76: accounting of deposited amounts

Subaccount 76.4 is used to account for deposited amounts - wages that were accrued but not paid to the employee from the cash desk (for example, due to his failure to appear at the accounting department on time).

Accountant upon expiration of the established period:

reflects the fact of depositing wages that the employee did not collect Dt 70 KT 76.4;
transfers the deposited amount to the bank from the cash desk Dt 51 Kt 50.

As soon as the employee applies for a salary, the accountant:

transfers money from the account to the cash desk to pay salaries Dt 50 Kt 51;
issues wages from the cash register Dt 76.4 Kt 50.

If the employee never applies for the deposited salary (the statute of limitations expires, which in general is 3 years from the date of its accrual), the organization includes its amount in other income Dt 76.4 Kt 91.1.

Salary deposit

Deposited amounts are funds that are the employee’s reserved wages, which for some reason he was unable to receive on time. Such money is accounted for in subaccount 76/4 “Deposited amounts”.

According to Kt they show the accrual of amounts in correspondence with account 70: Dt 70 Kt 76/4 - the salary amount is deposited.

Payments of deposited amounts are shown by the entries: Dt 76/4 Kt 50 (51) - deposited salary paid.

If for some reason a company employee never came for the money, and the statute of limitations for such payments has expired, the money is received as other income of the organization: Dt 76/4 Kt 91/1 - the amount of unclaimed deposited salary is included in other income.

Account 76: accounting for settlements with subsidiaries (dependent) companies

Organizations that have subsidiaries can make a variety of settlements with them. However, do not forget: a subsidiary and a dependent company are not the same thing.

Simply put, subsidiaries include those economic entities where the main enterprise has more than 50% of the shares (authorized capital), and dependent ones are those in which the main enterprise owns 20% or more of the shares (authorized capital).

Let's consider the entries used when accounting for settlements of an enterprise with subsidiaries and dependent companies (for this, a subaccount 76.5 can be opened to account 76):

Dt 08 (10, 41...) Kt 76.5 - the enterprise acquired fixed assets, materials, goods from a subsidiary;
Dt 76.5 Kt 90, 91.1 - the enterprise sold property to a subsidiary;
Dt 91.2 Kt 76.5 - the enterprise included the losses of the subsidiary, which it is obliged to repay, into other expenses;
Dt 76.5 Kt 51 - the enterprise transferred funds to repay the losses of the subsidiary.

A significant part of business transactions between the main enterprise and a subsidiary (dependent) company is reflected by correspondence using not only account 76, but also account 58.

Example 1

Payment of a share in the authorized capital of a subsidiary by transfer of property.

To begin with, the main enterprise, on account 76, registers the formation of a payable debt corresponding to the amount of debt for a contribution to the authorized capital of a third-party organization: Dt 58 Kt 76.5.

Repayment of this debt can be made by different types of property:

If these are funds, their transfer in favor of a subsidiary is shown by posting Dt 76.5 Kt 51.
If this is an item of fixed assets (FPE) that was in operation, then the postings will be as follows: Dt 58 Kt 76.5 - reflects the cost of the transferred property, previously agreed upon by the parties;
Dt 02 Kt 01 - reflects the write-off of accrued depreciation from the moment of commissioning of an asset until the moment of its disposal;
Dt 76.5 Kt 01 - reflects the write-off of the residual value of the fixed asset.

If the residual value of the fixed assets is lower than that agreed upon by the parties in order to repay the debt on the contribution to the authorized capital, then the enterprise records other income: Dt 76.5 Kt 91.1. If higher - other consumption: Dt 91.2 Kt 76.5.

If intangible assets (intangible assets) are transferred to the authorized capital, then the correspondence is applied: Dt 58 Kt 76.5 - accounts payable are reflected in the agreed value of the transferred intangible assets;
Dt 05 Kt 04 - reflects the write-off of depreciation on assets accrued at the time of their alienation;
Dt 76.5 Kt 04 - reflects the write-off of the residual value of intangible assets.

If the residual value of the intangible asset is less than the agreed value, other income is recorded: Dt 76.5 Kt 91.1. And if more - other expenses: Dt 91.2 Kt 76.5.

If materials are transferred to the authorized capital, then the correspondence will be as follows: Dt 58 Kt 76.5 - accounts payable have arisen in the amount of the agreed cost of materials;
Dt 76.5 Kt 10 - reflects the write-off of the actual cost of materials.

If the actual cost turns out to be lower than the agreed value, other income is recorded: Dt 76.5 Kt 91.1 If more, other expenses: Dt 91.2 Kt 76.5.

Example 2

The company acquired shares, but has not yet paid for them.

The fact of transfer of ownership of shares to an enterprise, if it has not paid for them by the time of such transfer, is reflected by posting Dt 58 Kt 76.5.

Example 3

The enterprise has made an advance payment for shares to which it will become entitled later:

Dt 76.5 Kt 51 - reflects the amount paid for the shares;
Dt 58 Kt 76.5 - the right to the shares transferred to the enterprise, the shares were registered.

Example 4

The company resells previously purchased shares to the public:

Dt 76.5 Kt 91.1 - other income received from the sale of shares;
Dt 91.2 Kt 58 - the cost of shares sold is written off;
Dt 51 Kt 76.5 - payment received for shares sold.

Setting up the type of deduction from wages

In the Settings - Holds section, click on the Create button. In the Name field, you should fill in the name of the type of retention, in our Example - Retention (third-party organizations) (Fig. 1). The Retention is no longer used flag is set if this type of retention is no longer used at the enterprise.

Rice. 1

On the Main tab:

in the Purpose and
calculation procedure section, in the Purpose of deduction field, you need to select the value Other deduction in favor of third parties. In the Deduction field is carried out - the value is Monthly (such deduction can be designated as planned using the document Permanent deduction in favor of third parties, and its calculation will be automatically performed during the final calculation of salaries using the document Calculation of salaries and contributions);
in the Calculation and indicators section, the switch is set to the position The result is entered as a fixed amount. If you need to customize the formula, you need to set the switch to the position The result is calculated, and using the Edit formula link, the formula editor is called up and the retention formula is described.

The Calculation of Base tab is not available (the tab becomes available if the Calculation Base indicator is used in the formula, i.e., when calculating deductions, the results of accrual calculations are assumed to be used).

On the Description tab, in the Short name field, you can specify a short name for the hold. It will appear in various deduction reports. On this same tab you can also fill out a custom hold description for your reference. Then click the Record and close button.

Account 76: application by non-profit organizations (HOA)

An HOA is a typical example of a non-profit organization. They function due to:

targeted financing - from the budget or from homeowners;
permitted business activities.

Account 76 is used by the HOA to reflect exactly those transactions that are related to targeted financing. Common postings (we will agree to use subaccount 76.6 for the purposes under consideration) include the following:

Dt 76.6 Kt 86 - The HOA records the debt upon receipt of targeted funding (in practice, it makes an accrual for payments that citizens must pay);
Dt 51 Kt 76.6 - the debt is repaid upon receipt of funds to the HOA account.

Account 76: application by partnerships

The main purpose of creating partnerships is to make a profit as a result of joint business by several organizations. If there is profit, then it is distributed in proportion to the size of the contributions of each of the partners. Losses are distributed in a similar way. In both cases the score 76 is used.

Each of the partnership organizations that has the right to income records the following entries in the accounting registers:

If there is profit: Dt 76.3 Kt 91.1 - profit from joint activities is reflected;
Dt 51 Kt 76.3 - reflects the receipt of money on account of profit from joint activities.

If there are losses:

Dt 91.2 Kt 76.3 - loss from joint activities is reflected;

Dt 76.3 Kt 58.4 - the loss is repaid from the previously made deposit;

Dt 76.3 Kt 51 - the loss was paid from the current account.

Account 76: application in commission agreements

Account 76 is also used to reflect transactions under a commission agreement. Let us recall that a commission agent is an economic entity that provides intermediary services under an agreement with the principal.

For commission transactions, we agree to consider the following subaccounts:

76.80 - for settlements with the commission agent;
76.81 - for settlements with the principal;
76.82 - for settlements with the buyer.

These subaccounts are used within the following standard correspondence:

In the accounting of the commission agent who participates in the calculations: Dt 76.82 Kt 76.81 - the buyer has an obligation to redeem the goods received by the commission agent from the principal;
Dt 51 Kt 76.82 - money was received in the commission agent’s bank account for goods sold;
Dt 76.81 Kt 90.1 - commission accrued;
DT 76.81 CT 51 - payment for the goods is transferred to the principal minus the commission.

If the commission agent does not participate in the settlements, then the proceeds from the sale go to the principal himself.

In the principal's accounting: Dt 44 Kt 76.80 - commission agent's services are included in sales expenses;
Dt 19 Kt 76.80 - reflected VAT on intermediary services;
Dt 76.80 Kt 62 - based on the commission agent’s report, the intermediary’s services were credited against the payments due for the goods sold.

Account 76: application in leasing

Account 76 is also used to reflect leasing transactions. Let’s agree that for this we use three subaccounts: 76.9 - “Debt on leasing payments”, 76.10 - “Rental obligations”, 76.11 - “Debt on repurchase of property”.

If the property is on the balance sheet of the lessor:

Dt 76.9 Kt 51 - lease payment transferred;
Dt 20 Kt 76.9 - the lease payment is reflected in the accounting;
Dt 19 Kt 76.9 - VAT is taken into account in the lease payment.

If the property is listed on the lessee's balance sheet:

Dt 08 Kt 76.10 - the leasing object is accepted for accounting;
Dt 19 Kt 76.10 - presented VAT by the lessor;
Dt 76.9 Kt 51 - lease payment transferred;
Dt 76.10 Kt 76.9 - monthly lease payment is taken into account;
Dt 76.10 Kt 76.11 - the debt on the redemption value of the leased property is reflected;
Dt 76.11 Kt 51 - the redemption value of the leased object is listed.

Leasing agreements

The procedure for accounting for transactions under leasing agreements depends on where the subject of the financial lease is listed: on the balance sheet of the recipient company or the lessor.

From January 1, 2022, rental (leasing) transactions are accounted for in accordance with FAS 25/2018 “Lease Accounting”. You can start applying the Standard earlier. A ready-made solution from ConsultantPlus will help you switch to the new rules for leasing accounting. Trial access to the system can be obtained for free.

If the object is on the balance sheet of the lessor, the lessee organization shows such property as leased on off-balance sheet accounts. Records are generated:

Dt 76 Kt 51 - advance payment paid;
Dt 001 - the object is accepted for accounting;
Dt 20 (26, 44) Kt 76 - lease payment due;
Dt 19 Kt 76 - VAT on payment;
Dt 68 Kt 19 - VAT deductible;
Kt 001 - the subject of a financial lease is written off at the end of the contract.

Read more about accounting entries for the lessor and lessee in the material “Leasing under the simplified tax system, income minus expenses - entries.”

If, in accordance with the agreement, the property is placed on the balance sheet of the lessee, the organization accounts for the subject of the financial lease as fixed assets. In this case, the initial cost will be the sum of all transfers reflected in the contract, including advance payments, regular current payments, as well as the redemption fee, if provided.

Application of account 76: VAT

Account 76 is also used in VAT-related transactions. Let's look at a few examples.

Example 5

Reflection of VAT on advances received.

For the upcoming delivery of goods, the company received an advance payment of 120,000 rubles from the buyer. , from which she charged VAT: 120,000 * 20 / 120 = 20,000 rubles. Then the goods were shipped, and VAT was deducted.

In the supplier company’s postings, these operations look like this:

Dt 51 Kt 62 - advance payment received from the buyer;
Dt 76.AV Kt 68 - VAT is charged on the advance payment.
Dt 62 Kt 90 - goods shipped to the buyer;
Dt 90 Kt 68 - VAT is charged on sales;
Dt 68 Kt 76.AV - VAT is deducted after shipment and prepayment is offset.

Example 6

Reflection of VAT on advances issued.

To account for the upcoming receipt of materials, the company transferred an advance to the supplier in the amount of 60,000 rubles, adding VAT: 60,000 * 20 / 60 = 10,000 rubles. Later the materials were received and capitalized.

Let's write down the wiring:

Dt 60 Kt 51 - advance payment transferred to the supplier;
Dt 68 Kt 76.AV - VAT is charged on the advance;
Dt 10 Kt 60 - materials from the supplier have been capitalized;
Dt 19 Kt 60 - VAT on delivery is allocated;
Dt 76.AV Kt 68 - VAT on advance has been restored;
Dt 68 Kt 19 - VAT is claimed for deduction.

Example 7

Reflection of VAT on advance payment from the buyer-tax agent.

The tax agent company bought scrap metal from the seller for 100,000 rubles, having previously paid an advance payment of half the amount - 50,000 rubles.

In the buyer’s accounting entries there will be 76 accounts, and more than one:

Dt 60 Kt 51 - advance payment to the seller of 50,000 rubles;
Dt 76.NA Kt 68 - VAT is charged on an advance of 10,000 rubles. ((50,000 + 50,000 * 20%) * 20 / 120);
Dt 68 Kt 76.AV - deduction of VAT on an advance payment of 10,000 rubles.
Dt 41 Kt 60 - scrap in the amount of 100,000 rubles was accepted for accounting.
Dt 76.NA Kt 68 - VAT charged on the shipment of scrap 20,000 rubles. ((100,000 + 100,000 * 20%) * 20/120);
Dt 68 Kt 76.NA - deduction of VAT calculated when transferring the advance - 10,000 rubles;
Dt 68 Kt 76.NA - deduction of VAT on purchased scrap 20,000 rubles;
Dt 76.AV Kt 68 - VAT, previously accepted for deduction on the advance payment of 10,000 rubles, has been restored.

Account 76 does not appear in the scrap seller's accounting.

VAT on advance payments when making payments through a third party

It may be necessary, at the seller's request, to transfer the advance payment to a third party. This operation is provided for in Art. 313 of the Civil Code of the Russian Federation, but the amount of the prepayment made must also be subject to VAT.

Example

entered into a contract for the supply of products. The agreement provides for an advance payment of 25% of the delivery amount. However, Sigma has a debt to the third, and the debtor asked Omega to transfer the entire amount of the advance to the creditor. In essence, this is a transfer of debt, which must be documented. As a result, all debts are repaid, but for Sigma the payment amount will be considered an advance payment and will definitely be subject to VAT.

If such an advance is made in the form of a debt transfer, then the postings from Sigma LLC will be as follows:

Dt 601 Kt 622 - we reflect the receipt of an advance in the form of a transfer of debt, which repays the debt to a third party;

Dt 76.AV Kt 68 VAT - we reflect the accrual of VAT on the advance payment.

Application of account 76: shared construction agreements

Another area of application of account 76 is legal relations in the field of shared construction contracts. Let's look at the entries in the developer's accounting, compiled using escrow accounts - according to the new payment scheme between the investor and the developer, mandatory for use after 07/01/2019:

Dt 009 subaccount “Funds of shareholders in escrow accounts” - the shareholder transferred funds to the escrow account;
Dt 51 Kt 67 - the bank issued a targeted loan for the construction of a real estate property;
Dt 91.2 Kt 67 - interest was accrued for using the loan;
Dt 20 Kt 60 - the cost of work carried out by the contractor is included in construction costs;
Dt 43 Kt 20 - reflects the book value of the property;
Dt 76 “Settlements with shareholders” Kt 43 - the apartment was transferred to the investor after the property was put into operation;
Dt 76 “Settlements with equity holders” Kt 90 - revenue from the sale of housing is recorded;
Dt 67 Kt 76 “Settlements with shareholders” - funds from shareholders credited to the escrow account are used to repay the loan and interest;
Dt 51 Kt 76 “Settlements with shareholders” - the balance of funds of shareholders was received from escrow accounts after repayment of the loan and interest;
KT 009 “Funds of equity holders in escrow accounts” - completion of settlements through an escrow account.

Let's sum it up

Account 76 of the accounting system collects information on settlements with counterparties that has not found a place on other settlement accounts.
The list of transactions for account 76 discussed above is far from exhaustive. It can be used to reflect any transactions with debtors and creditors - if they methodologically cannot be reflected in accounting accounts 60-75.
If necessary, it is possible to open any sub-accounts for account 76 in addition to those given in the general Chart of Accounts.

If you find an error, please select a piece of text and press Ctrl+Enter.

Subaccounts to account 76

By default (in accordance with the Chart of Accounts, approved by Order of the Ministry of Finance of the Russian Federation dated October 31, 2000 No. 94-n), the following 76 sub-accounts are opened for the account:

76.1 - for accounting for insurance settlements;
76.2 - for settlements of claims;
76.3 - for settlements of dividends due;
76.4 - for settlements on deposited amounts.

In turn, on account 76, various additional sub-accounts can be opened in unlimited quantities, depending on the content of economic activity and the needs of the organization.

Debit turnover for account 76 shows:

accrual of accounts receivable;
repayment of accounts payable.

Credit turnover of account 76 reflects:

accrual of accounts payable;
repayment of receivables.