Use of reserve sub-account reflected a debit of 471 correspondence with the credit sub-accounts: – 661 – the amount of accrued vacation and compensation for unused vacation days – 651, 652, 653, 656 – the amount of accrued vacation or compensation for contributions to social insurance funds. Not always reserve the amount of accrued vacation leave and cover the amount falling on their social contributions. Particularly often such a situation occurs in the summer, when employees go on leave en masse. In this case, it is important Remember: you can not use the pool more than it has been accrued. For this reason, there can be a debit balance on the sub-account 471.
Sum leave (and social contributions) are not covered by a reserve, to be assessed due to costs reporting period. Inventory reserves as we noted above, the provision for vacation pay is collateral. According to paragraph 18 of R (s) will ensure the balance of 1911 are reviewed at each balance sheet date and, if necessary adjusted (decreased or increased). At the same time, according to another document – 11.10 Instruction number 69 – inventory reserves for future expenses and payments is to test the validity of the balance of the sums on the date of inventory, conformity to the approved administrative head of enterprise document list created reserves. As we see, P (s) A 11 provides that the review of provision for vacation pay to spend each balance sheet date, and the instruction number 69 – the date of the inventory, ie, once a year.