Account 758 of the General Accounting Plan plays an essential role in the accounting management of companies. It is used to record various products generated by secondary or exceptional activities! without a direct link to the main activity . Unlike sales of goods or services! which are assigned to specific accounts! account 758 groups together various receipts that do not find their place elsewhere in the product accounts.
This account may include! for example:
Insurance reimbursements or compensation received for claims ;
Gains on receivables previously declared irrecoverable ;
Subsidies or aid received outside the company’s main operations ;
Income from the occasional rental of equipment or spaces office 365 data not used for the main activity;
Proceeds from the sale of fixed assets which are not part of a current transaction.
The rules to follow
The use of account 758 must comply with certain precise accounting rules 20 statistics that prove you should invest in branding in order to guarantee correct management and compliance with tax standards. Here are the main rules to follow to avoid any errors:
Justification of products : Each product recorded in this account must tongliao phone number list be justified by official documents such as invoices! contracts or receipts. These supporting documents are essential in the event of a tax audit! as they help prove the legitimacy of the accounting records and ensure compliance with regulatory requirements;
Regular accounting : All miscellaneous income must be recorded in account 758 in an exhaustive manner. It is important not to omit any transaction! whether exceptional or not. Indeed! neglecting a transaction could lead to inconsistencies in the financial statements! harming the transparency of accounting management;
Regularization of exceptional products : In the event of a modification or rectification of a recorded product (for example! a partial refund or a reduction on a subsidy)! it is crucial to regularize the entry in the correct accounting account. This allows you to avoid errors and ensures that your accounting entries accurately reflect the economic reality of your company.
Examples of using account 758
Example #1: Rental of unused equipment
Your company has a machine that is ultimately not used. It then decides to rent it to another company! thus generating €500 excluding tax (HT) of additional income. This income must be recorded in account 758 – Other miscellaneous current management income.
