UPDATED CHART OF ACCOUNTS
The Order of the Ministry of Finance No. 10 dated 10 January 2024 amended a number of regulations of this Ministry on accounting. On 23 February, it was published in the Official Gazette. Therefore, the changes have been in force since that date.
The amendments primarily affect the Instruction on the Application of the Chart of Accounts for Accounting for Assets, Capital, Liabilities and Business Transactions of Enterprises and Organisations. In particular, it added new sub-accounts to account 30 "Cash":
- 308 "Cash in national currency for transactions conducted using cash registers";
- 309 "Cash in foreign currency for transactions conducted using cash registers".
The new sub-accounts 308 and 309 will be used by companies that carry out cash transactions using cash registers.
With regard to subaccount 376 "Settlements on Loans and Credits", the NBU clarified that it is used to record settlements on loans to credit union members in credit unions and loans to payment service users by financial service providers (other than banks).
A new subaccount 686 Settlements on Transfer Operations was added to account 68 Settlements on Other Transactions. This account is used to record settlements on payment service transactions by financial payment service providers.
Account 70 "Revenues from sales" will be replenished with new subaccounts:
- 706 "Interest income from financial services";
- 707 "Commission income from financial payment services".
These accounts will be used by financial payment service providers for which the provision of such services is the main activity, to summarise information on interest and commission income, respectively.
