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Accounting for general partnerships

This template is suitable for managing the accounting of general partnerships with VAT liability and foreign currencies. The chart of accounts is a Swiss SME chart of accounts. Contains cost centers and examples of transactions.

Country: Switzerland  | Accounting type: Double-Entry Accounting with vat/sales tax and foreign currencies  |  Category: Business

Company XXX

Accounting 2018

Basic Currency: CHF

Double-entry with foreign currencies and VAT/Sales tax

Accounts
Group Account Description Currency Gr
    BALANCE SHEET    
         
    ASSETS    
         
  1000 Cash on hand CHF 100
  1020 Bank account CHF 100
  1024 Bank account Euro EUR 100
  1025 Bank account USD USD 100
100   Cash and cash equivalents   10
         
  1060 Bonds and stocks CHF 106
106   Short-term Assets listed in Stock Exchange   10
         
  1090 Internal transfers CHF 109
  1091 Transfer account for salaries CHF 109
  1099 Amounts to be clarified CHF 109
109   Transfer accounts   10
         
  1100 Due from Clients or Debtors CHF 110
  1109 Provision for Doubtful Debts CHF 110
110   Accounts receivable   10
         
  1140 Advances and loans CHF 114
  1176 Withholding tax CHF 114
  1180 Receivables from social insurances and social security institutions CHF 114
  1188 Source tax CHF 114
  1190 Various short-term receivables CHF 114
  1191 Securities CHF 114
114   Other short-term receivables   10
         
  1200 Goods for resale CHF 120
  1210 Raw materials CHF 120
  1220 Auxiliary material CHF 120
  1230 Consumables CHF 120
  1260 Finished products CHF 120
  1270 In-process products CHF 120
  1280 Non-invoiced services CHF 120
120   Inventories   10
         
  1300 Prepaid expenses CHF 130
  1301 Accrued income CHF 130
130   Prepaid Expenses   10
         
10   Current assets   1
         
  1400 Bonds and stocks CHF 140
  1440 Loans CHF 140
  1460 Loan to partner CHF 140
140   Financial assets   14
         
  1480 Investments CHF 148
148   Investments   14
         
  1500 Machinery CHF 150
  1510 Office furniture and equipment CHF 150
  1520 Office machinery, information and communication technology CHF 150
  1530 Motor vehicles CHF 150
  1540 Tools and equipment CHF 150
150   Tangible assets   14
         
  1600 Commercial buildings CHF 160
160   Tangible fixed asset management   14
         
  1700 Patents, know-how, licences, rights and development CHF 170
  1710 Brands CHF 170
  1712 Models CHF 170
  1770 Goodwill CHF 170
170   Intangible fixed assets   14
         
  1850 Share capital, rights not paid or non-paid Foundation capital CHF 180
180   Capital or non-paid Foundation capital   14
         
14   Fixed Assets   1
         
1   Total Assets   00
         
         
    LIABILITIES    
         
  2000 Suppliers or creditors CHF 200
  2030 Deposits received CHF 200
200   Suppliers or creditors   20
         
  2100 Due to banks short/term CHF 210
  2120 Financial leasing commitments CHF 210
  2140 Other onerous debts CHF 210
210   Short-term onorous debts   20
         
  2200 VAT Due CHF 220
  2201 VAT according to VAT report CHF 220
  2206 Withholding tax CHF 220
  2208 Direct taxes CHF 220
  2210 Other short-term debts CHF 220
  2260 Due to partner CHF 220
  2270 Social insurances and social security institutions CHF 220
  2279 Source tax CHF 220
220   Other short-term debts   20
         
  2300 Accrued expenses CHF 230
  2301 Next year's revenues collected CHF 230
  2330 Short-term provisions CHF 230
230   Accruals and deferred income   20
         
20   Short-term third party capital   2A
         
  2400 Due to banks CHF 240
  2420 Financial leasing commitments CHF 240
  2430 Debenture loans CHF 240
  2450 Loans CHF 240
  2451 Mortgage CHF 240
240   Long-term onorous debts   24
         
  2500 Other long-term debts (non-onorous) CHF 250
250   Other long-term debts   24
         
  2600 Provisions CHF 260
260   Provisions and similar statutory posts   24
         
24   Long-term third party capital   2A
         
2A   Third party capital   2
         
  2800 Equity partner A at the beginning of the year CHF 28
  2810 Contributions to equity/equity withdrawals partner A CHF 28
  2820 Private account partner A CHF 28
  2831 Profit / Loss for the year partner A CHF 28
  2850 Equity sponsor A at the beginning of the year CHF 28
  2860 Contributions to equity/equity withdrawals sponsor A CHF 28
  2870 Private account sponsor A CHF 28
  2881 Profit / Loss for the year sponsor A CHF 28
297   Profit/loss for the period   28
         
28   Equity   2
         
2   Total liabilities   00
         
         
    PROFIT & LOSS STATEMENT    
         
  3000 Earnings from own products CHF 30
  3200 Earnings from resale CHF 30
  3400 Earnings from services rendered CHF 30
  3600 Other revenues and services CHF 30
  3710 Own consumption CHF 30
  3800 Decrease in revenues CHF 30
  3805 Losses on accounts receivable, credit variation CHF 30
  3809 VAT flat tax rate CHF 30
30   Net revenues from supplies and services   3
  3900 Change in inventories of in-process products CHF 39
  3901 Change in inventories of finished products CHF 39
  3940 Non-invoiced services variations CHF 39
39   Change in inventories and Non-invoiced services   3
3   Revenues from supplies and services   E1
         
  4000 Raw materials CHF 4
  4200 Expenses for goods for resale CHF 4
  4400 Third party expenses CHF 4
  4500 Energy consumption for production CHF 4
  4900 Reduction of costs CHF 4
4   Costs for material, goods, services and energy   E1
         
E1   Gross operating result after deducting costs for materials and goods   E2
         
  5000 Salaries CHF 5
  5700 Contribution to old age insurance and unemployment CHF 5
  5710 Family equalization fund CHF 5
  5720 Contribution to pension funds CHF 5
  5730 Contribution to accident insurance CHF 5
  5740 Contribution to voluntary daily benefits insurance CHF 5
  5790 Source tax CHF 5
  5800 Other personnel expenses CHF 5
  5810 Training of personnel CHF 5
  5820 Travel and entertainment expenses effective CHF 5
  5830 Travel and entertainment expense allowance CHF 5
  5900 Temporary staff CHF 5
5   Personnel expenses   E2
         
E2   Gross operating result after deducting personnel expenses   E3
         
  6000 Rental CHF 60
  6040 Cleaning of facilities CHF 60
60   Rental   6
  6100 Maintenance, repairs and replacement of tangible assets CHF 61
  6105 Leasing costs tangible assets CHF 61
61   Maintenance, repairs and replacement of tangible assets   6
  6200 Repairs CHF 62
  6210 Fuel CHF 62
  6220 Car insurance CHF 62
  6260 Car leasing and rental CHF 62
  6270 Car costs - private part CHF 62
  6282 Transportation expenses CHF 62
62   Vehicle and transportation expenses   6
  6300 Insurance for damage of items CHF 63
63   Insurance for damage of items   6
  6402 Electricity CHF 64
  6410 Heating expenses CHF 64
  6430 Water CHF 64
  6460 Garbage CHF 64
64   Energy and disposal costs   6
  6500 Office supplies CHF 65
  6503 Technical magazines, newspapers, periodicals CHF 65
  6510 Telephone / internet CHF 65
  6511 Hosting at third-party CHF 65
  6513 Postal charges CHF 65
  6570 IT charges including leasing CHF 65
  6580 Licenses and updates CHF 65
  6583 Consumables CHF 65
65   Administrative and IT costs   6
  6600 Advertising CHF 66
  6642 Gifts to customers CHF 66
66   Advertising   6
  6700 Various costs for the financial year CHF 67
67   Various costs for the financial year   6
6   Other operating expenses, depreciation, value adjustments and financial results   E3
         
E3   Operating result before depreciation and value adjustments, financial results and taxes (EBITDA)   E4
         
  6800 Depreciation and value adjustments of fixed assets CHF 68
68   Depreciation and value adjustments of fixed assets   E4
         
E4   Operating result before financial results and taxes (EBIT)   E5
         
  6900 Costs for bank interest CHF 69
  6940 Bank costs CHF 69
  6949 Exchange rate loss CHF 69
  6950 Financial revenue CHF 69
  6999 Exchange rate profit CHF 69
69   Financial costs and revenue   E5
         
E5   Operating result before taxes (EBT)   E6
         
  7000 Non-operating revenue CHF 7
  7010 Non-operating costs CHF 7
  7500 Corporate real estate revenues CHF 7
  7510 Corporate real estate costs CHF 7
7   Non-operating items   E6
         
  8000 Extraneous costs CHF 8
  8100 Extraneous revenue CHF 8
  8500 Extraordinary, unique costs or costs relating to other accounting periods CHF 8
  8510 Extraordinary, unique revenue or revenue relating to other accounting periods CHF 8
8   Results of extraneous, extraordinary or unique character, or for other accounting periods   E6
         
E6   Profit or loss before taxes   E7
         
  8900 Direct taxes CHF 89
89   Direct taxes   E7
         
E7   Annual profit or loss   297
         
00   Difference should be = 0 (blank cell)    
         
         
    COST CENTERS    
         
  .PAC Packaging A CHF INV
  .RM Raw materials A CHF INV
  .AM Auxiliairy materials A CHF INV
INV   Total inventories    
         
  ,MAN1 Maintenance 1 CHF MAN
  ,MAN2 Maintenance 2 CHF MAN
  ,MAN3 Maintenance 3 CHF MAN
MAN   Total maintenance    
         
  ;PB1 Publicity 1 CHF PU
  ;PB2 Publicity 2 CHF PU
PU   Total publicity    
         
         
         
VAT codes
VAT Code Description %VAT
  Explanations  
  V = Sales (200)  
  VS = Discount sales and services (235)  
  B = Acquisition tax (380)  
  M = Expenses for material and services (400)  
  I = Investments and other operating expenses (405)  
  K = Corrections (410, 415, 420)  
  Z = Not considered (910)  
     
  VAT codes information (do not modify)  
  id=vatcodes-che-2018.20171129  
  Last update: 29.11.2017  
     
  VAT Due  
V0 Exempt services (220)  
V0-E Export services abroad (221)  
V0-T Transfers in the reporting procedure (225)  
V0-N Non-taxable services (230)  
  Decrease of income from services, see discounts  
V0-D Various (280)  
V77 Sales and services 7.7% 7.70
V80 Sales and services 8.0% 8.00
V77-B Sales and services 7.7% (chosen) 7.70
V80-B Sales and services 8.0% (chosen) 8.00
V25-N Sales and services 2.5% 2018 2.50
V25 Sales and services 2.5% 2017 2.50
V37 Sales and services 3.7% 3.70
V38 Sales and services 3.8% 3.80
VS77 Discount Sales and services 7.7% 7.70
VS80 Discount Sales and services 8.0% 8.00
VS25-N Discount Sales and services 2.5% 2018 2.50
VS25 Discount Sales and services 2.5% 2017 2.50
VS37 Discount Sales and services 3.7% 3.70
VS38 Discount Sales and services 3.8% 3.80
  Taxable turnover (299)  
F1 1. Flat tax rate 2017  
F2 2. Flat tax rate 2017  
FS1 Discount Sales and services 1. Flat tax rate 2017  
FS2 Discount Sales and services 2. Flat tax rate 2017  
F3 1. Flat tax rate 2018  
F4 2. Flat tax rate 2018  
FS3 Discount Sales and services 1. Flat tax rate 2018  
FS4 Discount Sales and services 2. Flat tax rate 2018  
  Total Flat tax rate (321-331)  
B77 Acquisition tax 7.7% (With VAT/Sales tax) 7.70
B80 Acquisition tax 8% (With VAT/Sales tax) 8.00
B77-1 Acquisition tax 7.7% (Without VAT/Sales tax) 7.70
B80-1 Acquisition tax 8% (Without VAT/Sales tax) 8.00
B77-2 Acquisition tax 7.7% (VAT/Sales tax amount) 7.70
B80-2 Acquisition tax 8% (VAT/Sales tax amount) 8.00
  Total Tax on purchases (380-381)  
  Total VAT Due (399)  
     
  Recoverable VAT  
M0 Exempt material- and service expenses  
I0 Exempt investment and operating expenses  
M77 Purchase of material and services 7.7% (With VAT/Sales tax) 7.70
M80 Purchase of material and services 8.0% (With VAT/Sales tax) 8.00
M77-1 Purchase of material and services 7.7% (Without VAT/Sales tax) 7.70
M80-1 Purchase of material and services 8.0% (Without VAT/Sales tax) 8.00
M77-2 Purchase of material and services 7.7% (VAT/Sales tax amount) 7.70
M80-2 Purchase of material and services 8.0% (VAT/Sales tax amount) 8.00
M25 Purchase of material and services 2.5% 2.50
M37 Purchase of material and services 3.7% 3.70
M38 Purchase of material and services 3.8% 3.80
  Investment and operating expenses  
I77 Investment and operating expenses 7.7% 7.70
I77-2 Investment and operating expenses 7.7% (VAT/Sales tax amount) 7.70
I80 Investment and operating expenses 8.0% 8.00
I25 Investment and operating expenses 2.5% 2.50
I37 Investment and operating expenses 3.7% 3.70
I38 Investment and operating expenses 3.8% 3.80
  Corrections and adjustments  
K77-A Subsequent adjustment of prior tax 7.7% (410) 7.70
K80-A Subsequent adjustment of prior tax 8 % (410) 8.00
K77-B Corrections of prior tax 7.7% (415) 7.70
K80-B Corrections of prior tax 8% (415) 8.00
K77-C Reductions of the deduction of prior tax 7.7% (420) 7.70
K80-C Reductions of the deduction of prior tax 8% (420) 8.00
F1050 Tax computation according to form Nr. 1050  
F1055 Tax computation according to form Nr. 1055  
     
  Total Recoverable VAT (479)  
  Total VAT payable (500) or VAT credit (510)  
     
  Other financial flows  
Z0-A Subsidies, tourist taxes collected by the tourism offices, contributions to the institutions responsible for the elimination of waste and for the supply of water (let. a - c)  
Z0 Gifts, dividends, compensation for damages etc.  
  Not considered  
  Final total for control  
Exchange rates
Ref.Currency Currency Text
     
CHF EUR Euro
CHF USD US Dollar

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