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    Double entry accounting for Nepal (With VAT)

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

    General template perfect to manage the double-entry accounting of a small business or a small company.

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    Documentation Modèle

    The accounting plan presents the balance sheet accounts in several sub-groups.
    The income statement has two main groups: Costs and Revenues.
    The VAT code table contains sample codes and must be updated with the official codes in use in Nepal.

    If any user would like to collaborate with us by sending us Nepal's VAT codes or subdividing costs and revenues into several subgroups, we will be willing to update and publish new accounting plans.

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    Company XX

    Basic Currency: USD

    Double-entry with VAT/Sales tax

    Table: Accounts
    Group Description Sum In Gr1
             
        BALANCE SHEET    
             
        ASSETS    
             
        Liquid Assets 100  
      1000 Cash 100  
      1002 Cheques received 100  
      1004 Banks 100  
      1006 Cheques given and payments orders (-) 100  
      1008 Other liquid assets 100  
    100   Total Liquid Assets 10  
             
        Marketable Securities    
      1010 Share certificates 105  
      1015 Private sector bonds and notes 105  
      1014 Public sector bonds and notes 105  
      1016 Other marketable securities 105  
      1018 Provisions for decrease in value of marketable securities (-) 105  
    105   Total Marketable Securities 10  
             
        Trade Receivables 110  
      1110 Customers 110  
      1112 Notes receivable 110  
      1114 Rediscounts on notes receivable (-) 110  
      1116 Unearned financial leasing interest income (-) 110  
      1118 Deposits and guarantees given 110  
      1120 Other trade receivables 110  
      1122 Doubtful trade receivables 110  
      1124 Provisions for doubtful trade receivables (-) 110  
    110   Total Trade Receivables 10  
             
        Other Receivables 115  
      1150 Due from subsidiaries 115  
      1152 Due from affiliates 115  
      1154 Due from personnel 115  
      1156 Other trade receivables 115  
      1158 Rediscounts on other notes receivable (-) 115  
      1160 Other doubtful receivables 115  
      1162 Provision for other doubtful receivables 115  
    115   Total Other Receivables 10  
             
        Inventories 120  
      1220 Raw materials and supplies 120  
      1222 Semifiished goods, work-in process 120  
      1224 Finished goods 120  
      1226 Trade goods 120  
      1228 Other inventories 120  
      1280 Provision for decrease in value of inventories (-) 120  
      1282 Advances given for purchase orders 120  
    120   Total Inventories 10  
             
        Deffered Construction and Maintenance Costs 125  
      1250 Deferred construction and maintenance costs 125  
      1252 Deferred construction inflation adjustment account 125  
      1254 Advances given to subcontractors 125  
    125   Total Deffered Construction and Maintenance Costs 10  
             
        Prepaid Expenses and Income Accruals 130  
      1300 Prepaid expenses 130  
      1305 Income accruals 130  
    130   Prepaid Expenses and Income Accruals 10  
             
        Other Current Assets 135  
      1350 Deferred VAT 135  
      1352 Deductible VAT 135  
      1354 Other VAT 135  
      1356 paid taxes and funds. 135  
      1358 Work advances 135  
      1360 Advances to personnel 135  
      1362 Stock count and delivery shortages 135  
      1364 Other current assets 135  
      1366 Provision for other current assets (-) 135  
    135   Total Other Current Assets 10  
             
    10   TOTAL CURRENT ASSETS 1  
             
        LONG-TERM ASSETS    
             
        Trade Receivables 140  
      1400 Customers 140  
      1402 Notes receivable 140  
      1406 Rediscounts on notes receivable (-) 140  
      1408 Unearned financial leasing interest income 140  
      1410 Deposits and guarantees given 140  
      1415 Provisions for doubtful receivables (-) 140  
    140   Total Trade Receivables 15  
             
        Other Receivables 145  
      1450 Due from shareholders 145  
      1452 Due from affiliates 145  
      1454 Due from subsidiaries 145  
      1456 Due from personnel 145  
      1458 Other receivables 145  
      1460 Rediscounts on other notes receivable (-) 145  
      1462 Provision for other doubtful receivables (-) 145  
    145   Total Other Receivables 15  
             
        Financial Fixed Assets 150  
      1500 Long-term securities 150  
      1502 Provision for decrease in value of long-term securities (-) 150  
      1504 Affiliates 150  
      1506 Capital commitments to affiliates. (-) 150  
      1508 Provision for decrease in value of shares of affiliates (-) 150  
      1510 Subsidiaries 150  
      1515 Capital commitments for subsidiaries (-) 150  
      1514 Provision for decrease in value of shares of subsidiaries (-) 150  
      1516 Other financial fixed assets 150  
      1518 Provision for decrease in value of other financial fixed assets (-) 150  
    150   Total Financial Fixed Assets 15  
             
        Tangible Fixed Assets 155  
      1550 Land 155  
      1552 Land improvements 155  
      1554 Buildings 155  
      1556 Plant, machinery and equipment 155  
      1558 Motor vehicles 155  
      1560 Furniture and fixtures 155  
      1562 Other tangible fixed assets 155  
      1564 Accumulated depreciation (-) 155  
      1566 Construction in progress 155  
      1568 Advances given 155  
    155   Total Tangible Fixed Assets 15  
             
        Intangible Fixed Assets 160  
      1600 Rights 160  
      1602 Goodwill 160  
      1604 Establishment and foundation expenses 160  
      1606 Research and development expenses 160  
      1608 Special costs 160  
      1610 Other intangible fixed assets 160  
      1612 Accumulated depreciation (-) 160  
      1614 Advances given 160  
    160   Total Intangible Fixed Assets 15  
             
        Assets Subject to Depletion 165  
      1650 Research Expenses 165  
      1652 Preparation and development expenses 165  
      1654 Other assets subject to depletion 165  
      1656 Accumulated depletion (-) 165  
      1658 Advances given 165  
    165   Total Assets Subject to Depletion 15  
             
        Prepaid Expenses and Income Accruals 170 1
      1700 Prepaid expenses 170  
      1702 Income accruals 170  
    170   Total Prepaid Expenses and Income Accruals 15  
             
        Other Fixed Assets 175  
      1750 VAT deductible in future years 175  
      1752 Other VAT 175  
      1754 Long-term inventories 175  
      1756 Inventories and tangible fixed assets to be sold 175  
      1758 Prepaid taxes and funds 175  
      1760 Other fixed assets 175  
      1762 Provision for decrease in value of inventories 175 1
      1764 Accumulated depreciation 175  
    175   Total Other Fixed Assets 15  
             
    15   TOTAL LONG-TERM ASSETS 1  
             
    1   TOTAL ACTIFS 00  
             
        LIABILITIES    
        I. Short-term Liabilities 200  
      2000 Financial Liabilities 200  
      2002 Bank loans 200  
      2004 Liabilities arising from financial leasing transactions 200  
      2006 Deferred financial leasing borrowing costs (-) 200  
      2008 Current maturities of long-term credits and accrued interest.5. Current maturities of bonds and accrued interest 200  
      2010 Bonds and notes issued 200  
      2015 Other securities issued 200  
      2014 Value difference of securities issued (-) 200  
      2016 Other financial liabilities 200  
    200   Total Short-term Liabilities 20  
             
        Trade Payables 2550  
      25500 Suppliers 2550  
      25502 Notes payable 2550  
      25504 Rediscounts on notes payable (-) 2550  
      25506 Deposits and guarantees received 2550  
      25508 Other trade payables 2550  
    2550   Total Trade Payables 20  
             
        Other Liabilities 2555  
      25550 Due to shareholders 2555  
      25552 Due to affiliates 2555  
      25554 Due to subsidiaries 2555  
      25556 Due to personnel 2555  
      25558 Rediscount on other notes payable (-) 2555  
      22550 Other liabilities 2555  
    2555   Total Other Liabilities 20  
             
        Advances Received    
             
        Progress for Long-term Construction and Repair Projects. 220  
      2200 Progress payments for long-term construction and repair projects 220  
      2202 Long-term inflation adjustment accounts 220  
    220   Total Progress for Long-term Construction and Repair Projects. 20  
             
        Taxes Payable and Other Fiscal Liabilities 225  
      2250 Taxes and funds payable 225  
      2252 Social security withholdings payable 225  
      2254 Overdue, deferred or restructured taxes and other liabilities.4. Other liabilities payable 225  
    225   Total Taxes Payable and Other Fiscal Liabilities 20  
             
        Provisions for Liabilities and Expenses 230 1
      2300 Provision for income taxes and other duties on profit 230  
      2302 Prepaid income taxes and other duties on profit 230  
      2304 Provision for termination indemnities 230  
      2306 Provision for other liabilities and expenses 230  
    230   Total Provisions for Liabilities and Expenses 20  
             
        Deferred Income and Expense Accruals 235  
      2350 Deferred income 235  
      2352 Expense accruals 235  
      2354 Other Short-term Liabilities 235  
      2356 VAT payable 235 1
      2358 Other VAT 235 1
      2360 Head office and branch current accounts 235  
      2362 Stock count and delivery surpluses 235 1
      2364 Other short-term liabilities 235  
    235   Total Deferred Income and Expense Accruals 20  
             
    20   Total Short-term Liabilities 2  
             
        II. Long-term Liabilities    
        Financial Liabilities 240  
      2402 Bank loans 240  
      2404 Leasing payables 240  
      2406 Interest payables of deferred lease costs (-) 240  
      2408 Bonds issued 240  
      2410 Other securities issued 240  
      2412 Value difference of securities issued (-) 240  
      2416 Other financial liabilities 240  
    240   Total Financial Liabilities 25  
             
        Trade Payables 245  
      2450 Suppliers 245  
      2452 Notes payable 245  
      2454 Rediscounts on notes payable (-) 245  
      2456 Deposits and guarantees received 245  
      2458 Other trade payables 245  
    245   Total Trade Payables 25  
             
        Other Payables 250  
      2500 Due to shareholders 250  
      2502 Due to affiliates 250  
      2504 Due to subsidiaries 250  
      2506 Rediscounts on other notes payable (-) 250  
      2508 Debts to the public sector deferred or payable by instalments 250  
      2510 Other payables 255  
    250   Total Other Payables 25  
             
        Advances Received    
             
        Provisions for Debts and Expenses 255  
      2550 Provisions for termination indemnities 255  
      2052 Provisions for other debts and expenses 255  
      2054 Income Relating to Future Periods and Expense Accruals 255  
      2056 Income relating to future periods 255  
      2058 Expense accruals 255  
    255   Total Provisions for Debts and Expenses 25  
             
        Other Long-term Liabilities 260  
      2600 VAT deferred to following years 260  
      2602 Other long-term liabilities. 260 1
    260   Total Other Long-term Liabilities 25  
             
    25   Total Long-term Liabilities 2  
             
        III Shareholders' Equity   1
        Paid-in Capital    
        Capital 265  
      2650 Unpaid capital (-) 265  
      2652 Positive distinction from share capital adjustment 265  
      2654 Negative distinction from share capital adjustement (-) 265  
    265   Total Paid-in Capital 28  
             
        Capital Reserves 270  
      2700 Share premiums 270  
      2702 Profit from Invalidation of share 270  
      2704 Revaluation fund of tangible fixed assets 270  
      2706 Revaluation fund of affiliates 270 1
      2708 Cost increase fund 270  
      2710 Other capital reserves 270  
    270   Total Capital Reserves 28  
             
        Profit Reserves 275  
      2750 Legal reserves 275 1
      2752 Statutory reserves 275  
      2754 Extraordinary reserves 275  
      2756 Special funds 275  
    275   Total Profit Reserves 28  
             
        Previous years' profits / Loss    
      2800 Previous years' profits 280  
      2802 Previous years' losses 280  
    280   Total Previous years' profits / Loss 28  
             
    290   Profit/Loss for the period 28  
            1
    28   Total Shareholders' Equity 2  
             
    2   TOTAL LIABILITIES 00  
             
             
        PROFIT/LOSS STATEMENT    
             
        REVENUE    
      4000 Income from services 4  
      4100 Income from sales 4  
      4200 Other income 4  
    4   TOTAL REVENUE 02  
             
        EXPENSES    
             
      5000 Basic salary 3  
      5002 Bonus 3  
      5004 Incentive to Staff 3  
      5006 House Rent Allowance 3  
      5008 Transport Allowance 3  
      5010 Stipend Account 3  
      5012 Stipend payable 3  
      5014 Recruitment Expenses 3  
      5016 Telephone expenses reimbursement 3  
      5018 Medical Expenses reimbursement 3  
      5020 Employer's contribution to ESI 3  
      5022 Employees' contribution to ESI payable 3  
      5024 ESI payable 3  
      5026 Employer's contribution to provident fund 3  
      5028 Employees' contribution to provident fund payable 3  
      5030 PF payable 3  
      5032 Provident fund admin charges 3  
      5034 EDLI Charges (PF) 3  
      5036 Staff Welfare (In office) 3  
      5038 Staff Welfare (Out of office) 3  
      5040 Staff Insurance 3  
      5042 Festival Expenses 3  
      5044 Rates & Taxes 3  
      5046 Conveyance Expenses (Others) 3  
      5048 Conveyance Expenses (To and fro residence) 3  
      5050 Travelling Expenses -Domestic 3  
      5052 Travelling Expenses -Foreign 3  
      5054 Free/Concessional tkts to staff 3  
      5056 Cellular Phone Expenses 3  
      5058 Telephone Expenses 3  
      5060 Telephone Expenses (Petty) 3  
      5062 Courier Expenses 3  
      6064 Postage, Courier & Telegram Expenses 3  
      5066 Communication Charges 3  
      5068 Printing & Stationery 3  
      5070 Vehicle insurance (Non commercial) 3  
      5072 Vehicle insurance (Commercial) 3  
      5074 Lease Rent 3  
      5076 Rent 3  
      5078 Guest House Rent 3  
      5080 Parking Rent 3  
      5082 Rent payable 3  
      8084 Guest House Rent payable 3  
      5086 Legal & Professional Charges 3  
      5088 Consultancy Charges 3  
      5090 Professional Tax (Employer's share) 3  
      5092 Professional Tax (Employees' share) payable 3  
      5094 Software Expenses 3  
      5096 Fees & Subscription 3  
      5098 Security Expenses 3  
      5100 Newpapers, Books & Periodicals Expenses 3  
      5102 Meeting & Conference Expenses 3  
      5104 Advertisement Expenses 3  
      5106 Vehicle Parking Expenses 3  
      5108 Vehicle Petrol Expenses- Non commercial 3  
      5110 Vehicle Petrol Expenses- Commercial 3  
      5112 Car Expenses 3  
      5114 Business Promotion Expenses 3  
      5116 Sales Promotion Expenses 3  
      5118 Office Expenses 3  
      5120 Electricity & Generator Expenses 3  
      5122 Guest House Charges 3  
      5124 Repair & Maintenance- Plant & Machinery 3  
      5126 Vehicle Maintenance (Non commercial) 3  
      5128 Vehicle Maintenance (Commerical) 3  
      5130 Repair & Maintenance- Building 3  
      5132 Repair & Maintenance 3  
      5134 Repair & Maintenance - Others 3  
      5136 Computer maintenance / Computer expenses / Repair and maint- Computers 3  
      5138 Bank Charges 3  
      5140 Loss on Sale of Fixed Assets 3  
      5142 Short & Excess expenses 3  
      5144 Donation 3  
      5146 Difference in Foreign Exchange 3  
      5148 Interest on bank loan 3  
      5150 Interest on Vehicle Loans (Non commercial) 3  
      5152 Interest on Vehicle Loans (Commercial) 3  
      5154 Interest on Other Loan 3  
      5156 Prior period expenses 3  
      5158 Prior period income 3  
      5160 Audit expenses 3  
      5162 Finance charges 3  
             
    3   TOTAL EXPENSES 02  
             
    02   Profit(-) Loss(+) from Profit & Loss Statement 00  
             
    00   Difference should be = 0 (blank cell)    
             
             
    Table: VAT codes
    VAT Code Description %VAT
         
      VAT due  
    S0 VAT exempt sales  
    SE Foreign sales exempt  
    S5 Sales at 5% 5.00
    S10 Sales at 10% 10.00
    SD5 Discount on sales at 5% 5.00
    SD10 Discount on sales at 10% 10.00
         
      Recoverable VAT  
    P5 Purchase goods at 5% 5.00
    P10 Purchase goods at 10% 10.00
    PD5 Discount on purchases at 5% 5.00
    PD10 Discount on purchases at 10% 10.00
         
    I5 Purchases for investment or use 5% 5.00
    I10 Purchases for investment or use 10% 10.00
    ID5 Discount on purchases for investment or use 5% 5.00
    ID10 Discount on purchases for investment or use 10% 10.00
         
      TOTAL  
         
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