Open AccessPECULIARITIES OF THE ORGANIZATION OF ACCOUNTING IN SMALL ENTERP RISES
Author(s) -
Olga Marcus,
Maryana Sakharuk
Publication year - 2020
Publication title -
molodij včenij
Language(s) - English
Resource type - Journals
eISSN - 2313-2167
pISSN - 2304-5809
DOI - 10.32839/2304-5809/2020-10-86-47
Subject(s) - accounting information system , accounting , business , small business , order (exchange) , management accounting , accounting standard , financial accounting , marketing , finance
The article is devoted to the study of the organization of accounting in small businesses. In the course of the research the requirements for the organization and accounting of small businesses were systematized. It is concluded that the peculiarities of the organization of accounting for small businesses include the following: the choice of one of two taxation systems (general or simplified); approval of the chosen form of accounting (journal, simple or simplified) in the Order on accounting policy; use of primary documents to confirm business transactions; display of information in the relevant accounting registers; choice of chart of accounts for accounting (full or abbreviated); generalization of information in financial (annual) reporting. The main factors influencing the organization of small business accounting are substantiated and disclosed (availability of employees, number of employees, selected taxation system, registration of a small business entity as a value added tax payer). The opinion is expressed that the chosen system of taxation is an important factor influencing the construction of accounting for small businesses. It is shown that small entrepreneurs, choosing a simplified system, register as single tax payers and choose which of the four groups to be. The advantages and disadvantages of general and simplified systems of taxation of small enterprises are presented. Forms of accounting by small businesses are described. Also, the article mentions the financial statements kept by small businesses, depending on the chosen system of taxation. Also the basic directions of the organization of accounting of subjects of small business are formed. The directions of improvement of the organization of accounting of subjects of small business are allocated. The directions of improvement of the organization of accounting of subjects of small business are allocated, on an example of PE "Kurtushka", namely: development of the working plan of accounts, considering a kind of activity of the enterprise; selected accounting registers that are necessary in accordance with the accounting of assets and liabilities of the entity.