Classification of incomes of enterprises and budget

According to the accounting, according to the regulations, the classification of income identifies several groups:

• According to the usual activities of the organization:

1.delivery from the sale of goods and products

2. receipts for work performed

3. income related to services

• Other:

1. Operating (proceeds from the sale of fixed assets, for the surrender of property for rent)

2. Non-operating (penalties and penalties for violation of the terms of contracts, accounts payable with expired limitation period, incomes of previous years that were revealed in the current year, compensation of losses, exchange difference)

3. Emergency (material values that survived after the fire, remained after the write-off of fixed assets)

In the accounting policy, the order of the company must reflect what relates to other revenues.

For taxation, the following income classification is provided:

• From the sale of goods, products, works, services, property rights
• Non-operating income (from leasing property, gratuitous receipt of property, equity participation)
• Revenues that are not taken into account when determining the taxable base (for property received as collateral, for loans and loans, as a contribution to the authorized capital)

By the periodicity of receipt, all incomes are divided into current and capitalized.

Classification of the company's income in accounting and tax accounting is somewhat different, that is, part of the revenue will be taken into account when calculating the profit balance of the organization, but will not be taken into account when determining the tax base of the property when calculating the corporate profit tax.

The amounts of VAT, excises, advances, deposit, repayment of loans, loans and others are not the enterprise's income.

All commercial organizations in practice use the classification of income by industry:

• Trading,
• Production
• On rendering services.

In each field of activity there are benefits and income tax rates . And in modern conditions, many enterprises are engaged in addition to core activities and auxiliary activities. And if incomes make up more than 5% of the total number, then it is necessary to keep a clear record for each non-core activity.

By type of activity, the classification of income of any organization reflects the basic, investment and financial activities of the enterprise. Investment activity is understood as income from the sale of fixed assets, equity participation in other organizations, income from deposits and securities. The income from financial activities is related to the issue of shares, bonds, the attraction of a loan, the payment of dividends, the use of interest on deposits.

Classification of budget revenues necessarily provides the administrator's code of revenues to the budget, groups, articles, programs. So the main administrators of receipts are the bodies of state power, local self-government, the central bank of the country, government departments of state non-budget organizations, budgetary institutions that monitor the accuracy of the calculation, timely payment, recovery and return of overpaid payments, fines, penalties.

All incomes in the budget are divided into large groups:

• Tax revenues (on profits, on goods, on property, registration and licensing fees)
• Non-tax revenues (income from municipal property, fines, compensation for damage, sale of land and intangible assets, administrative fees)
• Gratuitous transfers (from non-residents, from state and non-state organizations, from the return of subsidies of past years)
• Income of budget trust funds
• Income from business activities