You will need
- - form №2 "Report about profits and losses".
Make a record of the meeting of founders on which the decision on payment of dividends according to the accounting policy and accounting certificate-calculation, which reflects the sum of amounts paid. Calculate the amount of net profit, which will go on payment of dividends. Refer to reflect this transaction in the accounting chart of accounts and accounting Regulations.
Reflect in accounting the accrual of dividends to the debit of account 84 "retained earnings" and credit of account 75 or 70. In the first case, the income you receive, the founders of the company and third-party auctioneers, and the second – employees having shares in the organization. Accrued profit tax and reflect it in the certificate 2-NDFL, and on sheet 3 of the Tax return.
Refer to item 21 of PBU 4/99 "Accounting reporting of the enterprise" for the Report on profits and losses. There needs to be a calculation of the net profits of the enterprise during the reporting period. Show the amount of interim dividends in the statement of profit and loss in the line "Current profit tax" in parentheses with a minus sign. In this scenario accounting entry with credit scores of 70 or 75 and the debit of account 99 "Profits and losses". Dividends are credited at the end of the reporting periods, according to the new forms of accounting reports for 2011, does not reflect in the statement of profit and loss.
Align the Report information about profit and loss statement form number 2 and the balance sheet according to form 1, which diverge at the end of the reporting period due not reflect dividends. To do this, at line 190 of form 2 "Net profit/loss of the reporting period," you must enter a value that is equal to the difference data of the end and beginning of the reporting period, line 470 form # 1, increased by the amount of dividends paid.
For example, in the first half of the year were paid the interim dividend in the amount of 500 RUR per share. Russian law prohibits Declaration and payment of dividends to the societies which are insolvent or may become so after dividend payment and in case of losses in the annual balance sheet of the company.
Dividends also include any incomes received from sources outside the Russian Federation and classed as dividends in accordance with the legislation of foreign States. Not recognized as dividends Means that if the company is not accounting for double entry, and pay dividends in such a Society has no right, as the size of net assets with no data balance can be determined.
Advice 2: How to calculate dividends
Dividends on shares of joint-stock companies are paid quarterly, every six months, every nine months or every year depending on the policy of the company. Dividends are calculated depending on the types of shares, their number. There are cases where a company may not pay dividends.
Dividend is the part of profit of joint-stock company for one share remaining after payment of all taxes and fees. Each investor owns the shares at the date of compiling the shareholder register has the right to receive dividends. Profit shares are distributed among shareholders proportionally depending on the number and types of shares that they hold.
Promotions come in several forms, usually the most frequently used types of is the ordinary and preferred shares. The payment of dividends on preferred shares are carried out in the form of fixed amount or a percentage of profits on shares. Accordingly, payments on the preference shares precede the payments on the ordinary. Dividends on ordinary shares is the profit remaining after dividend payments on preferred shares.
Here is an example. Joint-stock company has issued 100 shares, 10 of them are privileged. The profit of the company after payment of all taxes and contributions amounted to $ 60. Society has determined that for each preferred share dividend shall be $ 5. Thus, holders of preference shares will receive 5 x 10 = 50 dollars. The remaining $ 10 is divided into the remaining 90 shares of common stock. Respectively, for 1 share will be approximately 0.11 to the dollar.
It is worth remembering that the joint stock companies do not always have the right to pay dividends. For example, joint-stock company has no right to pay dividends to pay (full) of the share capital, if it has signs of bankruptcy, or will have after the payment of dividends. The term and procedure of dividends payment shall be determined by the company's Charter or by decision of the General meeting of shareholders. If the term in the Statute is undefined, it is considered equal to 60 days from the date of adoption at the General meeting of shareholders the decision on payment of dividends.
Advice 3: How to reflect the balance of losses
The balance sheet is the main form of accountability that characterizes financial condition of the enterprise. Any property, investment, debt and loss can be reflected in the balance sheet and pay in cash. If at the end of the reporting period, the balance were unprofitable, to reflect on the sources of repayment in advance, then the report will be presentable.
You will need
- Balance and losses
According to the Directive all of the economic company should publish its balance sheet to third parties could obtain reliable information on the status of the organization. General information on the movement and availability of cash of the undistributed profit and uncovered losses is reflected in the 84 account of the balance sheet.
Loss covered by a reserve Fund profit of previous years, earmarked contributions, additional paid-in capital and capital increase to the size of net assets. The loss remains uncovered only in the case that the available sources for repayment are insufficient.With the success of the organization part of the profit is kept in reserve in case of losses in the future: the Debit 84, 82 Credit.
On account 99 "Profits and losses" is a debit or a credit balance, which before the approval is transferred to the account "Uncovered losses". Profit is taken into account: the Debit 99, the Credit 84. In the case of loss is the reverse posting: the Debit 84, 99 Credit. Once in the next reporting period at the meeting of the owners of the organization will approve the distribution of profits is carried out the reformation, the aim of which is to write-off 84 of the target amounts. In this case, it is credited to the account "Calculations on payment of incomes": the Debit 84, Credit 75.
When to cover the loss of profits is directed, which was once reserved, it is posting: the Debit 82, 84 of the Credit. If directed undistributed profit from previous periods: the Debit 84, 84 Loan. To bring the authorized capital of the organization to the size of net assets: Debit 80 Credit 84. The owners of the organization can repay the loss for your account: the Debit 75, the Credit 84. Any expenses of the organization should be debited for 80 account, or included in the cost of the assets.
If loss-making organization in the next reporting period will receive the income until you have repaid all losses for past periods, dividends may not be paid.
As a result of questionable credit organization or a Bank will not consent to the loan, and vendors will refuse to supply products without payment.
The profit that was spent during the reporting period, is immediately written off, the portion of the income, which can dispose of the owners assigned by the reformation.
Advice 4: How to reflect the dividend Declaration
The owners of the organization paid dividends. They are credited with the profits of the enterprise, received during the reporting period. They are reflected in an appropriate Declaration, are subject to tax at rates specified by the Tax code of the Russian Federation. In a letter to the Ministry of Finance of the Russian Federation № VE-17-3/12 explains the accrual of dividends to residents and non-residents of Russia.
You will need
- - the Declaration form;
- - constituent documents of the company;
- - The tax code of the Russian Federation;
- - letter of the Ministry of Finance of the Russian Federation № VE-17-3/12;
- - financial statements.
As a rule, dividends are paid to members of the organization for the financial year. In some cases, this occurs after the end of the quarter, six months, nine months. Use the form of the Declaration on profit, which was approved by Order FNS the Russian Federation № MMV-7-3/730 @ from 15.12.2010.
On the sheet 03 of this Declaration enter the amount of dividends, which is assumed to the owners of the enterprise. Enter this amount in the line 010. If the founders of your company are foreign organizations or foreign citizens, the amount of dividends to be paid to a non-resident write in the lines 020 and 030 of the Declaration.
According to article 275 of the tax code dividends to non-residents, legal entities and physical persons are taxed at 15%. Therefore, the sum of lines 020, 030 multiply by this value. Enter the result in line 034 of the Declaration.
When calculating the profit tax from dividends paid to Russian companies, individuals-residents who are owners of the enterprise, there are some features. The rate of taxation of such dividends is 9%. The total amount to be paid fill in row 040 of the Declaration.
The amount of dividends received by an individual owner, resident, divide the total amount of dividends. The latter value is not taken into account money paid by budgetary organizations and non-residents (they are not payers of the profit tax). The result of the division and multiply by 9%.
Now the resulting value and multiply by the difference between the dividends received by the company, and dividends subject to distribution among the other owners. Enter the result in line 041 of the Declaration.
Add the amounts in lines 034 and 041 Declaration. Enter the result in line 100. This value shall be payable to the state budget. The size of dividends paid for previous period, enter in line 110.