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    Accounting for legal entities (Inc./GmbH with clients/suppliers)

    Switzerland
    Double-Entry Accounting with vat/sales tax
    Business

    This template is suitable for managing the accounting of a legal entity with VAT liability. The chart of accounts is a Swiss SME chart of accounts. Contains customer/supplier and cost centers.

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    Company XXX

    Accounting 2020

    Basic Currency: CHF

    Double-entry with VAT/Sales tax

    Table: Accounts
    Group Description Gr Gr1
        BALANCE SHEET    
             
        ASSETS    
             
      1000 Cash on hand 100  
      1020 Bank account 100  
    100   Cash and cash equivalents 10 1
             
      1060 Bonds and stocks 106  
    106   Short-term Assets listed in Stock Exchange 10  
             
      1090 Internal transfers 109  
      1091 Transfer account for salaries 109  
      1099 Amounts to be clarified 109  
    109   Transfer accounts 10  
             
      1100 Due from Clients or Debitors 110  
      1109 Provision for Doubtful Debts 110  
    110A   Clients or Debtors 110  
    110   Accounts receivable 10  
             
      1140 Advances and loans 114  
      1176 Withholding tax 114  
      1180 Receivables from social insurances and social security institutions 114  
      1188 Source tax 114  
      1190 Various short-term receivables 114  
      1199 Securities 114  
    114   Other short-term receivables 10  
             
      1200 Goods for resale 120  
      1210 Raw materials 120  
      1220 Auxiliary material 120  
      1230 Consumables 120  
      1260 Finished products 120  
      1270 In-process products 120  
      1280 Non-invoiced services 120  
    120   Inventories 10 1
             
      1300 Prepaid expenses 130  
      1301 Accrued income 130  
    130   Prepaid Expenses 10 1
             
    10   Current assets 1 1
             
      1400 Bonds and stocks 140  
      1440 Loans 140  
      1460 Loan to share-holder 140  
    140   Financial assets 14  
             
      1480 Investments 148  
    148   Investments 14  
             
      1500 Machinery 150  
      1510 Office furniture and equipment 150  
      1520 Office machinery, information and communication technology 150  
      1530 Motor vehicles 150  
      1540 Tools and equipment 150  
    150   Tangible assets 14  
             
      1600 Commercial buildings 160  
    160   Tangible fixed asset management 14  
             
      1700 Patents, know-how, licences, rights and development 170  
      1710 Brands 170  
      1712 Models 170  
      1770 Goodwill 170  
    170   Intangible fixed assets 14  
             
      1850 Share capital, rights not paid or non-paid Foundation capital 180  
    180   Capital or non-paid Foundation capital 14  
             
    14   Fixed Assets 1  
             
    1   Total Assets 00  
             
             
        LIABILITIES    
             
      2000 Suppliers or creditors 200  
      2030 Deposits received 200  
    200A   Suppliers or creditors 200  
    200   Suppliers or creditors 20 1
             
      2100 Due to banks short/term 210  
      2120 Financial leasing commitments 210  
      2140 Other onerous debts 210  
    210   Short-term onorous debts 20  
             
      2200 VAT Due 220  
      2201 VAT according to VAT report 220  
      2206 Withholding tax 220  
      2208 Direct taxes 220  
      2210 Other short-term debts 220  
      2260 Due to share-holder 220  
      2261 Dividends 220  
      2270 Social insurances and social security institutions 220  
      2279 Source tax 220  
    220   Other short-term debts 20  
             
      2300 Accrued expenses 230  
      2301 Next year's revenues collected 230  
      2330 Short-term provisions 230  
    230   Accruals and deferred income 20  
             
    20   Short-term third party capital 2A  
             
      2400 Due to banks 240  
      2420 Financial leasing commitments 240  
      2430 Debenture loans 240  
      2450 Loans 240  
      2451 Mortgage 240  
    240   Long-term onorous debts 24  
             
      2500 Other long-term debts (non-onorous) 250  
    250   Other long-term debts 24  
             
      2600 Provisions 260  
    260   Provisions and similar statutory posts 24  
             
    24   Long-term third party capital 2A  
             
    2A   Third party capital 2  
             
      2800 Share capital, rights, foundation capital 280  
    280   Capital or capital of the foundation 28  
      2900 Legal reserves 290  
      2940 Revaluation reserves 290  
    290   Legal reserves 28  
      2950 Legal reserve from profit 295  
    295   Legal reserve from profit 28  
      2960 Optional reserves from profit 296  
    296   Optional reserves from profit 28  
      2970 Profit / Loss carried forward 297  
    29A   Profit / Loss for the year 297  
    297   Profit / Loss from Balance Sheet 28  
      2980 Treasury stock, shares, rights of investment (negative) 298  
    298   Treasury stock, shares, rights of investment (negative) 28  
             
    28   Equity 2  
             
    2   Total liabilities 00 1
             
             
        PROFIT & LOSS STATEMENT    
             
      3000 Earnings from own products 30  
      3200 Earnings from resale 30  
      3400 Earnings from services rendered 30  
      3600 Other revenues and services 30  
      3710 Own consumption 30  
      3800 Decrease in revenues 30  
      3805 Losses on accounts receivable, credit variation 30  
      3809 VAT flat tax rate 30  
    30   Net revenues from supplies and services 3  
      3900 Change in inventories of in-process products 39  
      3901 Change in inventories of finished products 39  
      3940 Non-invoiced services variations 39  
    39   Change in inventories and Non-invoiced services 3  
    3   Revenues from supplies and services E1  
             
      4000 Raw materials 4  
      4200 Expenses for goods for resale 4  
      4400 Third party expenses 4  
      4500 Energy consumption for production 4  
      4900 Reduction of costs 4  
    4   Costs for material, goods, services and energy E1  
             
    E1   Gross operating result after deducting costs for materials and goods E2  
             
      5000 Salaries 5  
      5700 Contribution to old age insurance and unemployment 5  
      5710 Family equalization fund 5  
      5720 Contribution to pension funds 5  
      5730 Contribution to accident insurance 5  
      5740 Contribution to voluntary daily benefits insurance 5  
      5790 Source tax 5  
      5800 Other personnel expenses 5  
      5810 Training of personnel 5  
      5820 Travel and entertainment expenses effective 5  
      5830 Travel and entertainment expense allowance 5  
      5900 Temporary staff 5  
    5   Personnel expenses E2  
             
    E2   Gross operating result after deducting personnel expenses E3  
             
      6000 Rental 60  
      6040 Cleaning of facilities 60  
    60   Rental 6  
      6100 Maintenance, repairs and replacement of tangible assets 61  
      6105 Leasing costs tangible assets 61  
    61   Maintenance, repairs and replacement of tangible assets 6  
      6200 Repairs 62  
      6210 Fuel 62  
      6220 Car insurance 62  
      6260 Car leasing and rental 62  
      6270 Car costs - private part 62  
      6282 Transportation expenses 62  
    62   Vehicle and transportation expenses 6  
      6300 Insurance for damage of items 63  
    63   Insurance for damage of items 6  
      6402 Electricity 64  
      6410 Heating expenses 64  
      6430 Water 64  
      6460 Garbage 64  
    64   Energy and disposal costs 6  
      6500 Office supplies 65  
      6503 Technical magazines, newspapers, periodicals 65  
      6510 Telephone / internet 65  
      6511 Hosting at third-party 65  
      6513 Postal charges 65  
      6570 IT charges including leasing 65  
      6580 Licenses and updates 65  
      6583 Consumables 65  
    65   Administrative and IT costs 6  
      6600 Advertising 66  
      6642 Gifts to customers 66  
    66   Advertising 6  
      6700 Various costs for the financial year 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 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 69  
      6940 Bank costs 69  
      6950 Financial revenue 69  
    69   Financial costs and revenue E5  
             
    E5   Operating result before taxes (EBT) E6  
             
      7000 Non-operating revenue 7  
      7010 Non-operating costs 7  
      7500 Corporate real estate revenues 7  
      7510 Corporate real estate costs 7  
    7   Non-operating items E6  
             
      8000 Extraneous costs 8  
      8100 Extraneous revenue 8  
      8500 Extraordinary, unique costs or costs relating to other accounting periods 8  
      8510 Extraordinary, unique revenue or revenue relating to other accounting periods 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 89  
    89   Direct taxes E7  
             
    E7   Annual profit or loss 29A  
             
    00   Difference should be = 0 (blank cell)    
             
             
        CLIENTS/DEBTORS    
      110001 Company 1 DEB1  
      110002 Company 2 DEB1  
      110003 Company 3 DEB1  
    DEB1   Total Clients/Debtors 110A  
             
             
        SUPPLIERS/CREDITORS    
      200001 Company 1 CRE1  
      200002 Company 2 CRE1  
      200003 Company 3 CRE1  
    CRE1   Total suppliers/Creditors 200A  
             
             
        COST CENTERS    
             
      .PAC Packaging A INV  
      .RM Raw materials A INV  
      .AM Auxiliairy materials A INV  
    INV   Total inventories    
             
      ,MAN1 Maintenance 1 MAN  
      ,MAN2 Maintenance 2 MAN  
      ,MAN3 Maintenance 3 MAN  
    MAN   Total maintenance    
             
      ;PB1 Publicity 1 PU  
      ;PB2 Publicity 2 PU  
    PU   Total publicity    
             
    Table: 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  

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