Material assistance to a citizen of the Russian Federation

In some life situations, citizens of the Russian Federation have the right to receive material assistance from the state or organization in which they work, study or are enrolled. Almost every institution in the country provides for such a point of expenditure of funds in the budget. At the same time, entering into a legal marriage, leaving for a regular holiday, the birth of a child is also connected with such a concept as material assistance. The provision of monetary support of this type is prescribed in the documents of the organization (usually a collective agreement or a provision on remuneration of labor), some points of legislation also speak about this.

The material aid listed to the current or former employee, his relative, has its own specifics of formation. A person wishing to receive financial support from his or her organization must provide the head with an application for all the rules in which he must indicate the reasons that prompted him to seek help.

In this case, the employee also needs to provide copies of the documents that are the basis for issuing cash support. Such papers include a birth certificate of a child or a marriage, the death of a close relative, medical certificates and other documents.

Material assistance is transferred to the employee's account or paid directly from the cash desk only after consideration of this matter by the management of the organization. In this case, a positive response is formalized in the form of an order for the company. State organizations have the right to use such funds for their payments received from their main economic activities, as well as various subsidies and budget funds received from the state.

Students who study on full-time education in federal institutions of higher and secondary special education also have the opportunity to apply to the leadership of their college or university for financial assistance. The budget of such establishments provides for the availability of additional funds for such payments. Material assistance in such institutions is paid from a scholarship fund, which contains 25% more funds than is necessary to pay scholarships. It is this oversized balance that is the source of additional financial assistance.

Natural disasters, extreme circumstances, loss of a breadwinner, retirement, the birth or adoption of a child, small prosperity, terrorist acts - all this is the basis for receiving such a payment as material assistance. Taxation on these items is not conducted. The remaining reasons, which are also grounds for receiving financial support, are taxed.

Of course, any organization keeps records of such operations. At the same time for its registration there are special accounting entries. Material assistance can be associated with the following correspondence of accounts (if payments are made at the expense of retained earnings):

Дт / 84 - Кт / 70 - calculation of material assistance;

Дт / 84 - Кт / 69 - calculation of insurance premiums;

Дт / 70 - Кт / 68 - deduction of the tax to incomes of physical persons (if the given type of the help is taxed);

Дт / 70 - Кт / 50 - payment of cash support from the cash department.