Minimum self-employed advance payments in 2025 at a glance?
Posted: Mon Mar 17, 2025 4:57 am
Non-entitlement components of wages, such as bonuses and rewards, whose award depends on the decision of the statutory body, are not included here. This also does not include leave from the current accounting period, which employees will take for operational reasons only in the following period. Estimated passive items are also not created for audit services for verifying financial statements and processing income tax returns . These services belong in terms of substance and time to the period in which they actually took place, which is usually the following period. Not to the period for which the financial statements or tax return are prepared.
Tip
A business credit card from ČSOB protects your business. Get free extended warranty insurance, an interest-free period of up to 45 days, or a discount of 0.4 CZK/liter of fuel in the EuroOil network. Arranging a credit card is completely free.
Example
Based on actual energy consumption and its price, ABC sro expects energy costs of CZK 65,000 for 2024. On gambling data brazil June 20, 2025, it will receive an invoice for energy consumption of CZK 68,000. Post the related accounting transactions. For simplicity, do not include VAT.
Date Document Text Amount MD GAVE
31.12.2024 INT Creation of an estimated passive item for energy consumption 65,000 CZK 502 389
20.6.2025 FAP Received invoice from supplier for energy consumption for 2024 68,000 CZK 389 321
20.6.2025 INT Settlement of estimated liability items 3,000 CZK 502 389
20.6.2025 VBU Payment of a received invoice from a current account 68,000 CZK 321 221
Example
Company ABC sro received a delivery of materials on 28. 12. 2024. However, it did not receive an invoice. It is clear from the order and delivery note that the price of the delivery of materials is 100,000 CZK. The invoice received arrived on 20. 2. 2025 in the amount of 110,000 CZK. The company accounts for material inventories using method A. Record the related accounting events. For simplicity, do not include VAT.
Date Document Text Amount MD GAVE
28.12.2024 Receipt Receiving materials into the warehouse 100,000 CZK 112 111
31.12.2024 INT Creation of estimated liability item for material – uninvoiced delivery 100,000 CZK 111 389
20.2.2025 FAP Received invoice from supplier for material 110,000 CZK 389 321
20.2.2025 INT Settlement of estimated liability items 10,000 CZK 111 389
Conclusion.
Tip
A business credit card from ČSOB protects your business. Get free extended warranty insurance, an interest-free period of up to 45 days, or a discount of 0.4 CZK/liter of fuel in the EuroOil network. Arranging a credit card is completely free.
Example
Based on actual energy consumption and its price, ABC sro expects energy costs of CZK 65,000 for 2024. On gambling data brazil June 20, 2025, it will receive an invoice for energy consumption of CZK 68,000. Post the related accounting transactions. For simplicity, do not include VAT.
Date Document Text Amount MD GAVE
31.12.2024 INT Creation of an estimated passive item for energy consumption 65,000 CZK 502 389
20.6.2025 FAP Received invoice from supplier for energy consumption for 2024 68,000 CZK 389 321
20.6.2025 INT Settlement of estimated liability items 3,000 CZK 502 389
20.6.2025 VBU Payment of a received invoice from a current account 68,000 CZK 321 221
Example
Company ABC sro received a delivery of materials on 28. 12. 2024. However, it did not receive an invoice. It is clear from the order and delivery note that the price of the delivery of materials is 100,000 CZK. The invoice received arrived on 20. 2. 2025 in the amount of 110,000 CZK. The company accounts for material inventories using method A. Record the related accounting events. For simplicity, do not include VAT.
Date Document Text Amount MD GAVE
28.12.2024 Receipt Receiving materials into the warehouse 100,000 CZK 112 111
31.12.2024 INT Creation of estimated liability item for material – uninvoiced delivery 100,000 CZK 111 389
20.2.2025 FAP Received invoice from supplier for material 110,000 CZK 389 321
20.2.2025 INT Settlement of estimated liability items 10,000 CZK 111 389
Conclusion.