Formation of Equity Components in the Automated Accounting System of Small Enterprises

Abstract

The article reveals methodological approaches to information about the organization's income and expenses, financial results, profit and loss in accounting to the use of synthetic accounts for registration of sales revenue, cost, and other incomes and expenses that make up equity components. Recognition of income and expenses in accounting allows generating financial result, determine the amount of profit from sales, taxable profit, as well as net profit, which is the main source of equity replenishment. Features of information generation in automated registers in 1C Accounting System, its use for the purposes of accounting and taxation at formation of net profit are considered. The necessity of separate registration of incomes and expenses for accounting and tax accounting and its impact on the formation of the equity capital components of small enterprise is substantiated.