When the goods are received by the agent, an off-balance entry appears: Dt 004.
The shipment of goods by the agent is carried out at full sales price with the corresponding correspondence of the account for settlements with the client and the account for settlements with the guarantor: Dt 62 Kt 76.
At the same time, the goods are written off from the off-balance sheet account: Kt 004.
Cash received from the client is accounted for by the agent in the usual manner, including receipts from advances: Dt 51 Kt 62.
The guarantor must be how to use the rcs database for direct marketing responsible for calculating VAT on advances received from the buyer.
Through transactions on account 76, the income of the intermediary and the amount that must be sent to the guarantor are created:
The broker's remuneration is fixed: Dt 76 Kt 90.
VAT is accrued on the received remuneration: Dt 90 Kt 68.
The reimbursable expenses of the intermediary covered by the guarantor are taken into account: Dt 76 Kt 60.
The amount of the debt is sent to the guarantor: Dt 76 Kt 51.
If we are talking about a guarantor, then the postings for the sale and accounting of expenses will be similar to those used for sales on his behalf, with the exception of one important detail: the volume of shipment will correspond to the information from the documents in the name of the buyer by the intermediary. In this case, the posting for payment to the agent will disappear. Instead, additional entries will be indicated for accounting of shipment and payment from the client:
The products are transferred for sale to an intermediary: Dt 45 Kt 41 (43).
Upon sale of transferred goods: Dt 90 Kt 45.
Money received by the guarantor from the intermediary (minus his remuneration and reimbursable expenses): Dt 51 Kt 62.
Accounting for amounts to be received from the buyer, including amounts of remuneration and reimbursement of expenses retained by the intermediary: Dt 76 Kt 62.
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On behalf of the buyer
When an agent acts on behalf of a buyer, he provides a service to find a supplier. The seller draws up documents for the guarantor, and the services of the intermediary are included in the buyer's expenses:
Receipt of products (work, services): Dt 10 (20, 23, 25, 26, 41, 44) Kt 60.
VAT deduction for purchase: Dt 19 Kt 60, Dt 68 Kt 19.
Accounting for agent services and reimbursable expenses in expenses: Dt 10 (15, 20, 23, 25, 26, 41, 44) Kt 76.
Allocation and deduction of VAT from agent services and reimbursable expenses: Dt 19 Kt 76, Dt 68 Kt 19
Settlements with the agent: Dt 76 Kt 51.
For the agent, the entries for reflecting income will be similar to those used when engaging him in sales on behalf of the guarantor.