Reporting LLC. When is the balance sheet submitted (deadlines, nuances)

An accounting report is a reflection of the enterprise’s activities as of the reporting date. Properly compiled, it can be useful not only to the tax authority, but also to the manager or owners of the enterprise. Therefore, you should pay special attention to how the balance sheet is formed and how it is surrendered.

The composition of the reporting and the rules for its completion are regulated by the federal law “On Accounting”. But when the balance is handed over is stated in Article 23 of the Tax Code of the Russian Federation.

Who hands over the balance

Which organizations hand over the balance sheet is stated in Law 402-FZ of December 6, 2011. Now all economic entities are required to provide financial statements, with the exception of some individual entrepreneurs who keep records of income and expenses. Also in this law there is a clause about which organizations may not hand over the balance. This applies to branches of enterprises established on the territory of foreign countries.

Composition of financial statements

Which reporting forms will need to be submitted depends on whether the enterprise is commercial, budget-funded, or whether it is a small business entity (SMB).

A commercial organization submits the following package of reporting forms:

• Balance sheet;
• Income statement;
• Attachments (statement of changes in equity, statement of cash flows and an appendix with a breakdown of the main lines of the balance sheet and income statement).

SMEs that are not subject to mandatory audit criteria have the right to provide simplified financial statements. It is distinguished by aggregated indicators grouped by articles and the absence of detailed transcripts. It is necessary to understand that this opportunity exists regardless of the taxation system. That is, both organizations using the simplified tax system may be required to submit basic detailed forms, and enterprises using the simplified tax system can provide simplified reporting . In addition, those who submit a balance sheet should remember that providing it in a simplified form is a right, not an obligation. And if necessary, you can always submit the main report.

For non-profit enterprises, the reporting includes a report on the intended use of funds instead of a report on financial results.

Advice: Every year before submitting the balance sheet, you should check whether the reporting forms have changed.

The form of the accounting report and appendices was approved by Order of the Ministry of Finance 66n dated 07/02/2010 and when writing the accounting policy, it can be supplemented, if necessary, with any number of lines, but it is not allowed to exclude any information from the established forms. When finalizing the form of the document, we must not forget that the financial statements must be:

• Reliable;
• Informative for users of the report in order to make economic decisions based on the data obtained;
• Compiled on the basis of data from accounting registers.

Remembering that the balance sheet is not only a report for regulatory authorities, but also an opportunity to check the state of accounting and assess the economic stability of the enterprise, drawing up such a document no longer seems like a burden.

Where and when are financial statements submitted?

During the period when the balance sheet is submitted, it is necessary to clarify whether the address of the tax authority to which the company belongs has changed. You can provide documents:

• To the inspection in person or through a representative by proxy;
• By mail with a mandatory list of attachments, which is subsequently stored along with the report;
• Through the Internet.

Having submitted the documents to the tax authority, it is necessary to send the report to the state statistics body.

But how many times a year do they hand over their balance sheets? Fortunately, this question can now be answered - only once, and not every quarter as before. The Tax Code requires reporting to be submitted no later than three months after the end of the year.

You should pay attention to the deadlines for submitting balance sheets for newly created organizations. They depend on the date of registration. If an enterprise is registered after September 30, then it submits its first report only at the end of the next year.

When answering the question of when organizations hand over their balance sheets, it is necessary to note cases of reorganization or liquidation. Then the inspection must be provided with a separation or liquidation balance sheet, respectively, in which the end date of the reporting period will be the day of making an entry about changes in the Unified State Register of Legal Entities.

You should also remember how many times a year the balance sheet must be submitted to the owners of the organization for approval. The problem is that the deadline for submitting reports to the tax office occurs earlier than the last date established for holding annual meetings of participants or shareholders (or the Board of Directors). Because of this, corrections to reports based on the results of the annual meeting are possible, because When new facts of activity are discovered, the impact of business transactions on the balance sheet is inevitable. And clause 8 of PBU 22/2010 states whether it is possible to submit an updated balance sheet. It is possible only if a significant error found before the date of approval of the report is corrected in the manner prescribed by law.

For some types of activities, provision is made for the submission of interim quarterly reports to the authorities that control such activities. However, there is no need to provide such reports to the tax office. We are talking about the following companies:

• Insurance companies;
• Professional participants in the securities market.

Late submission of the balance sheet entails a fine of 200 rubles for each form, this is stated in Article 126 of the Tax Code of the Russian Federation, and officials can be brought to administrative liability with a fine of 300 to 500 rubles.

When preparing a balance sheet, you must remember accuracy, care, and accuracy, and then the document will become not only an unnecessary report, but a tool for competent management of the enterprise.

Responsibility for this violation of the deadlines for submitting tax returns is provided for in Article 119 of the Tax Code of the Russian Federation. Moreover, regardless of the period of delay with the declaration, the amount of the fine is 5% of the unpaid amount of tax, but not more than 30% of the untransferred amount of tax on the declaration and not less than 1000 rubles.

For violation of the deadline for submitting a company declaration, the manager or chief accountant will be fined in the amount of 300 to 500 rubles (Article 15.5 of the Code of Administrative Offenses of the Russian Federation). Protocols on these administrative offenses are drawn up by tax officials
(clause 5, part 2, article 28.3 of the Code of Administrative Offenses of the Russian Federation).

To avoid being fined, comply with all deadlines for submitting reports and paying taxes.

Organizations using the general taxation system submit reports monthly, quarterly, based on the results of 9 months and for the year.

Tax reporting in 2017 to the Federal Tax Service and funds

*If the last day of the period falls on a day recognized in accordance with the legislation of the Russian Federation as a weekend and (or) a non-working holiday, the end of the period is considered to be the next working day following it.

Accounting statements in 2017 to the Federal Tax Service and Rosstat

**If the last day of the period falls on a day recognized in accordance with the legislation of the Russian Federation as a weekend and (or) a non-working holiday, the end of the period is considered to be the next working day following it.

Deadlines for submitting LLC reports to the simplified tax system in 2016

Companies using the simplified taxation system submit a VAT return if their activities are included in the list of exceptions specified in paragraph 2 of Article 346.11 of the Tax Code of the Russian Federation. In other cases, the simplified company does not submit a VAT return.

Companies using a simplified taxation system are not exempt from submitting reports to the Pension Fund, Social Insurance Fund and Federal Tax Service.

The Federal Tax Service must submit information about the average number of employees and certificates in forms 2-NDFL and 6-NDFL. With the Social Insurance Fund you need to report for 2016 using Form 4-FSS, and then in 2017 you need to submit a Unified calculation of insurance premiums to the Federal Tax Service.

The reporting of simplifiers in forms 2-NDFL, 6-NDFL, 4-FSS, RSV-1 is no different from the reporting of organizations using the general taxation system. We have written about the reporting procedure above; see the table for details.

In addition, an organization using the simplified tax system is obliged to report and pay transport and land tax if it has property on its balance sheet that is subject to taxation.

A company submits its financial statements using the simplified taxation system in the same way as a company using OSNO.

Deadlines for submitting financial statements: preparation of documents + innovations for 2017 + choice of reporting form + features of submitting financial statements to statistical authorities + summary data on submission for 4 quarters.

Whether it is a small or large business, the process of submitting reports to the accounting department is an integral part of organizing the work process throughout the year.

Today we Consider the deadlines for submitting financial statements and we will analyze points that may raise questions due to constant changes in the legal system of our country.

Preparation of financial statements

The company's accounting department is open all year round. Information is submitted to the relevant authorities in 4 quarters, each of which consists of 4 months.

Depending on the size of the organization, the preparation process may take 1–2 months of continuous work, and double-checking financial indicators complicates the work of the entire department.

1) Objectives of financial statements and requirements for them.

Why do you need to submit reports to government departments?

The incoming information makes it possible for government authorities to assess and control the amount of funds entering the treasury throughout the year.

Objectives of financial reporting:

• assistance in resolving issues of mutual cooperation between the organization and the state;
• analysis of payment periods and amounts;
• rational display of indicators of the financial stability of the organization.

In addition to the tasks, a number of requirements are also put forward, without compliance with which the likelihood of the documentation being accepted by the authorities will be zero.

Proper execution and structuring of reports is an important component of successful activities.

Requirements:

1. Displaying the complete financial picture of the enterprise by recording its activities.
2. Application of types and methods of activity pre-approved by the financial department.
3. Compliance with deadlines for submitting documentation to the tax authorities of the Russian Federation.

The main components of the reports are figures on the organization’s balance sheet and its quarterly expenses while making a profit in the process of operation. Often, an audit summary and an explanatory note are added to the bulk of the paperwork.

2) Changes in 2017.

Since January 2017, some deadlines for submitting financial statements have undergone changes. Several new forms of documentation have appeared that are required to be submitted.

Failure to comply with the requirements for registration and deadlines will result in the accrual of significant fines to organizations.

In April 2017, the form for submitting reports became simplified.

Information, including insurance code and other personal data, is submitted for each employee to the pension authorities at the end of each quarter.

If the submission is late, a penalty of 1000 rubles is imposed, and if there are errors in the data, you will have to pay 500 rubles.

The procedure for final confirmation of papers is simplified: the chief accountant is exempt from the obligation to affix reports with a personal signature on the documents.

If a company is registered under a simplified tax collection scheme, it will still be required to maintain reports and submit them within the deadlines specified by law.

List of documents on financial statements

Starting from January 2013, in accordance with changes in deadlines, each enterprise is obliged to provide on time a list of basic documents informing the tax authorities about the organization’s work.

A large number of forms and declarations of various directions are included in the main sections of an enterprise’s reporting; a list of the main ones is presented below.

The documentation must contain:

• balance sheet;
• certificate of profit and expenses;
• report on changes in capital;
• reports on cash flow within the system;
• balance additions;
• reports on finance department forms;
• audit report;
• explanatory note.

In fact, you must confirm and record any financial transactions that took place in your company during the period of time included in the filing deadline.

1. Submission form.

Initially, you have 2 options for how to submit reports. Timing is an important factor.

The procedure involves the transfer of documentation through nearby tax departments in the region of residence of the individual/legal entity.

If registration in printed form can take up to 2 - 3 calendar days, then with electronic submission you are instantly registered with the government agency.

Delivery in printed form:

Through a personal visit to the department.

Both the head of the enterprise and his authorized representative can transfer documents.

The moment of swelling is recorded by a representative on site.

Via mail.

To avoid overlaps, you should add an inventory of the contents to the envelope.

The filing date is considered to be the moment it is sent from the post office.

The electronic filing form is more popular and avoids misunderstandings between the taxpayer and the system.

There are 2 most common ways to submit financial statements electronically:

Method 1: EDF operator.

The process is organized using telecommunication channels with 3 levels of protection for electronic signatures.
Filing deadlines are fixed when reports are received on the tax authorities’ server.

Advantages of the method:

saving personal time.

You can submit reports from anywhere in the world without worrying about delivery times - all documents are registered in the system within 5 minutes;

• no need for hard copies;
• the system automatically searches for errors and points them out, preventing premature submission;
• the ability to update report forms and supplement missing ones at any time from your personal account;
• receiving within 24 hours a certificate confirming receipt and registration of documents on time;
• multi-level protection system.

At any time, the user has the opportunity to send a request for the provision of individual documents for previous quarters.

A convenient way to recover lost files if problem situations arise with your equipment.

Method 2: Through the Federal Tax Service.

The Russian Federal Tax Website has recently launched a new project that simplifies the form for filing financial statements by taxpayers.

Work algorithm:

1. Get a user ID from the tax service website.
2. Install the “Legal Taxpayer” program.
3. Register through the program using the received ID.
4. Install 2 additional modules: “Root Certificate” and “Certificate Revocation List”.

Submission of accounting reports for enterprises with more than 100 employees should preferably be carried out electronically.

Large enterprises should focus on this format; presumably, in 1–2 years, the wish will take on a mandatory form.

What are the deadlines for submitting financial statements?

The total volume of documentation to be submitted varies from 30 to 60 units per year. It all depends on the type of organization.

Private entrepreneurs who use can fit into 20 forms.

1) Quarterly table of deadlines for submitting financial statements.

The table will be the most visual way to present all the deadlines for submitting reports throughout the year.

A breakdown by quarter will help avoid confusion.

The table includes data on all items of accounting reporting that is required from both LLCs and private enterprises.

The filing deadlines have been in effect since 2013 and have remained virtually unchanged over the past 4 years.

Features of submitting financial statements to statistical authorities

Submission of statistical documentation is included in the accounting package. Submission is carried out in both printed and electronic form.

Depending on the type of organization, statistics can be selective or continuous.

Continuous statistics oblige the submission of reports within the specified time frame along with other documents. A random audit is carried out by tax authorities 1-2 times every 5 years.

The list of enterprises subject to inspection is compiled randomly.

In what forms can you submit:

• data reflecting the financial performance of the organization;
• information on the turnover of enterprise assets;
• data on activities performed during the reporting period;
• declarations with information on employees (rate, number, etc.).

If an organization does not comply with the filing deadlines, a fine of 20,000 rubles for individuals and up to 60,000 rubles for legal entities is provided.

The deadlines for submitting statistics are determined for each enterprise individually.

How long should financial statements be kept?

The storage periods for financial statements were last changed in 2013. The countdown begins in January next year.

That is, if you submitted reports in September 2017, the countdown should begin on January 1, 2018.

Institutions are required to keep records for 5 years. Quarterly reports are kept for 3 years, and annual reports for up to 10 years. If all the documentation is in printed form, notes should be made on it to submit it to the tax authorities.

As we see, The deadlines for submitting financial statements have remained unchanged for 4 years..

Information about minor amendments and innovations can be found on the official website of the tax office.

When should financial statements be submitted?

Learn about when to submit reports to the Pension Fund and the Social Insurance Fund from the video:

Compliance with deadlines will allow you to avoid fines, and will also increase the level of government confidence in your organization.

Business entities, at least most of them, keep accounting records. the result of long and painstaking work on accounting for assets and business transactions. This article will tell you how and where it needs to be submitted, what is the deadline for submitting financial statements and what points should be taken into account.

Basic requirements for financial statements

The general rules for the preparation and presentation of financial statements are established by Order of the Ministry of Finance of the Russian Federation dated July 29, 1998 No. 34n, issued on the basis of the Federal Law on Accounting. According to these regulations, financial statements must reliably reflect the indicators of the economic life of an economic entity. The data for its compilation is taken from accounting registers and primary documents. Reporting cannot be prepared in any form; special forms of financial reporting have been approved for these purposes.

Rules for submitting financial statements

Reports prepared by economic entities are submitted to the tax authorities at the place of registration of the enterprise annually. The deadline for submitting reports to the Federal Tax Service is three months from the end of the financial year.

In addition to submitting it to the tax service, it must also be provided with “statistics”. This procedure is provided for by Order No. 220 of Rosstat dated March 31, 2014. This procedure stipulates that a copy of the annual reporting shall be submitted to the statistics service at the place of registration of the enterprise.

There are three ways in which you can fulfill the obligation to submit reports:

• personally to the territorial authority,
• via postal service,
• through telecommunication channels, in electronic form.

In the latter case, the person submitting the reporting needs to sign an agreement with. Or use the intermediary services of one of the many accounting firms that have such an agreement.

Note! Submitted reports must be provided with contact information for enterprises so that, if necessary, Rosstat employees can contact a representative of the business entity.

In the case of submitting reports to statistical authorities, it is advisable to submit reports with a letter, in the text of which indicate the necessary contact information: email address, mobile or landline phone numbers. When sending a copy of the report by post, it is worth doing it by registered letter with acknowledgment of delivery.

If the organization is not exempt, according to the law, from mandatory accounting, and, accordingly, from the need to prepare financial statements, and also if it is not considered a religious organization that at the end of the year did not have an obligation to pay taxes, then The reporting deadline is March 31 of the year following the reporting year. Let us remind you that a legal entity or individual entrepreneur may be exempt from accounting in the event of a transition to one of the special tax regimes provided for by the Tax Code of the Russian Federation (USN, UTII). Keeping a ledger of income and expenses, which may be mandatory in these cases, is not accounting.

A similar period, no later than three months from the end of the financial year, is provided for submitting a copy of the report to the territorial bodies of state statistics.

The day of submission of financial statements to both tax authorities and statistical authorities is determined as follows:

• for reports submitted personally to the relevant body - the date indicated on the stamp of the body to which the reports were submitted,
• for reporting sent by post - the date stamped by the post office on the shipping receipt,
• for reporting sent via telecommunication networks - the date recorded by the telecom operator and indicated in a special electronic document - notice of receipt.

Explanatory note to the financial statements

The explanatory note, in itself, is not included in the list of reporting documents defined by law. However, the significance of this document is difficult to overestimate. The explanatory note contains all the information that is not included in the other reporting documents, but, in the opinion of the reporting entity, may be of interest to users of the financial statements.

For example, an explanatory note is of great practical importance if a business entity receives a loss at the end of the reporting year. The reporting forms will contain only dry figures indicating a loss, which can “signal” that something is not right at the enterprise. Or perhaps there is a fact of concealment of profits and tax evasion. The explanatory note should dissuade the inspectors from this and explain the reasons for the losses.

Correcting errors in financial statements

Any activity involves the possibility of errors. Accounting is no exception. Legislative provisions provide ways to correct such errors. Currently, the Accounting Rules 22/2010 approved by the Ministry of Finance are in force.

The key role in how the error is corrected is played by the factor of its materiality. How significant the error is for users who are interested in the information contained in the financial statements is decided by the economic entity itself. This parameter is reflected in the accounting policy of the enterprise. Practice shows that a five percent materiality threshold is currently relevant. That is, if an error, taken individually or in combination with others, changes the financial statements by more than five percent, then it is considered significant.

Please note: The threshold for the materiality of an error made in accounting must be justified by the real economic needs of the enterprise and users of these statements.

The concepts of “correction in accounting” and “correction in financial statements”, in the authoritative opinion of the legislator, are not equivalent. It follows from this that errors made by an economic entity in accounting, regardless of their significance, are corrected by entries in the relevant accounts. In contrast, adjustments and corrections of immaterial errors are not provided for financial statements. Depending on the period in which significant errors were identified, the following actions:

• replacement of the originally submitted financial statements,
• retrospective recalculation of financial statements.

The tax service and statistical authorities will avoid further adverse consequences in relations with government agencies and other users of reporting.

In this article we will look at the deadline for submitting a balance sheet. We will find out what is included in the organization’s financial statements in addition to submitting the balance sheet. Let's talk about responsibility for non-delivery and delay.

The presentation of balance sheets is carried out by persons who are responsible for maintaining accounting records. Reporting is presented regardless of the organizational form. Enterprises registered in the form of individual entrepreneurs are exempt from accounting. The reporting period for the formation of balances is the calendar year.

Reporting deadlines

Financial statements are submitted once a year, within 3 months after the end of the calendar year. Enterprises have the obligation to prepare balance sheets for reporting periods. Indicators generated within the year are used by internal consumers of information - the manager, founders, shareholders.

The deadline for filing annual financial statements does not depend on the taxation system chosen by the enterprise - OSNO, simplified tax system, UTII, unified agricultural tax. The reporting filing date is the same for all organizations. The individual entrepreneur does not provide accounting data. The obligation to submit interim forms arises in certain circumstances during reorganization or liquidation of companies.

Reporting deadlines for non-profit organizations

The reporting period for budgetary, autonomous, and government institutions is determined from the day the organizations are included in the register of recipients of budgetary funding. When conducting business during a financial year, reporting is presented for an annual period. Public sector enterprises are not required to submit balance sheets to statistical authorities. The recipient of the reporting is the higher authority (budget manager) and the Federal Tax Service. The forms differ from the forms of commercial enterprises.

Organizations of budgetary, state-owned, autonomous types submit reports:

• Monthly – to a higher authority;
• Quarterly - to a higher authority;
• Annually – to a higher authority and the Federal Tax Service.

The deadline for submitting annual forms to the budget manager is January of the year following the reporting year. Dates are set depending on the type of form submitted. To the Federal Tax Service, the deadline for submitting data coincides with the generally established one - 3 months after the end of the reporting year. The composition of the forms for organizations and budget managers differs.

Non-profit organizations are required to submit annual reports in accordance with the generally established procedure. NPOs have the right to report on forms established by law or independently developed forms. In the absence of activity, NPOs may have zero balances due to the absence of the need to form an authorized capital. Balance sheets are presented regardless of the conduct of business.

Deadlines for submitting reports for new and liquidated organizations

The period for which reporting is presented has different deadlines for newly formed enterprises, liquidated enterprises, and reorganized enterprises.

When submitting balance sheets of new enterprises:

• In the year of establishment of the enterprise, the period is calculated from the date of registration to the end of the year;
• Companies registered in the 4th quarter do not submit balance sheets for the current year period. The first reporting period is the next calendar year;
• Reporting is also submitted in the absence of activity.

The reporting period of a liquidated company is limited to the date of making an entry in the register about the termination of activities. Organizations undergoing liquidation submit 3 types of reporting. Generally established balance sheet forms in their original form or forms modified by enterprises are used.

For liquidated organizations, the reporting period is calculated from January 1 of the year of liquidation to the date of filing the last reports. In the latest financial statements of the enterprise there are no indicators of economic activity. Standards for the composition of forms and the preparation of recent reports have not been established.

Reporting of reorganized enterprises

In the process of reorganization in the form of merger, transformation, division or accession, a new organizational form is created. The reorganized enterprise is obliged to submit the latest financial statements resulting from the transformation - the introductory ones. The deadline for submitting balance sheets is tied to the date of changes, the day before the information is entered into the register. Features of reporting depend on the form of reorganization. Conditions for submitting reports during reorganization in the form:

• Divisions. Rights and obligations are transferred to the new organization on the basis of the separation balance sheet. The reorganized enterprise closes its accounts the day before making an entry in the register;
• Discharge. The indicators of the reorganized organization are divided. If the financial year is continuous and only property and liabilities are separated, final reporting is not generated. Interim reporting is presented;
• Accessions. The final reporting is prepared by the merging organization the day before the entry is made in the register. An enterprise joined by another person continues the financial year without closing accounts and submitting final reports with the presentation of interim indicators.
• Mergers. The final reporting is submitted by the reorganized organization with the closure of accounts and reflection of the costs of the procedure. The initial indicators of the newly organized company are formed on the basis of the transfer deed;
• Transformations. Reporting is submitted by the transformed enterprise the day before the change of organizational form. The transfer of the remains of the transformed enterprise is carried out according to the act.

Deadline for submitting the balance sheet: composition of the submitted financial statements

The list of financial statements is established depending on the category of taxpayer. Small businesses submit reports to the control authorities as part of Form 1 and Form 2 balance sheets. Other enterprises, with the exception of individual entrepreneurs, are required to submit attachments in addition to the main forms:

• Statement of changes in equity;
• Cash flow statement;
• Report on the intended use of funds;
• Explanations for the information provided in the forms.

An audit report is additionally submitted to Rosstat as part of the mandatory forms for enterprises subject to mandatory audit. The Federal Tax Service does not have the obligation to submit a conclusion, which does not relieve one from responsibility for refusing to carry it out.

The legislation establishes a list of conditions under which enterprises are required to order an audit from a specialized organization. Joint-stock companies, LLCs with assets at the end of the year of more than 60 million rubles, political parties, microfinance organizations and other types are subject to mandatory audit.

Responsibility for violation of deadlines for submitting reports to the Federal Tax Service

Enterprises that violate the requirements to comply with reporting deadlines are subject to tax and administrative liability. The fine is set in accordance with Art. 126 of the Tax Code of the Russian Federation in the amount of 200 rubles for each unsubmitted document. Administrative liability is established in the amount of 300 to 500 rubles with the involvement of an official - manager or chief accountant - in punishment.

Organizations that misrepresent balance sheet data are also held accountable. The Federal Tax Service interprets incorrect data as a gross violation of accounting procedures. A gross violation of the Tax Code of the Russian Federation means systematic untimely or incorrect reflection of the facts of business transactions on accounting and reporting accounts. Gross misstatement of data is estimated to be within 10% of correct reporting figures. The amount of the administrative fine imposed on an official for distorting data ranges from 2 to 3 thousand rubles.

Responsibility for failure to submit reports to Rosstat offices

Statistical bodies do not have the right to apply tax penalties. The institution applies punishment for failure to provide data or violation of deadlines in the form of administrative liability under Art. 19.7 Code of Administrative Offences.

The table shows the amounts of fines:

Reporting to Rosstat is submitted electronically. An exception to the reporting form is provided to micro-enterprises that have the right to submit forms in paper form.

Reporting Options

Enterprises have the opportunity to present reports in several ways. Methods used:

• Personal representation or through a representative. The advantages include the possibility of contact with the receiving party. If there are obvious errors, there will be the possibility of additional consultation, without the need for payment. The disadvantages of visiting the Federal Tax Service include the need for a large investment of time;
• Unloading via 1C. Electronic exchange is possible upon concluding an agreement with a 1C partner and receiving electronic keys. The advantages include the ability to upload documents directly from the program when using it for accounting. The disadvantages include the need to pay;
• Representation via VLSI. Submission of reporting via the Internet is carried out when using the resource or by downloading from another program. The advantages include efficiency, reliability of delivery, the ability to consult and download offline. The downside is the need to conclude an agreement with payment for services;
• Using the government services website. Submitting reporting through the resource precedes the creation of a personal account and registration of keys, which is a disadvantage of this method. The advantages include the absence of fees for using the resource and prompt feedback.

Common reporting errors

Errors may occur when preparing to submit financial statements.

An example of an error in the balance sheet, which resulted in a discrepancy between assets and liabilities. The Micron organization has long-term receivables, the amount of which at the end of the year amounted to 360 thousand rubles up to 90 days. The unused reserve created by the enterprise was restored. At the same time, a new reserve was created in the amount of 180 thousand rubles. In the balance sheet, the organization reflected the amount of receivables and reserves in full. As a result, balance sheet indicators were distorted. Correct indication of the debt minus the reserve. After correcting the errors, the discrepancies were eliminated.

Common Questions

Question No. 1. Can JSCs belonging to small enterprises submit reports in an abbreviated form?

Answer: Organizations subject to mandatory audit cannot submit reports in a simplified form.

Question No. 2. Does a small enterprise have the right to submit reports in full?

Answer: Keeping records and submitting reports by small businesses in a simplified form is the right, but not the obligation of the organization.

Question #3. What is the composition of the final financial statements?

Answer: The composition of balance sheets and applications is presented in the amount previously accepted by the enterprise when conducting business the day before the entry was made in the register.

Question #4. Can individual entrepreneurs submit financial statements using independently developed forms to the bank?

Answer: Fulfillment of the bank's request to obtain accounting indicators is carried out on the basis of an agreement between the two parties. Reporting is presented in reference form and should not be duplicated by the Federal Tax Service.

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