Other expenses

The accounting of incomes and expenses from the category of non-operating and operational ones is carried out on a special account 91, to which sub-accounts are often opened. Sub-account 91-1 "Other income" is designed to account for non-operating and operating income. Substance 91-2 "Other expenses" is necessary for the bookkeeping of operating and non-operating expenses. Subsidy 91-9 is needed to identify the difference between other income and expenses for the previous period.

Accounting for other expenses

The records on these sub-accounts are accumulated for the whole reporting year. At the end of the month, it is customary to determine the balance for the reporting month. The balance is described on a monthly basis in a special sub-account. When the reporting year is over, all sub-accounts that are opened to account 91, except for the sub-account, are closed by records under sub-account 91-9.

For subaccount 91-1 on his loan are reflected:

- income associated with the provision of a non-permanent use of the company's assets for a fee;

- income related to the granting of rights arising from patents for industrial images, inventions, as well as other types of intellectual property for a fee;

- income associated with other organizations in participating in the authorized capital;

- proceeds related to sales and other write-off of fixed assets, as well as other assets that are different from products, cash, goods;

- interest, associated with the receipt of profit for the provision of financial assets of the organization for use, as well as interest for the use of funds by the bank in the account in which the funds of the organization are located.

Other operating expenses are accounted for under the debit 91-2:

- costs associated with the provision of a non-permanent use of the company's assets for a fee;

- expenses for granting rights related to patents for industrial designs, all kinds of inventions, as well as other types of intellectual property for a fee;

- expenses associated with participation of other organizations in the authorized capital;

- Expenses that involve the retirement, sale, as well as other write-off of funds and assets other than goods, financial assets and products;

- the residual value of assets, interest paid by the organization, costs associated with payment of services, estimated reserves and deductions.

other expenses

Regulation on accounting 10/99 regulates operating expenses. It takes into account the costs of direct activities of the company, in addition to those that make up the cost of production, which has already been realized. Operating costs are considered to be related to the following:

- participation of other companies in the authorized capital;

- the provision of the firm's assets for temporary use;

- retirement, write-off of goods or basic tangible assets;

- deductions to specialized appraisal reserves;

- payment of loans and credits;

- deductions to reserves.

Other expenses are related to the Tax Code. It is customary to include the amount of fees and taxes that are credited to the financial performance of the company.

Operating expenses include expenses for the sale of funds. To them it is customary to refer the residual value, expenses for packaging, transportation and others. Operating expenses from write-offs should be reflected in the reporting period with which they are linked.

Information on the costs of an institution should be disclosed in the accounting records. The company 's profit and loss account contains expenses divided by the cost of goods, products, services, works, management and commercial expenses, non-operating and operating expenses, as well as extraordinary, if any. All this belongs to the category "Other expenses".