The goods purchased by the agent for the guarantor will be reflected off-balance sheet: Dt 002.
In accounting, the transaction will be shown at the full cost of acquisition in accordance with the account for settlements with the supplier and the account for recording settlements with the guarantor: Dt 76 Kt 60.
The funds that were received from the guarantor and then transferred to the supplier will be accounted for in the following entries:
Dt 51 Kt 76.
Dt 60 Kt 51.
When the product is how to use the rcs database for direct marketing transferred to the guarantor, it will be written off from the off-balance sheet account: Kt 002.
The broker's remuneration and the amounts to be reimbursed to him by the guarantor shall be received as follows:
Accounting for intermediary remuneration: Dt 76 Kt 90.
Accrual of VAT on remuneration: Dt 90 Kt 68.
Accounting for the expenses of the intermediary that must be reimbursed by the guarantor: Dt 76 Kt 60.
Payment of remuneration and reimbursable expenses from the guarantor (if they were not initially received in an amount exceeding the amount required to pay the supplier): Dt 51 Kt 76.
The guarantor should make the same accounting entries for the purchase and accounting of expenses as in the case of a purchase on his behalf, except that the transaction amount will correspond to the documents drawn up in the name of the intermediary by the seller. In this case, the payments for the purchase will not be made through the intermediary:
Products (works, services) received: Dt 10 (20, 23, 25, 26, 41, 44) Kt 76.
VAT on purchase was taken into account and accepted for deduction: Dt 19 Kt 76, Dt 68 Kt 19.
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Tax accounting of agency agreements for the provision of services
Regardless of the type of service, the customer pays for the agent's work, and the agent acts on his own behalf or on behalf of the employer. Let's consider the tax accounting of agency agreements for the provision of services.
How should the principal pay taxes under the contract?
Income received by both the agent and the principal is subject to taxation. The method of calculating the tax depends on the chosen regime.
For a principal working under the simplified tax system "Income", income is considered to be the full amount received from clients who paid for the principal's goods, work or services through an agent. In this case, the agent's fee cannot be deducted from the total income, even if he transferred the funds minus his commission. Income must be recorded in the accounting book on the day when the principal actually received the funds from the agent. If the intermediary sold products to the enterprise on October 10, and the funds were received from the client on October 25, then the principal's income must be recorded in his accounting book on October 25.
Let's assume that an individual entrepreneur uses an agency agreement to sell auto parts on a marketplace. In January, he received revenue from the platform in the amount of 15,000 ₽, while the platform withheld a commission of 5%. On February 10, 14,250 ₽ was received into the individual entrepreneur's bank account. When calculating the tax under the simplified tax system "Income", the individual entrepreneur will need to take into account the amount transferred by buyers, that is, 15,000 ₽, as his income.