Record of acceptance

The acceptance certificate, reflecting the moment of completion of work or the provision of services, is an important document necessary for the implementation of accounting. Its registration must comply with the provisions of the current legislation in the country on taxes to include the committed costs in the structure of the base accepted for calculating mandatory payments to the budget from profit. It should also take into account the complexity of checking the availability of services provided to the client, due to the lack of a tangible final product. That is why in the acts on their provision, their detailed justification and description should be made.

The certificate of acceptance of services rendered and completed works should take into account the requirements of legislative acts. They allow you to accept signed documents for the taxation of profits only when all costs incurred have a direct link to the business cycle of the business entity. The act of delivery-acceptance first of all reflects the fact of execution of contractual obligations by the executive party. Approval of this document is the basis for the customer to make payment to the account of the performer.

In the event that the acceptance certificate is drawn up for services or work performed under a contract agreement, the customer is obliged to accept and inspect the result. In the event that there are shortcomings that directly affect the quality of performance, the fact of derogation should immediately be communicated to the executor. In addition, the detected negative results are stipulated in the acceptance certificate. If the deficiencies are classified as hidden, then the customer informs the contractor about their discovery within a reasonable time interval after their detection. Registration of a document reflecting the fact of the performance of services requires their delimitation and confirmation of direct communication with the production.

The certificate of acceptance is a two-sided document. In addition to reflecting the fact of direct provision of services or the completion of work, it indicates the timing of their execution. This document can also reflect their cost. Drawing up the act can accompany the fact of execution of various services. These include operations to keep records of accounting documents, which is carried out by an outsourcing company.

The presence of a signed acceptance certificate serves as a guarantee for the executive party from the customer's claims in the future. Sometimes there are situations when the provision of services was made in contractual volume and with the necessary quality, but the document confirming this fact was not issued. In this case, the unscrupulous customer (if there is an item on compensation for damage in case of unsatisfactory results of work) may wish to return part of the payment or even receive money in excess of it. For this, a calculation is made that reflects the lost profit, the size of which can be any. All these documents are submitted by the customer to the judicial authorities. From a legal point of view, he will be absolutely right, since an uncompleted moment of completion of work indicates a violation of contractual obligations.

The acceptance certificate, which serves as the basis for including the amount indicated in it in the income of the organization, and incurred costs - in its costs, is accounted for in accounting, based on the taxation method. It is indicated in the order, which reflects the main points of accounting. In the event that the enterprise works on accrual, the proceeds from the work performed are accounted for in the reporting period when they were implemented, that is, at the time of signing the act. The corresponding expenses reduce the base for the profit tax in the reporting period in which they are incurred.