Listen to the podcast of this article and find out how to organize the chart of accounts in the Presumed Profitand understanding its importance for accounting management, compliance with tax obligations and making safer and more strategic decisions.
O chart of accounts in Presumed Profit is an essential tool for companies that opt for this tax regime
In practice, it acts as a kind of map, organizing all the accounting accounts used in bookkeeping and allowing for greater clarity in financial analysis and compliance with tax obligations.
Unlike Simples Nacionalin which the accounting requirements are more simplified. Presumed Profit It is essential to keep a well-structured chart of accounts, as it serves as the basis for management reports, tax assessment and strategic decision-making.
Without this tool, the company runs the risk of not having reliable information to control income, expenses, costs and results.
In this article, we'll explain in detail what it is, how to draw it up, bring a sample chart of accountsas well as showing how presumed profit account structure must be organized to guarantee efficiency, compliance and transparency.
What is the chart of accounts in Presumed Profit?
O chart of accounts in Presumed Profit is a standardized set of accounting accounts that classifies all the company's financial transactions.
This structure defines how each operation should be recorded in the accounts, separating income, expenses, costs, assets, liabilities and equity.
In practice, it is an accounting organization system that guarantees the consistency of information.
For example, when recording a sale, the accountant must classify it in a specific operating revenue account. The payment of salaries, on the other hand, goes into a personnel expenses account.
This standardization facilitates not only bookkeeping, but also compliance with tax rulessuch as the obligation to submit Digital Bookkeeping (ECD) and Tax Bookkeeping (ECF) for Presumed Profit companies that distribute profits above the presumed base or have annual turnover of more than R$ 4.8 million.
Why is the chart of accounts so important in Presumed Profit?
There are several reasons why the accounting plan is so important in Presumed Profit:
- Tax compliance: Ensures that all obligations are fulfilled correctly before the Receita Federal.
- Efficient financial management: It allows the company to track income and expenses clearly.
- Security in the distribution of profits: To distribute dividends above the presumed base, it is necessary to prove actual profitability through accounting.
- Strategic decision-making: With consistent reports, the entrepreneur has a solid basis for planning investments, cost cuts and expansion.
Without one PLAN OF ACCOUNTINGThe company can face problems when it comes to proving results, risk tax assessments and even pay more tax than it should.
Spreadsheet
Presumed Profit
Presumed Profit account structure: how to organize it?
A Presumed Profit account structure follows accounting standards defined by Brazilian standards (CPCs) and also by tax legislation.
Generally, a chart of accounts is divided into four main groups:
1. Active
- Current: Cash, banks, accounts receivable, stocks.
- Non-current: Fixed assets, investments, intangibles.
2. Liabilities
- Current: Suppliers, taxes to be paid, salaries to be paid.
- Non-current: Long-term loans, provisions.
3. Net Worth
- Share capital.
- Profit reserves.
- Retained earnings.
4. Results
- Operating revenues.
- Costs of services or goods sold.
- Administrative and commercial expenses.
- Other income and expenses.
This structure can vary depending on the size and activity of the company. A service office, for example, will focus on personnel costs and income from services rendered. A industry will need to better detail production costs, stocks of raw materials and finished products.
The Tax Reform is already changing the rules of accounting in Brazil. To understand how these changes directly impact the tax rules and legislation governing the chart of accounts, check out the video:
Example assumed chart of accounts
One sample chart of accounts simplified for a service company could be:
Current Assets
- Box
- Current account banks
- Clients
- Recoverable taxes
Non-current assets
- Machinery and equipment
- Vehicles
- Furniture and utensils
Current Liabilities
- Suppliers
- Labor obligations
- Taxes to be paid
Non-current liabilities
- Long-term loans
- Provisions
Shareholders' equity
- Share capital
- Profit reserves
- Retained earnings
Results
- Revenue from services rendered
- Administrative expenses
- Commercial expenses
- Operating costs
- Financial results
This model can (and should) be adapted to each type of business. Trading companies, for example, will need specific accounts for stocks e cost of goods sold (COGS).
Differences between the LP chart of accounts and other systems
O PLAN OF ACCOUNTING is more detailed than in Simples Nacional, as it requires greater control over the calculation of results and proof of profits.
In Real ProfitThe complexity is even greater, since all costs and expenses are analyzed in detail in order to calculate the tax.
In Presumed Profit, the basis for calculating the IRPJ and CSLL is determined on the basis of a fixed percentage of gross revenue (8% for commerce/industry and 32% for services in general).
Even so, keeping an organized chart of accounts is essential for proving expenses and guaranteeing security in bookkeeping.
Complete guide Real Profit and Presumed Profit in Tax reform
Benefits of a well-structured chart of accounts
Adopt a chart of accounts in Presumed Profit well defined brings numerous benefits to companies:
- Clear accounting and financial reports.
- Ease of internal and external auditing.
- Agility in calculating taxes and accessory obligations.
- Greater credibility with banks and investors.
- Solid basis for strategic planning.
In addition, a proper chart of accounts improves communication between accountants and managers, allowing for more accurate analysis of profitability, margins and costs.
How to implement a chart of accounts in Presumed Profit
To put a chart of accounts in Presumed ProfitIt is important to follow a few steps:
- Map the company's operations: Identify the main revenues, costs and expenses.
- Define the account structure: Organize assets, liabilities, equity and results according to the company's reality.
- Standardize launches: Ensure that each operation is always recorded in the same way.
- Automate processes: Use accounting management software that already has charts of accounts configured for Presumed Profit.
- Have specialized support: One accounting office can customize the plan according to the needs of the business.
Conclusion
O chart of accounts in Presumed Profit is an indispensable tool for keeping accounting organized, transparent and in compliance with the law.
In practice, this structure of accounts enables efficient control of the company's results, guarantees security in the distribution of profits and facilitates strategic planning.
With a assumed chart of accounts adapted to your reality and a accounts structure well organized, your company will have a clear view of revenue, costs and expensesIn addition to being prepared for audits and decision-making.
