Decree No. 507 / 2002 Coll.
Decree implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities accounting in a simple accounting system
Valid
Order
Effective from 01.01.2003
Text versions:
01.01.2003
05.12.2002
507
DECLARATION
of 6 November 2002
implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities accounting in a simple accounting system
The Ministry of Finance provides pursuant to § 37a (1) for the implementation of § 4 (2) and § 15 (4) of Act No. 563 / 1991 Coll., on Accounting, as amended by Act No. 492 / 2000 Coll. and Act No. 353 / 2001 Coll., hereinafter "the Act ':
Subject matter
The decree sets out the content of the accounting books in the system of simple accounting to ensure the compilation of summaries under Section 15 (5) of the Act for the entities referred to in Section 2.
Scope of the Order
The decree applies to entities under § 1 (2) (a), (b) and (d) of the Act, which may be charged in a simple accounting system under § 9 (2) and (3) of the Act.
Money diary
(1) The ledger shall contain at least information on cash revenue and expenditure and their balances, income and expenditure of cash in accounts with financial institutions and their balances. The information shall be broken down by revenue and expenditure required for the determination of the income tax base or, where appropriate, by further breakdown that is necessary for the performance of the entity's obligations under special legislation, (1) or that is necessary for its purposes.
(2) In addition, the ledger shall contain information on the interim items charged on the basis of the accounting documents on cash transfers to and from the account and between accounts with financial institutions.
(3) The ledger shall contain the information on the total of revenue and expenditure referred to in paragraph 1 and their differences from the beginning of the accounting year at least at the end of each calendar month and at the closure of the money diary.
(4) In addition, the ledger shall contain cash balances, cash in accounts with financial institutions and interim items, when closing the exchange rate differences observed by converting cash balances and accounts with financial institutions denominated in foreign currencies.
(5) Information on balances of cash and cash in accounts with financial institutions is provided in the inventory of assets and liabilities. Information on the final totals of revenue and expenditure in cash and of funds in accounts with financial institutions and the difference between the final sum of revenue and expenditure broken down by the breakdown needed to establish the income tax base shall be given in the statement of revenue and expenditure.
List of claims and liabilities
(1) The book of claims and liabilities contains information on:
(a) claims on commercial obligations, with the exception of advances,
(b) claims on advances granted;
(c) claims on loans granted,
(d) commitments on commercial obligations, with the exception of commitments on advances accepted;
(e) commitments arising from advances received;
(f) commitments on loans and loans received;
(g) claims and liabilities arising from the performance of an entity's obligations under special legislation, 2)
(h) other claims and liabilities not covered by the auxiliary book referred to in § 5 or § 6;
(i) cheques issued by the entity and cheques transferred for collection, 3)
at least broken down by (a) to (i).
(2) The book of claims and liabilities shall contain:
(a) exchange rate differences, for the individual outstanding claims and liabilities referred to in paragraph 1, expressed in foreign currencies;
(b) totals of outstanding claims and liabilities referred to in paragraph 1 (a) to (h).
(3) The information referred to in paragraph 2 (b) shall be included in the inventory of assets and liabilities.
Auxiliary book on other assets
(1) The auxiliary book on the other components of the property contains information on:
(a) fixed assets;
(b) fixed assets;
(c) financial assets;
(d) stocks,
(e) valuation differences in acquired assets;
(f) other components of assets not listed in the books referred to in Sections 3 and 4.
(2) The auxiliary book on the other components of the property shall contain, according to the condition established when the book is closed, the totals of the valuation of the assets referred to in paragraph 1 (a) to (f). This information shall be included in the inventory of assets and liabilities.
(3) For the content definition of the components of the property in the books, the entities shall apply mutatis mutandis the relevant provisions of Decree No. 500 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are entrepreneurs accounting in the double-entry accounting system.
Auxiliary book on commitments from employment relations
An auxiliary paper on obligations in employment relationships contains the information necessary for the performance of an entity's obligations arising from employment relationships under specific legislation.4)
Records in books
(1) For records in the books, the entities shall apply the relevant provisions of Decree No. 500 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., as amended, to the entities that are entities accounting in the double accounting system.
(2) An overview of the assets and liabilities and an overview of the income and expenses are compiled in the cash units of the Czech currency and the individual information is presented in CZK.
Transitional provision
The provisions of this Order do not apply to accounting in the system of simple accounting in the accounting year which is the economic year and started before the Decree is effective.
Efficacy
This Decree shall take effect on 1 January 2003.
Minister:
Sobotka v. r.
1) For example, Act No. 89 / 1995 Coll., on the State Statistical Service, as amended, Act No. 455 / 1991 Coll., on Business Business (Trade Business Act), as amended, Act No. 227 / 1997 Coll., on Foundation and Foundation Funds, and on the amendment and addition of certain related laws (Law on Foundation and Foundation Funds), as amended, Act No. 248 / 1995 Coll., Act No. 248 / 1995 Coll., on Public Beneficial Companies and on the amendment and addition of certain laws, as amended.
2) For example, Act No. 588 / 1992 Coll., on Value Added Tax, as amended, Act No. 586 / 1992 Coll., on Income Tax, as amended.
3) Act No. 191 / 1950 Coll., exchange and cheque, as amended by Act No. 29 / 2000 Coll.
4) For example, Act No. 65 / 1965 Coll., Labour Code, as amended, Act No. 1 / 1992 Coll., on Wage for on-call and on Average Earnings, as amended, Act No. 589 / 1992 Coll., on Social Security Insurance and Contribution to State Employment Policy, as amended, Act No. 592 / 1992 Coll., on General Health Insurance Insurance, as amended.
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Regulation Information
| Citation | Decree No. 507 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities accounting in a simple accounting system |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 05.12.2002 |
|---|---|
| Effective from | 01.01.2003 |
| Effective until | - |
| Status | Valid |
Legal Areas:
Finance
Accounting
The regulation text is for informational purposes only.
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