"The clarification will come into force in 2018"
To reduce accounts receivable on a counter accounts payable it is necessary since the oldest accounts receivable must be taken into account. The Ministry of Finance expressed this point of view this year, explaining the rules for determining the doubtful debt when calculating the profit tax. This approach was decided to be fixed in the Tax Code of Russia.
For example, a company has accounts receivable with a period of 96 days in the amount of 170 000 rubles and in the amount of 80 000 rubles with a period of 49 days. Accounts payable to the same counterparty is 70 000 rubles. According to the amendments, it will be necessary to reduce the accounts receivable in the amount of 170 000 rubles by 70 000 rubles.
This way the company will write off a reserve for doubtful debts with a smaller amount than if it would be reduced by 70 000 rubles account receivable in the amount of 80 000 rubles.
