0710001 balance sheet for small businesses.

Reporting documentation is necessary for every firm, company, corporation. In general, any enterprise that operates and carries out any activity. The balance sheet is compiled for a specific purpose - to show a complete picture of the financial situation of a given enterprise for a certain period of time, which is called the reporting period and can be set individually within the framework of the needs of the business entity.

Example of filling out form 1

First sheet:

Second sheet:

How to submit a company's balance sheet

In order to submit reports correctly, it is necessary to draw up a balance sheet according to certain requirements. Form 1 answers them in the official version. The balance sheet in Form 1 is filled out by all organizations submitting reports.

Some organizations may improve this form to suit their needs, but the general requirements must be met, including maintaining the encoding of this document. It must be accompanied by explanations in the general reporting manner.

The OKUD form 0710001 was approved by the relevant order of the Ministry of Finance No. 66n as the main example for drawing up a balance sheet. It consists of two parts - which reflect all the basic information about the financial activities of the business entity.

Form 1, when filled out, has the following requirements:

  • Correctness and reliability of the information entered.
  • No errors or fixes.
  • Availability of all necessary details when filling out the title part.

OKUD 071001 can be filled in with amounts in thousands or millions. In the case when the company’s turnover is very large, which provokes the appearance of a large number of zeros on the balance sheet, the company can choose a convenient amount reduction for itself and include an explanation for it in the accompanying documents.

Full instructions on how to create a balance can be seen in this video:

The essence of the balance sheet

The components of this type of reporting are Asset and Liability, which have sections, and they contain groups of accounting items. The balance sheet of an enterprise must be drawn up in accordance with this structure in order to fully display all funds within the framework of their belonging to articles, and then to sections.

All indicators of financial position are valid for a certain period of time. Therefore, in order to form a correct and objective opinion on the organization, it is worth considering the balance that is relevant at a given time.

There are different types, an example of which are. It is horizontal analysis that allows you to create an objective picture of the organization’s performance over time.

The balance sheet is needed not only for internal review and analysis of activities. It is also required to be submitted as part of an accounting reporting package to the tax office, as well as to statistical authorities.

The balance sheet in Form 1 is submitted once a year to the tax authorities along with accompanying documents. Some enterprises have the right to submit a simplified reporting form and not attach explanatory documents. This right is regulated by the Tax Code.

It can be submitted to the tax control authorities independently or by proxy through a representative, sent by mail with a list of attachments, and also transmitted electronically using the Internet.

It is worth noting that if the balance sheet is not submitted for consideration on time, then fines may be imposed on the business entity. Also, the person responsible for reporting may be held administratively liable.

So, in order to submit accounting reports to tax authorities, statistical authorities, as well as for internal review, you need a balance sheet form, which must be filled out by the responsible person. This document is very important for compiling an objective description of the financial condition of the organization, as well as the correct distribution of finances during its operation. Based on the analysis of the balance sheet, you can not only form an opinion on the state of finances, but also make some forecasts for future work.

Form 1 of the balance sheet is the main and, perhaps, the most important component of financial statements. It is used to judge the financial position of the organization. All companies fill it out without exception. Therefore, every self-respecting accountant should know how the balance sheet is filled out. In this article we will tell and show how to do it correctly.

Balance sheet of an enterprise - form 1 or 0710001?

Form 1 balance sheet was officially called until 2011, while the reporting forms approved by order of the Ministry of Finance of the Russian Federation dated July 22, 2003 No. 67n were in effect.

In the order of the Ministry of Finance of Russia dated July 2, 2010 No. 66n, which approved the accounting forms that are currently relevant, the concept of “form 1” is not used. Now the forms are coded according to OKUD - the All-Russian Classifier of Management Documentation (OK 011-93), approved by Decree of the State Standard of Russia dated December 30, 1993 No. 299. And according to it the balance sheet code is 0710001.

However, most of us continue to call the balance sheet in the old way - out of tradition or for the sake of convenience. After all, any accountant understands what the one who requires form number 1 from him wants to receive.

Read about the features of filling out a simplified balance sheet form.

ATTENTION! From 06/01/2019, the balance sheet form is valid as amended by Order of the Ministry of Finance dated 04/19/2019 No. 61n.

The key changes to it (and other reporting) are:

  • now reporting can only be prepared in thousand rubles, millions can no longer be used as a unit of measurement;
  • OKVED in the header has been replaced by OKVED 2;
  • The balance sheet must contain information about the audit organization (auditor).

The auditor mark should only be given to those companies that are subject to mandatory audit. Tax authorities will use it both to impose a fine on the organization itself if it ignored the obligation to undergo an audit, and in order to know from which auditor they can request information on the organization in accordance with Art. 93 Tax Code of the Russian Federation.

More significant changes have occurred in Form 2. For more details, see.

Balance Sheet Structure

The balance sheet (F-1) consists of assets and liabilities, including sections, in each of which there are lines containing data on certain types of property or liabilities.

The asset includes 2 sections:

I. Non-current assets

It contains information about fixed assets, intangible assets, R&D, long-term financial investments, i.e., about property that cannot be sold quickly.

II. Current assets

These are the so-called short-term (easily realizable) assets: inventories, accounts receivable with a maturity of up to 1 year, short-term financial investments, cash.

The passive has 3 sections:

III. Capital and reserves

It reflects information about the organization’s capital (authorized, reserve, additional) and retained earnings (uncovered loss).

IV. long term duties

These are obligations with a maturity of more than 12 months (borrowed, assessed, deferred).

V. Current liabilities

This section provides information on liabilities with a maturity of less than a year, including borrowed funds, accounts payable, estimated and other liabilities.

For more information about some of the nuances that require consideration when filling out individual balance lines, read this material .

Filling out Form 1 of the balance sheet in 2019 (sample)

All balance sheet indicators are given as of one of the dates:

  • reporting date (in mandatory cases, this is December 31 of the reporting year);
  • December 31 of the previous year;
  • December 31 of the year preceding the previous one.

Balance lines are coded. The code is taken from Appendix 4 to Order No. 66n. Taking into account these codes, a sample balance sheet form 1 will look like this:

Explanations

Indicator name

On ____ 20__

I. NON-CURRENT ASSETS

Intangible assets

Research and development results

Intangible search assets

Material prospecting assets

Fixed assets

Profitable investments in material assets

Financial investments

Deferred tax assets

Other noncurrent assets

Total for Section I

II. CURRENT ASSETS

Value added tax on purchased assets

Accounts receivable

Financial investments (excluding cash equivalents)

Cash and cash equivalents

Other current assets

Total for Section II

III. CAPITAL AND RESERVES

Authorized capital (share capital, authorized capital, contributions of partners)

Own shares purchased from shareholders

Revaluation of non-current assets

Additional capital (without revaluation)

Reserve capital

Retained earnings (uncovered loss)

Total for Section III

IV. LONG TERM DUTIES

Borrowed funds

Deferred tax liabilities

Estimated liabilities

Other obligations

Total for Section IV

V. SHORT-TERM LIABILITIES

Borrowed funds

Accounts payable

revenue of the future periods

Estimated liabilities

Other obligations

Total for Section V

For a sample of filling out a full-form balance sheet, created using specific numbers, see the article “Procedure for drawing up a balance sheet (example)” .

Where can I download Form 1 (F-1) of the balance sheet?

You can download Form 1 of the balance sheet on the website of any of the legal reference systems. There are also examples and examples of filling out this document.

Templates for all forms of financial statements are also available on the website of the Federal Tax Service of the Russian Federation in the “Tax and Accounting Reports” section.

In addition, the balance sheet form (officially existing in 2 versions) can be found on our website, in the material “Enterprise Balance Sheet Form (download)”.

Results

The balance sheet is drawn up on a specific form approved for this purpose by the Ministry of Finance of Russia, and in compliance with certain rules for entering information into it. As of June 1, 2019, the balance sheet form has a new edition. Forms and examples of filling out the balance can be found on the Federal Tax Service website and on our website.

The main form of financial statements (Form 1) is the Balance Sheet of the enterprise (form according to OKUD 0710001), approved by Order of the Ministry of Finance of the Russian Federation dated July 2, 2010 N 66n “On the forms of financial statements of organizations.” Let's look at the concept of a balance sheet, its structure and principle of construction, as well as the procedure for filling it out using an example.

Balance sheet concept

The balance sheet (French balance - scales) of an enterprise is a summary statement of the value of the property and liabilities of the enterprise presented in tabular form.

Based on the balance sheet data of an enterprise, it is possible to determine the financial condition of the enterprise and the obligations assumed by the enterprise.

The balance sheet of an enterprise is often analyzed by banks to assess the creditworthiness of the borrower (enterprise). The balance sheet is presented to the tax service and shareholders as financial statements for the past year of operation of the enterprise.

Construction principles

The structure of the enterprise’s balance sheet is a two-sided table for a certain date - at the end of the quarter or at the end of the year:

  • left side - Asset, which reflects economic assets by composition and placement;
  • the right side is the Passive, which reflects funds by source of education and intended purpose.

An important condition of the Balance is that the Asset must always be equal to the Liability. Since Liabilities represent the Capital and Liabilities of an enterprise, this equality can be presented as follows:

Assets = Capital + Liabilities

The Asset and Liability items of the Balance Sheet, based on economic homogeneity, are summarized in certain sections of the report.

The asset of the Balance Sheet reflects the property of the enterprise and consists of two sections:

  • Non-current assets: fixed assets; Construction in progress; intangible assets; profitable investments; long-term financial investments and so on;
  • Current assets: inventories and costs; cash; accounts receivable; short-term financial investments and so on.

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The liability side of the Balance Sheet is the source of formation of the enterprise’s property and consists of two sections:

  • Capital and reserves – equity capital: authorized, additional and reserve capital of the company; savings and social funds; targeted funding and revenues; retained earnings;
  • Borrowed capital – external liability: long-term loans; short-term loans and borrowings; accounts payable.

Each separate type of property or source of funds is called a “balance sheet item.”

Filling example

Let's look at an example of how to fill out the Balance Sheet form of an enterprise (OKUD 0710001) according to the general taxation system.

Let’s say that the enterprise Vesna LLC for the production of soft drinks, registered in 2016, keeps accounting records in full.

Balance as of December 31, 2016 Amount in rub.
Dt 01 850 000
Kt 02 30 000
Dt 04 130 000
Kt 05 5 000
Dt 10 47 000
Dt 19 8 400
Dt 43 78 500
Dt 50 24 000
Dt 51 356 100
Dt 58 (long-term investments) 100 000
Kt 60 180 000
Kt 62.02 505 000
Kt 69 94 000
Kt 70 230 000
Kt 80 150 000
Kt 82 50 000
Kt 84 (profit) 350 000

Let's fill out the balance sheet (form 1) according to the general taxation system:

  1. Let's cross out the lines of column 1, since the company does not draw up explanations for the financial statements for previous years;
  2. Let's fill out column 4, in which we will display the data as of December 31 of the reporting year 2016.
  • line indicator 1110 is equal to Dt 04 – Kt 05 = 125000 (130,000 – 5,000);
  • line indicator 1150 is equal to Dt 01 – Kt 02 = 820,000 (850,000 – 30,000);
  • line indicator 1170 is equal to Dt 58 = 100,000;
  • the total of line 1100 is 1,045,000 (125,000 + 820,000 + 100,000)
  • line indicator 1210 is equal to Dt 10 + Dt 43 = 125,500 (47,000 + 78,500)
  • line indicator 1220 is equal to Dt 19 = 8,400
  • line indicator 1250 is equal to Dt 50 + Dt 51 = 24,000 + 356,100 = 380,100;
  • the total of line 1200 is 514,000 (125,500 + 8,400 + 380,100);
  • line 1600 = 1,559,000 (1,045,000 + 514,000).
  • the indicator of line 1310 is equal to Kt 80 = 150,000;
  • the indicator of line 1360 is equal to Kt 82 = 50,000;
  • the indicator of line 1370 is equal to Kt 84 = 350,000;
  • the total of line 1300 is 550,000 (150,000 + 50,000 + 350,000);
  • line indicator 1520 is equal to Kt 60 + Kt 62 + Kt 69 + Kt 70 = 1,009,000 (180,000 + 505,000 + 94,000 + 230,000);
  • the total of line 1500 is 1,009,000 (since the lines of section V were not filled in);
  • line 1700 is equal to 1,559,000 (550,000 + 1,009,000)

Now we compare the indicators of line 1600 and line 1700. We see that the indicators of the lines are the same - 1,559,000. Therefore, the balance has converged and Form 1 can be considered completed.

All organizations periodically prepare information about their financial position as of the reporting date, financial results of operations and cash flows for the reporting period in accordance with the requirements of Federal Law dated December 6, 2011 No. 402-FZ. We are talking about accounting (financial) reporting. About the balance sheet and its form in 2018-2019. We'll tell you in our material.

Why do you need a balance sheet?

As part of the financial statements, the balance sheet form is the most important form to fill out. It characterizes the financial position of the organization as of the reporting date (clause 18 of PBU 4/99).

In the balance sheet, assets and liabilities are divided depending on their maturity (maturity) into short-term and long-term. Assets and liabilities are considered short-term if their circulation (repayment) period is no more than 12 months after the reporting date or the duration of the operating cycle, if it exceeds 12 months. All other assets and liabilities are shown on the balance sheet as non-current.

What form is the balance presented in?

The form of the balance sheet was approved by Order of the Ministry of Finance of Russia dated July 2, 2010 No. 66n. This Order has been in effect since the annual financial statements for 2011 and has not changed significantly over the past years.

When drawing up a balance sheet, the organization independently determines the detail of indicators by item, taking into account the level of materiality.

Form 1 “Balance Sheet”:

In Excel format, balance sheet 2018-2019 form:

At the same time, in the accounting reports submitted to the tax and statistical authorities, after the column “Name of the indicator”, the column “Code” is given, in which the codes of the indicators are indicated according to

New form "Balance sheet" officially approved by document Appendix No. 1 to Order of the Ministry of Finance of the Russian Federation dated July 2, 2010 No. 66n (as amended by Orders of the Ministry of Finance of Russia dated October 5, 2011 No. 124n, dated April 6, 2015 No. 57n).

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