The legislation stipulates that with the advent of the new Federal Law “On Accounting” (No. 402- dated 12/06/2011), all enterprises, regardless of the tax regime, are required to submit financial statements. The new law has brought many innovations regarding accounting forms.
Thus, organizations on the simplified tax system must also prepare and submit reports. But for such organizations there is a new form of the balance sheet, simplified. Many
balance sheet items of the usual form are combined into one. Thus, the
Balance Asset consists of 5 articles, and the Passive - of 6. It is possible to compare articles of the old and new forms for a very long time, but there are small clarifications. If suddenly something is unclear to the tax authorities in an abbreviated form of the balance sheet, they may require the disclosure of information of one or another balance sheet item. This may add work for accounting, as additional clarifications will have to be made.
Most organizations that need to balance are asked a few particularly important questions. One of them: "How to fill out the balance sheet for past years, if there is no accurate data?" In this case, there are two options. Organizations can calculate documentation data, but there is one caveat. The data may not be calculated correctly, which will lead to inaccuracies in reporting, and many documents will have to be sorted out in order to calculate each indicator for the previous two years. According to the second option, the Ministry of Finance allows not filling out data for previous years at all. This complies with the legislation of the Russian Federation, as organizations cannot fill in data that they did not previously.
Another question is asked regarding the application of the new form of the balance sheet: "In what form should the
balance sheet be delivered correctly
?" The new form is intended exclusively for
small businesses, as explained by the Ministry of Finance. But the old form of the balance sheet is also suitable for organizations on the simplified tax system, if they need to describe in more detail the data for the owners.
The balance sheet form is one of the
forms of financial statements that shows the state of the organization for 3 consecutive years, and is submitted to the IFTS at the end of the year. With the adoption of the new Law on Accounting, the variety of forms increased. But here is the catch: in accounting programs there is still only the old form, so many organizations will not switch to the new one. Moreover, regardless of the exemption from reporting, organizations on the STS for the most part all kept accounting records. This is another plus in favor of the old form.
But for newly created organizations now there is a lightweight form of the balance sheet that will allow you to combine some data, which will facilitate the work of the chief accountant of the company. It is not yet possible to judge this form, since it will be applied starting with the reporting for 2013. As soon as the reporting is completed, it will be possible to understand what form is mostly accepted by small businesses.