Balance sheet for 2021
The balance sheet form for 2021, the form of which we will look at in this publication, is not that new. It was approved by order of the Ministry of Finance of the Russian Federation No. 66n dated July 2, 2010 and has been used since 2011.
An important change this year is the introduction of a new classifier OK 029-2014, and, as a result, a change in OKVED codes. Therefore, when drawing up a balance sheet and submitting reports, companies will have to pay attention to the reflection of OKVED in the balance sheet for 2021 in accordance with the newly adopted collection. Although the codes are replaced automatically, it is better to first check the information about OKVED with the tax authorities. It can be noted that only in this regard has the form of the balance sheet for 2021 undergone changes. The document form can be downloaded below.
Features of filling in 2021
If we consider the general procedure for filling out the balance sheet for 2017, it is no different from the procedure for filling out the balance sheet for previous years. The only thing you need to know: there have been changes to OKVED in the balance sheet for 2021 due to the fact that a new classifier has been adopted. That is why, when filling out financial statements, an accountant must pay attention to this so that no mistakes are made, although the tax authorities say that the codes have automatically changed in the statements.
New form of balance sheet 2021: .
In terms of the filling procedure itself, everyone knows perfectly well: the balance sheet is filled out on the reporting date as of December 31 of the reporting year. In this case, there are two columns for data: for the previous reporting period and for the current reporting period. In this case, data for previous reporting periods must correspond to the balance sheet for the same period.
Regarding the reporting currency, these are rubles. Balance sheets cannot be drawn up in foreign currency. Also, for the convenience of companies, it is allowed to fill out reports in thousands and millions of rubles (optional). It is also interesting that filling occurs without using decimal places. Rounding rules apply. For example, 556.3 thousand rubles are not used, but 556 thousand rubles are simply written. If it is so important to clarify the information, then this information is indicated in the explanatory note. The same applies to those values that do not even reach 1 thousand rubles, for example 430 rubles. on the balance sheet will not be reflected at all, since with mathematical rounding it will be equal to 0. But the zero should not be put in the balance sheet, but simply indicated by a dash. Balance sheet of an enterprise, completed example 2021 and.
Regarding the filling out procedure, we also note that enterprises have the right to simplify the balance sheet form and use only those lines that they really need. Others can adjust and delete in their own form. Such measures are permitted and the chief accountant will not be punished for them.
Many novice accountants always have a problem: where to start drawing up a balance sheet? If the accounting department uses an automatic accounting system, then the balance sheet is generated automatically. The main thing here is that the asset and liability come together. If there is inequality, you will have to look for an error: a certain operation may not have been carried out, or there may simply have been a typo when generating the wiring, etc. If the balance sheet is filled out manually, then it is best to start by filling out the reporting assets, and then move on to the liabilities.
We also draw your attention to the fact that all enterprises have a single balance sheet form - Form 1. The only exceptions are small enterprises, which are allowed to submit this form in a simplified form - Simplified Balance Sheet Form No. 5.
Submission deadlines
Regarding the deadline for submitting the balance sheet, the enterprise is required to submit such annual reports, regardless of the form of submission of the balance sheet itself, by April 2, 2021. In case of late submission, company officials will bear administrative responsibility for this.
Balance sheet 2021: features
By filling out the form, the company itself details the indicators by item, taking into account the level of materiality of each. Financial statements must be submitted to the regulatory authorities (IFTS and statistical departments) in a form that includes line codes. We will present a sample of filling out the balance sheet for 2021 in exactly this form.
The basis for drawing up a balance are accounting registers, for example, a chess sheet, memorial orders, order journals, a balance sheet or a general ledger.
Zero balance: what is it?
I would also like to draw your attention to this point: all registered companies, and even individual entrepreneurs, must create and submit a balance sheet for the reporting period. And this norm applies even to those who did not carry out any activity during the reporting period. In this case, a zero balance is submitted, where most indicators are equal to 0. An exception may be the sections of the authorized capital and fixed assets items.
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Balance sheet form for 2021: how the document is structured
The balance sheet of the organization is a table, on the left side of which all the assets of the company are reflected, and on the right side - the sources of these funds. Both of them must be equal, since the value of the property cannot be more or less than the sources of its formation.
The left side is divided into 2 sections, the first contains non-current assets, and the second contains current assets.
The right side of the balance sheet is a liability, divided into 3 parts, in which information about reserves, capital and liabilities is consistently recorded.
Small businesses: what kind of reporting do they submit?
If we talk about what kind of financial statements of a small enterprise companies should submit in 2021, then there are two options:
- Complete reporting form, which will include:
- Balance;
- DDS report (DDS - cash flow), which is essentially an annex to the main reporting;
- Income statement;
- A statement of changes in equity, which is an appendix to the balance sheet.
- A simplified form that includes:
- The balance sheet itself, but not in the form typically used by most institutions;
- Annual performance report.
Regardless of what type of activity the company is engaged in, what it produces or what services it provides, it has the right to choose: to submit full or abbreviated reports. In most cases, everyone chooses the simplified form. This is due to the fact that the two documents presented must be filled out in a very simplified version. Accounting statements of small businesses 2021 (forms) are presented here:
- Simplified form on financial results;
- Simplified balance sheet form.
The main feature of these forms is that there is not a huge number of indicators and articles. Everything is presented here in abbreviated form.
If you look at the balance sheet in Form 5, there is no division of assets and liabilities into sections. There are only 5 articles and 6 articles respectively. The reporting period is a year. For example, if in the general balance sheet there is a division of liabilities in different areas, then in a simplified form there is no such division: it is only necessary to distribute into short-term and long-term liabilities. True, the rule of providing information for the current period and the two previous ones remains the same.
Regarding the financial results report, everything is generally simple there. It is necessary to provide information on revenue, cost, expenses incurred and the amount of net profit after paying income tax.
Small business financial statements for 2021 must be filed, regardless of the option chosen, by March 31, 2018.
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Procedure for filling out the balance sheet 2021: asset
Fill out the balance form starting with the active part. For greater clarity, we offer a tabular version, which indicates in which line of the balance sheet which indicators should be reflected, as well as the rules for summing the values:
| Line code | Account balances included | |
| D/t | K/t | |
| Section I | ||
| 1110 | 04 | 05 |
| 1120 | 04 | |
| 1130 | 08 s/account for expenses for search work | |
| 1140 | 08 MC expense account for prospecting work | |
| 1150 | 01, 08 s/account for fixed assets, the commissioning of which has not yet been carried out | 02 |
| 1160 | 03 | 02 s/account “Depreciation of assets classified as income. investments" |
| 1170 | 58, 55 s/account “Deposits”, 73 s/account “Loan settlements” | 59 s/account “Accounting for reserves for long-term liabilities” |
| 1180 | 09 | |
| 1190 | amounts not included in previous lines of the section | |
| 1200: Total for Section I | sum of partition rows | |
| Section II | ||
| 1210 | 41,15,16, 97, 10, 11, 43, 45, 20, 21, 23, 29, 44 | 42, 14, |
| 1220 | 19 | |
| 1230 | 62, 60, 68, 69, 70, 71, 73 (excluding interest-rate loans), 75, 76 | 63 |
| 1240 | 58, 55 s/account “Deposits”, 73 s/account “Loan settlements” | 59 |
| 1250 | 50, 51, 52, 55, 57, 55 s/account “Deposit accounts” | |
| 1260 | the value of assets not included in the listed lines of section II | |
| 1200:Total for section II | sum of partition rows | |
| 1600: Total assets | sum of results of sections I and II | |
Accounting of small businesses for 2021 (special points)
The accounting records of a small enterprise for 2021 must be created taking into account certain rules, namely:
- in any of the three reports, indicators are entered in an aggregated form - without detailed division into items;
- in documents it is necessary to present only the most essential and significant information, without which it is impossible to analyze the financial position of the entity and the efficiency of its functioning.
Using simplified types of reports is not an obligation, but a right of small businesses, and therefore they can choose: to work according to a simplified procedure or to generate the financial statements of a small business for 2021 in full.
Filling out the 2021 balance sheet according to the lines of the passive part
| Line code | Account balances included | |
| D/t | K/t | |
| Section III | ||
| 1310 | 80 | |
| 1320 | 81 | |
| 1340 | 83 s/account “Additional assessment of fixed assets and intangible assets” | |
| 1350 | 83 (except for additional valuation of fixed assets and intangible assets) | |
| 1360 | 82 | |
| 1370 | 84 | |
| 1300: Total for Section III | sum of section III row values | |
| Section IV | ||
| 1410 | 67 | |
| 1420 | 77 | |
| 1430 | 96 | |
| 1450 | amounts not included in the lines of section IV | |
| 1400: Total for Section IV | sum of rows of section IV | |
| Section V | ||
| 1510 | 66, 67 | |
| 1520 | 60, 62, 68, 69, 70, 71, 73, 75, 76 | |
| 1530 | 98, 86 | |
| 1540 | 96 | |
| 1550 | amounts not included in the previous lines of section V | |
| 1500: Section V total | sum of rows of section V | |
| 1700: Total liabilities | sum of row values of sections III, IV and V | |
If all balance lines are filled out correctly, the final results on lines 1600 and 1700 will be the same.
Accounting statements of small businesses - what applies to them?
The composition of this reporting for legal entities is established by order of the Ministry of Finance of the Russian Federation “On Forms of Accounting Reports” dated July 2, 2010 No. 66n. The financial statements of a small enterprise in 2021, as before, include simplified forms of the following documents:
- balance sheet;
- financial report results;
- report on the intended use of funds (for companies that received such funds).
As for other forms (cash flow statement, statement of changes in capital), small companies are exempt from submitting them.
Balance sheet of an enterprise: completed example 2021
A sample of drawing up a balance sheet based on accounting data grouped in the balance sheet of Crocus LLC. To simplify the problem, let’s assume that the company was organized in 2021 and is preparing a balance sheet for 2021 for the first time. The 2017 balance sheet form, a sample of which is presented, involves considering the results of the company’s work for the reporting, last and previous years. In our example, information for 2021:
Account number Balance D/t K/t 01 825 000 02 443 000 04 8700 05 3000 08 32 000 10 50 000 19 10 000 41-2 575 000 41-3 33 000 42 120 000 44 12 500 50 10 000 51 92 000 52 7800 58 5000 60 265 000 62 15 000 66 75 000 68 57 000 69 12 000 70 30 000 71 1900 76 40 000 80 620 900 82 8000 84 75 000 In accordance with the instructions for filling out the form indicated above, we will fill out the balance sheet for 2021 based on the accounting data.
Additional reports
The same order of the Ministry of Finance No. 66n also approved:
- statement of changes in equity;
- cash flow statement.
The Ministry of Finance of the Russian Federation proceeds from the fact that a small enterprise decides for itself whether to include these reports in the final package. When adopting it, one must proceed from whether the reporting only as part of the balance sheet and financial statements provides the opportunity to more or less objectively assess:
- economic situation of the company;
- her financial achievements.
If information from accounting If the balance sheet and financial statements are not enough, additional reports must be filled out.
Thus, each of them decides independently based on:
- specifics (spheres) of its activities;
- capital structures;
- cash flows passing through the organization.
These conclusions are confirmed by information from the Ministry of Finance of Russia dated June 29, 2016 No. PZ-3/2016 “On the simplified accounting and accounting system.” That is, no sanctions. Including penalties, inspectors will not be able to apply if a small enterprise has submitted only a balance sheet and a report on the financial results of 2017.
There is another specific form for the financial statements of a small enterprise - a report on the intended use of funds. But only non-profit structures are required to include it in the overall report. Also see “Which accounting forms to use for small businesses in 2018.”
Read also
11.01.2019
Income statement
The main indicators of the form are:
- revenue in net valuation (the indicator should not contain VAT, amounts of excise taxes and other payments of the same nature);
- cost of goods (or services) sold.
Based on them, the value of gross profit is calculated (we subtract costs from revenue), and then, taking into account commercial and administrative expenses, the profit from sales (or loss if a negative result) is calculated. There is a separate line in the form for each of these indicators.
Next in the report you must indicate the amount of other income/expenses and calculate profit before calculating tax (or loss), indicate the amount of tax payable. The final indicator of the form is net profit - the amount received based on the results of work for the period (or loss), which remains at the disposal of the business entity.
For the report on financial results, a special form has been developed, introduced by Order of the Ministry of Finance of the Russian Federation No. 66n dated July 02, 2010, OKUD code 0710002. This form, similar to the balance sheet form, is used by all legal entities, except for credit, insurance and budget organizations.
What do financial statements for 2021 consist of?
Article 14 of Law No. 402-FZ dated December 6, 2011 determines the composition of financial statements.
What do financial statements consist of?
Currently, financial statements are a symbiosis of a balance sheet, a statement of financial results, an explanatory note and two appendices:
- statement of changes in capital;
- cash flow statement.
In addition, the financial reporting forms also include:
- auditor's report with confirmation of reliability;
- explanatory note.
According to Article 7 of Federal Law No. 119 of 08/07/2011, the audit report is included in the financial statements if the organization must prepare a statutory audit in accordance with the law.
In addition, before April 2 (if this date is a working day), companies must submit prepared financial statements, including a balance sheet, to the Federal Tax Service.
How to correctly fill out a balance sheet and transfer balances from last year?
It is necessary to fill out the balances as of the reporting date based on the results of the two previous years. Conventionally, it turns out that the balance for 2021 contains the balances as of December 31, 2021, December 31, 2021 and December 31, 2015.
In order to correctly draw up a balance sheet, it is necessary to check whether all transactions for the specified reporting period are reflected in accounting, and also to generate reporting turnover for synthetics and analytics in the correct order. According to clause 38 of PBU 4/99, clause 27 “Regulations on accounting and reporting”, it is necessary to prepare an inventory of the organization’s property and liabilities in a timely manner.
In order to submit financial statements correctly in accordance with current legislation, it is necessary to update 1C software products. When you sign up for an ITS.PROF agreement, you receive regular program updates, as well as methodological support from our specialists
You can get all the answers to your current questions on financial statements on our Consultation Line. Read more about how to get a consultation here>>.
Accounting statements of small businesses 2017
A simplified form for preparing financial statements is used, regulated by Order of the Ministry of Finance of the Russian Federation dated July 2, 2010 No. 66n. It is necessary to note the following main features of filling out reports:
- small enterprise accounting forms for 2017 must be encoded 0710001 (for the balance sheet), 0710002 (for the report on financial results), 0710006 (for the report on the use of funds);
- business entities can supplement the forms required for submission if this is necessary for the purpose of more complete disclosure of information, for example, create explanatory notes. The format of their presentation (text or table) is chosen by companies independently;
- No changes can be made to the approved form of financial statements of small businesses-2017. If the form is not sufficient for disclosing information due to its abbreviated version, it is necessary to use the usual type of reporting;
- If there are discrepancies between the forms and the established templates, government agencies have the right to return the completed reports for revision.
Developed and approved reporting forms for small businesses are designed to facilitate the procedure for generating and submitting documents. If they are filled out correctly, the reporting procedure is greatly simplified, but it is always necessary to check whether the business entity meets the criteria for being classified as small or not. We talked about the criteria for classifying enterprises as SMP in 2021 here. How to fill out a simplified balance, read our article.
Balance sheet for 2021
Download quickly and for free a correct sample balance sheet for 2021 for an organization in excel format. How to distribute amounts across accounts between balance sheet items, what should you remember when filling out the Form 1 report in 2021?
In 2021, organizations must submit a balance sheet to the tax authorities based on accounting data for 2021. To fill out, you should use the balance sheet approved by Order No. 66n of the Federal Tax Service.
The article provides detailed instructions for filling out the articles of this report, as well as links where you can download the current form and a sample of filling out the balance sheet for 2021 for free.
The balance sheet of an enterprise is the main accounting report that is prepared by each organization at the end of the year.
If the enterprise itself wishes, interim balance sheets are also drawn up throughout the year to verify the recorded information.
There is no need to submit interim reports anywhere; the company itself needs them for self-checking. Regulatory authorities require the mandatory submission of a balance sheet at the end of the year.
Balance due date
For 2021, the balance sheet (formerly also called Form 1) must be submitted on the last day of March 2021; the report can be submitted earlier. March 31 is the deadline for submitting reports, and in 2021 this date falls on a working day, and therefore there will be no postponements of the deadline.
The place for submitting the balance is the Federal Tax Service branch at the place of registration of the organization, as well as Rosstat. At the same time, the balance sheet must be submitted to the statistics agency in electronic format; for the tax office, there are no strict requirements for the form of reporting.
Balance Sheet for 2021
Statement of changes in equity
The report shows the following data:
- the amount of capital at the start date of the period for which the accounting service is reporting;
- movement of amounts - an increase (or, conversely, a decrease) in its size over the period;
- the value of capital at the reporting date.
Information on changes in capital is recorded according to the items of such changes, among which the following are usually highlighted: issue of shares or vice versa, reduction in their number, reduction in the par value of shares, revaluation of property, results of reorganization processes, the presence of income / expenses attributed according to accounting rules to capital amounts (for example , for additional capital).
The report form was introduced for use by Order of the Ministry of Finance No. 66n dated 07/02/2010, has OKUD code 0710003. It is used by all legal entities in accordance with the rules for the use of accounting reporting forms prescribed in the relevant regulations.
Balance sheet - sample 2021
Report No. 1 in all organizations is considered to be the balance sheet, since it is the one that provides information about the company’s assets and the size of the sources of these assets as of the reporting date, although entrepreneurs are allowed not to keep accounts and not submit a balance sheet. The form of the document is periodically reviewed and changed at the legislative level. Let's learn more about this document and the features of its preparation.
The balance sheet form for 2021, the form of which we will look at in this publication, is not that new. It was approved by order of the Ministry of Finance of the Russian Federation No. 66n dated July 2, 2010 and has been used since 2011.
An important change this year is the introduction of a new classifier OK 029-2014, and, as a result, a change in OKVED codes.
Therefore, when drawing up a balance sheet and submitting reports, companies will have to pay attention to the reflection of OKVED in the balance sheet for 2021 in accordance with the newly adopted collection.
Although the codes are replaced automatically, it is better to first check the information about OKVED with the tax authorities. It can be noted that only in this regard has the form of the balance sheet for 2021 undergone changes. The document form can be downloaded below.
By filling out the form, the company itself details the indicators by item, taking into account the level of materiality of each. Financial statements must be submitted to the regulatory authorities (IFTS and statistical departments) in a form that includes line codes. We will present a sample of filling out the balance sheet for 2021 in exactly this form.
