Accounting statements of small businesses 2021

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.

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.

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Not all companies can submit a balance sheet in a simplified form for 2021, but only those that belong to small businesses. A small company itself can decide what is more convenient for it - a full report or its simplified version. The chosen method must be reflected in the current accounting policy.

Who submits a simplified balance sheet?

The balance sheet of a small enterprise for 2021 can be submitted using a simplified form. Companies participating in the implementation of the Skolkovo innovation project, and non-profit organizations like us, can also take advantage of this right. Balance sheets in a simplified form cannot be submitted by companies that have a mandatory audit of their statements (any joint stock company falls here, since an audit report is required for them), construction and housing cooperatives, microfinance enterprises, government agencies, notary offices, lawyers, charitable foundations, parties and a number of others.

How to draw up a balance sheet for a small business?

The balance sheet of a small enterprise is formed in accordance with the appendix to Order No. 66n, approved by the Ministry of Finance on July 2, 2010. In addition to the indicators for the reporting year, it indicates indicators for the two previous years; for this purpose, special columns are provided where data at the end of the year is entered.

The OKUD form 0710001 (the balance sheet for small enterprises now has exactly this number) is used for reporting for the current year 2021, as well as for 2021.2015. Before this, a different form was used, which was used from 2012 to 2014.

The balance sheet for small businesses 2021 includes two forms: the balance sheet itself (Form 1) and the statement of financial results (Form 2). If the company considers it necessary to provide more forms to disclose missing information, then this is permitted.

Companies using the OKUD 0710001 form indicate the data in large quantities without detailing the items, since this form reflects more general indicators and the number of lines in the form is much smaller.

It doesn’t matter which taxation system the company has chosen, possibly the simplified tax system, everyone, without exception, needs to report to government agencies and prepare annual financial statements.

Regardless of the chosen volume of reporting to be provided - complete or simplified, compliance with the legal deadlines for its submission is required.

For 2021, rent is due until April 2, 2021.

If you miss the legal deadline, fines follow. Since we submit reports without fail to two government agencies - the tax inspectorate and the statistical authorities, the fines are different. In the first case, you will have to pay 200 rubles for each document not submitted on time; in the second case, a liability of 3,000 to 5,000 rubles is provided.

When there is no activity, you still must submit zero reports, otherwise the same fines await them.

How to fill out a simplified balance sheet 2017?

For each line of the balance sheet, indicators for 3 years are given; if some indicator is missing, then a dash is placed. The code in the line is entered depending on whose share in this aggregated indicator is the largest. For example, if a company has the most accounts receivable at the end of the reporting period, then code 1230 is entered in the line “Financial and other current assets” in the balance sheet.

Simplified balance sheet for small businesses: instructions for filling out

Let's start with Balance Sheet Asset . It consists of five sections and the balance sheet currency for the Asset section (line 1600). The Asset reflects all the company’s property, which is divided into current and non-current assets.

The line “Tangible non-current assets” reflects data on fixed assets. These can be buildings, structures, transport, etc. The balance of accounts 01 and 03 is entered here minus the balance of account 02, and expenses for construction in progress (account 08) are also added.

In the line “Intangible, financial and other non-current assets” the value of intangible assets is formed (these include: scientific works, works of art, computer programs, inventions, etc.), deposit balances are reflected (account 55), long-term investments ( account 58), as well as the debit balance of accounts 60, 62, 68, 69, 70, 71, 73, 75 and 76.

Filling out the “Inventories” line of the simplified balance sheet does not differ from the generally accepted filling out of financial statements. Inventories take into account the cost of raw materials and materials not transferred to production, but recorded in the debit of accounts 10, 15, 16, the cost of finished products reflected in the debit of accounts 43 and 45, the amount of costs for work in progress recorded in accounts 20,23,29 and so on.

The line “Cash and cash equivalents” indicates the presence of the company’s funds in Russian rubles and foreign currency, which are available in the accounts or at the cash desk of the enterprise, as well as cash equivalents. The account balance is reflected: 50, 51, 52, 55 (except for the amounts reflected on lines 1170 and 1240), 57.

The line “Financial and other current assets” displays information about short-term financial investments (account 58), accounts receivable claimed for VAT, but not accepted for deduction, the amount of excise taxes and other current assets of the organization.

In the currency of the asset, this is line 1600, indicating the sum of all the indicators discussed above. It reflects all the company's assets.

The liability side of the simplified balance sheet consists of 6 sections and reflects the sources of the company’s funds. Sources come in the form of own funds, they are reflected in the line “Capital and reserves” and include information about the authorized and additional capital, the reserve fund and retained earnings. Data for accounts 80 (minus the debit balance of account 81), 82, 83 and 84 is entered here.

Companies also attract borrowed funds, which are recorded in the line “Long-term borrowed funds.” Here is the debt on long-term loans and borrowings (account 67). Long-term are understood as liabilities with a maturity period of more than 1 year. This line reflects the balance of accounts 60, 62, 68, 69, 70, 71, 73, 75 and 76. And there is also “Short-term borrowed funds”, it reflects the balance of account 66.

The title of the line “Accounts payable” fully reveals its essence. This contains the credit balances of accounts 60, 62, 68, 69, 70, 71, 73, 75 and 76.

The line “Other short-term liabilities” may well not be filled in if all the information has already been indicated.

The line indicator 1700 reflects the total amount of the organization's liabilities. The results of the Asset and Liability must be equal.

A sample balance sheet 2021 for small businesses can be downloaded HERE

If you still have questions, you can ask our specialists using the feedback form on the website

Accounting statements of small businesses 2017 – time and place of presentation

The 2017 financial statements of a small enterprise are submitted to the following government agencies:

• to the federal tax service inspectorate at the place of registration of the business entity;
• to regional statistical bodies.

It must be remembered that you need to submit reports for 2021 once - no later than March 31, 2021. In terms of submission deadlines, there are no clarifications for small enterprises, and therefore they submit in the same period as large/medium-sized enterprises. Since March 31 falls on a non-working Saturday, the deadline for submitting accounting reports in 2021 is April 2.

Simplified balance sheet for simplified tax system 2021 - example of filling out

Based on the available data, let's consider an example of filling out a simplified balance sheet for the simplified tax system 2021.

When filling out the balance, you need to remember that its lines are coded; their codes can be viewed in Appendix No. 4 to Order No. 66n. Only aggregated indicators need to be included in the simplified balance sheet (that is, without detail). Therefore, the line code will need to be indicated according to the indicator that has the largest share in the structure.

The balance sheet assets will reflect the following periods.

In the liability side of the simplified balance sheet we will reflect only three lines:

After filling out the assets and liabilities of the balance sheet, you need to compare the results of lines 1600 and 1700. The indicators in these lines must match. In our example, the amount of assets is equal to the amount of liabilities and amounts to 1,339 thousand rubles. Thus, we have filled out the balance correctly and can send it to the tax and statistics services.

Simplified balance sheet for the simplified tax system 2021 - an example of filling it out can be downloaded from this link.

The chief accountant does not need to sign the simplified balance sheet; only the head of the organization must sign it.

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.