overdue receivables is considered in arrears, which is in accordance with the Civil Code, Article 196 it has not been paid for three years.Before you write off receivables, should be considered and what day to start as the statute of limitations - it is the date on which the person became aware of the violation by the debtor of his rights.The same provisions are guided by when writing off not only the receivable for legal but also for individuals.The documents confirming the start of the period of limitation, are the contract, warning letters, which were sent to the debtor institution.The limitation period may be interrupted for two reasons:
- recognition of its debt by the debtor, that is, during the three-year period, the debtor has paid any amount of their debt (Article 203 of the Civil Code.).
- claim in the prescribed manner to the judicial authorities.
After interrupting the limitation period, the new period shall be calculated in a new way, that is, if after 2 years, the company has receiv
Reflection in the accounting
accounting write-off of unrealistic and outstanding debts are carried out in accordance with the Regulations on conducting N 34n accounting - rule as to whether it is possible to write off receivables, and how it is done in the accounting records, it regulates paragraph 77 of this provision.Thus, the written off receivables on the basis of pre-inventory, orders or internal orders head of the organization.The amount of write-offs related to the account, which accounted for provision for doubtful debts.Please note that not all commercial organizations create a reserve account to which the period of the company made payments, the amount of which does not exceed 10% of the monthly income of the company.Therefore, due to the absence of such a provision, write-off carried out on non-operating expenses, which, in accordance with the plan of accounts considered on subaccount "Other expenses" account 91.
If the organization has found a way to write off overdue receivables, it does not mean thatthe debtor is not required to pay for them.On the count of 91, or in the reserve account receivables retained for five years in the form in which it was expelled.This is guaranteed by Chapter 26 of the Civil Code.For five years, the organization has the ability to claim back from the debtor the amount of the debt, if the situation in the debtor's financial position has changed for the better, as it became known to the creditor.For five years, the amount of overdue receivables necessarily taken into account in the balance of the organization.
addition to accounting doubtful debts, as well as the amount of overdue receivables should be considered within the framework of the organization and tax accounting.To know how to write off receivables, it is necessary to study the Russian Ministry of Finance letter N 03-03-06 / 1/3 from 13.01.2009, which states that the main criterion for the recognition of bad debt is time-barred.Moreover, regardless of whether the organization undertook some steps to recover that debt or not.Thus, at the expiration of the limitation period, the amount of debt taken into account in expenditure in the taxation of profit of the organization.
If an organization includes the overdue receivables in non-operating expenses for the tax, the amount of each debt evidenced by appropriate documentation.Thus, when it is possible to write off receivables, the company or other legal person shall submit, along with reporting to the tax office contracts, confirming the date of payment terms, the acts of the debt reconciliation, formed between the organization-debtor and this company, invoices, acts of acceptance or other documents.