For 2017-2018, mining and the use of the blockchain in financial transactions have become commonplace. Bitcoin , Etherum and other cryptocurrencies are used by millions of people around the world, including in Russia. The viability and development prospects of virtual money are not questioned, therefore the issues of their introduction into the accounting system are very relevant.
Implementation of cryptocurrency in 1C: advantages
One of the most popular and popular systems used in the Russian Federation is 1C. The system is installed in commercial companies, allows you to keep records of values with minimal labor costs and quality reporting. Enthusiasts believe that the introduction of cryptocurrency into the system will allow to withdraw electronic money, in fact, representing material values, from the shadow sector.
In legal practice, they are of the opinion that when a “payment” or “payment” of a cryptocurrency is made, an exchange transaction, a “barter”, is made. Consequently, in the 1C system, you can make accounting entries and generate primary accounting documents related to barter transactions.
The cryptocurrency enterprise takes it out of the gray zone, organizes the circulation of electronic money, increases the level of customer confidence and the value of its own brand reputation. It becomes possible to deduct taxes to the state budget income. Thus, problems with tax and law enforcement agencies are excluded.
The company receives an additional tool for settlements and financial transactions using cryptocurrency. Despite the advantages of introducing electronic money into the accounting and reporting systems, the main difficulties arise not in the technical part, but in terms of current legislation.
Lawyers of the Black Snail public association dealing with privacy research on the Internet explained that if a non-cash payment is confirmed by a payment order marked by the relevant banking institution, then in the case of cryptocurrency, the fiscal data presented according to the established formats as cash a check, a form of strict reporting and (or) another document stipulated by the legislation of the Russian Federation on the use of the cash register technician and, on paper and (or) in electronic form, including those protected by a fiscal characteristic.
What you need to know when implementing cryptocurrency in 1C
The main obstacle to implementation is the assertion that the use of cryptocurrency on legal terms is illegal, as the legislation does not clearly define it. In fact, electronic money falls under the definition of “intangible benefits, other property”; you can use them in your daily activities for legitimate reasons.
Introducing bitcoins or ethers in 1C, it is necessary to understand the following legal aspects:
- Cryptocurrency in non-cash terms does not fall under the concept of a money surrogate and can be used in calculations without any restrictions on the territory of the Russian Federation. According to Article 1.1 of the Federal Law of July 3, 2018 No. 192-FZ: “an automatic device for payments is a device for settlement with the buyer (client) in an automatic mode without the participation of an authorized person of the organization or an individual entrepreneur”.
- From time to time there are reports that operations with electronic currencies are prohibited in the country. From a legal point of view, such statements are not supported by anything. In accordance with the current legislation, the bank cannot refuse to conduct a transaction using cryptocurrency, if the client insists on this option.
- When conducting transactions, it is necessary to take into account that bitcoins and other electronic money are not foreign currency. Their use does not imply restrictions imposed on settlements in foreign currency. Operations are performed by the general rules.
- Accounting for cryptocurrency in the system is conducted as a financial investment, despite the fact that the currency does not apply to securities. In accounting, electronic funds are displayed on account 58 "Financial investments".
- Sales / purchases of a crypt for foreign currency and rubles are conducted using accounts No. 52 and No. 51, respectively.
Also, the introduction of cryptocurrency in the 1C system should be carried out gradually, the first operations can be carried out for small amounts. After debugging the technology, eliminating the main problems and difficulties, it is possible to fully translate the cryptocurrency turnover into standard generally accepted systems. The disadvantages of this approach are practically non-existent. The current legislation, with all its imperfections, allows performing any operations on a legal basis.
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