Neste artigo

    Double entry accounting for Saudi Arabia (With VAT)

    Other countries
    Double-Entry Accounting with vat/sales tax
    Business

    Double entry accounting for keeping track of the VAT transactions and printing a VAT Report for Saudi Arabia.

    Abrir na Banana WebApp

    Abra a Banana Accounting Plus no seu navegador sem qualquer instalação. Personalize o modelo, introduza as transacções e guarde o ficheiro no seu computador.

    Open template in WebApp

    Template preview

    Saudi Arabia Company Ltd

    Basic Currency: SAR

    Double-entry with VAT/Sales tax

    Table: Accounts
    Group Description Sum In Gr1
             
        BALANCE SHEET    
             
        ASSETS    
      1000 Cash on hand 1  
      1010 Post office current account 1  
      1020 Bank account 1  
      1090 Internal transfers 1  
             
    110   Total Clients CHF 1 1
      1170 Recoverable VAT 1  
             
      1200 Goods for resale 1  
             
      1300 Prepaid expenses 1  
      1301 Accrued income 1  
             
      1500 Machinery 1  
      1510 Office equipment 1  
      1512 Store fixture 1  
      1520 Office machinery 1  
      1521 IT Hardware 1  
      1526 Software 1  
      1530 Motor vehicles 1  
      1600 Commercial buildings 1  
      1610 Industrial buildings 1  
    1   TOTAL ASSETS 00 1
             
             
        LIABILITIES    
    200   Suppliers or Creditors 2 1
      2100 Total Suppliers CHF 2  
      2170 Due to banks short-term 2  
      2200A Automatic VAT 2  
      2200 VAT payable 2  
      2201 Automatic VAT Account 2  
      2202 VAT temporary reverse charge 2  
      2300 Accrued expenses 2  
      2400 Due to banks long-term 2  
      2800 Share capital 2  
      2850 Private account 2  
      2900 Legal reserves 2  
      2990 Profit (Loss) carried forward 2  
    2991   Profit/Loss for the period 2 1
    2   TOTAL LIABILITIES 00 1
             
             
        PROFIT & LOSS STATEMENT    
             
        REVENUE    
      3000 Earnings from own products 3  
      3090 Discounts on production 3  
      3200 Earnings from resale 3  
      3290 Discounts on resale 3  
      3400 Earnings from services rendered 3  
      6850 Earned interests 3  
      6892 Exchange rate profit 3  
      7000 Earnings from accessory activity 3  
    3   TOTAL REVENUE 02 1
             
        EXPENSES    
        Material, goods and third-party services    
      4000 Raw materials 4  
      4090 Discounts 4  
      4200 Expenses for goods for resale 4  
      4400 Third party expenses 4  
    4   Total Material, goods and third-party services 4-5-6  
            1
        Expenses for personnel    
      5000 Salaries production 5  
      5700 Contribution to old age insurance and unemployment 5  
      5720 Contribution to pension funds 5  
      5730 Contribution to accident insurance 5  
      5740 Contribution to voluntary daily benefits insurance 5  
      5790 Imposta alla fonte 5  
      5820 Travel and entertainment expenses effective 5  
      5830 Travel and entertainment expense allowance 5  
      5880 Other personal expenses 5  
      5900 Temporary staff 5  
    5   Total expenses for personnel 4-5-6 1
             
        General expenses    
      6000 Rental 6  
      6200 Repairs expenses 6  
      6300 Insurance 6  
      6400 Gas, water, electricity 6  
      6500 Office supplies 6  
      6600 Advertising 6  
      6700 Other expenses 6  
      6800 Interest expense bank overdrafts 6  
      6842 Exchange rate loss 6  
      6900 Amortization 6  
      8900 Taxes 6  
    6   Total General expenses 4-5-6 1
             
    4-5-6   TOTAL EXPENSES 02 1
             
    02   Profit(-)/Loss(+) for Profit & Loss Statement 2991 1
             
    00   Difference should be = 0 (blank cell)    
             
             
        Customers/Debtors    
      11.001 Customer A 110A  
      11.002 Customer B 110A  
      11.003 Customer C 110A  
      11.004 Customer D 110A  
      11.005 Customer E 110A  
    110A   Total Customers 110 1
             
             
        Suppliers/Creditors    
      20.001 Supplier A 200A  
      20.002 Supplier B 200A  
      20.003 Supplier C 200A  
      20.004 Supplier D 200A  
      20.005 Supplier E 200A  
    200A   Total Suppliers 200 1
             
             
    Table: VAT codes
    VAT Code Description %VAT
      Explanations VAT Codes  
      Initial Char  
      1= Output VAT (Sales)  
      5= Input VAT (Purchases)  
      9=Correction VAT Previous Period  
      Second part  
      5 = 5% rate  
      0 = 0% rate  
         
      VAT codes information (do not modify)  
      id=vatcodes-sa-2019.0  
      Last update: 2019-01-07  
         
      VAT Due  
    15 Standard rated sales 5.00
    15-1 Reverse charge on Purchase 5.00
    10-2 Private Healthcare/ Private Education sales to citizens  
    10-3 Zero rated domestic sales  
    10-4 Exports  
    10-5 Exempt sales  
      Total VAT Due  
         
      Recoverable VAT  
    55 Standard rated domestic purchases 5.00
    55-8 Imports subject to VAT paid at customs 5.00
    55-9 Imports subject to VAT accounted for reverse charge mechanism 5.00
    50-10 Zero rated purchases  
    50-11 Exempt purchases  
      Total Recoverable VAT  
         
    95 Corrections last period 5.00
      Corrections previous period  
      Total VAT payable or VAT credit  
         
         
    :ADJ Adjustements are registered with the same VAT code used for the transactions that needs an adjustment  

    Help us improve the documentation

    We welcome feedback on how to improve this page.

    Tell us what theme needs a better explanation or how to clarify a topic.

    Share this article: Twitter | Facebook | LinkedIn | Email