PECULIARITIES OF USING THE REGISTRAR OF SETTLEMENT OPERATIONS IN THE FINANCIAL ACCOUNTING SYSTEM

Abstract

The article is devoted to topical issues of determining the importance of using the registrar of settlement transactions by small businesses. The tax system determines the place of the business entity in fiscal relations with the state, its role in economic relations with other counterparties and the amount of labor costs during accounting and reporting. Small businesses can apply a general or simplified system of taxation. In Article the analysis of conditions of application of the general and simplified system of taxation by subjects of small business is carried out. The simplified taxation system has limitations in application. However, the simplification of accounting procedures provided by it makes it attractive to small businesses. The paper substantiates the need to use the registrar of settlement operations (RRO) as an effective method of controlling the income of economic entities and the process of tax collection, limiting the "shadow" movement of cash, consumer protection. The factors of the state's influence on the possibility of installing the device, the advantages and disadvantages of its use by domestic enterprises are analyzed and systematized. The normative-legal base on the application of single tax payers of registrars of settlement operations in the financial accounting system has been studied and generalized. Some innovations in regulating the application of RRO and changes in current legislation are analyzed. Typical violations in the use of RRO by business entities have been studied: conducting transactions for an incomplete amount of the value of goods sold, errors in primary documents, registers and reports on RRO, the use of unauthorized RRO. A critical assessment of the problems of RRO application, including the cost of RRO, slowing down trade, increasing control by the tax authorities, maintenance, the presence and increase of fines. The directions of overcoming the specified problems are substantiated. Reserves for increasing the level of economic development of Ukraine using the registrar of settlement operations (RRO) are outlined. Ways to increase the urgency of reforming and improving the system of taxation of individual entrepreneurs in Ukraine are presented.