Accounting involves a lot of different operations with the main, off-balance sheet and other accounts. One of the main operations is write-off of fixed assets. It is carried out exactly with the guidelines, as well as other documents regulating the procedure.
Charged may transport, facilities that belong to the category of fixed assets. To do this, they must be morally obsolete or technically worn out. Fixed assets are also liquidated if they are hopelessly damaged as a result of an accident, natural disaster, or improper operating conditions. Structures that are subject to reconstruction and destruction, as well as those that cannot be restored, are still being written off.
Modern rules allow to write off fixed assets, even if they are suitable for work, but are not needed due to the termination of the corresponding production. This procedure is carried out even if it is not profitable and impractical, but there are certain specific reasons.
Write-off of fixed assets requires an order in which the owner (manager, director) of the retired property declares the decision. Explaining the reasons for this action is optional. By order of the head, a special commission is created, which consists of persons using fixed assets. If the write-off of fixed assets is carried out regularly, there should be documents that can justify the reasons for the liquidation of a particular asset. The commission requires the presence of the chief accountant.
Further, the object to be disposed of is carefully inspected using technical documents, the degree of its suitability for use is established, those persons are identified who have become unusable, those elements that can still be used are identified, and only then the act of cancellation is drawn up. It must be issued in duplicate. One document remains in the organization, and the other is transferred to accounting. The actions taken should be reflected in the accounting report.
The next operation is the cancellation of tax debt. The main reason for such a procedure is the loss of the ability of the tax authority to collect debt as a result of the expiration of the established period. To do this, there must be a court order stopping the powers of the tax service in connection with the expiration of the debt repayment period. You also need to have a certificate from the tax office, which indicates the amount of debt. This type of write-off is not performed without these basic documents.
Another type of accounting transaction is write-off from an off-balance sheet account. On the submitted account are those funds that are not the direct property of the organization. Write-off occurs if they become the property of the enterprise.