{"id":10453,"date":"2018-12-06T05:11:28","date_gmt":"2018-12-06T04:11:28","guid":{"rendered":"https:\/\/tunal-stb.de\/inventory-notes-2018-part-ii\/"},"modified":"2023-07-21T09:35:35","modified_gmt":"2023-07-21T07:35:35","slug":"inventory-notes-2018-part-ii","status":"publish","type":"post","link":"https:\/\/tunal-stb.de\/en\/inventory-notes-2018-part-ii\/","title":{"rendered":"Inventory Notes 2018, Part II"},"content":{"rendered":"

Inventory – Notes – 2018 – Part II
\n<\/strong><\/p>\n<\/div><\/div>[vc_single_image image=”5499″ img_size=”full”][ultimate_heading main_heading=”Inventur-Hinweise 2018 – Teil II” alignment=”left”][\/ultimate_heading][vc_separator css=”.vc_custom_1543829105938{margin-bottom: 20px !important;}”][vc_message message_box_color=”blue”]\n

4) Movable fixed assets<\/h2>\n

4.1<\/strong><\/p>\n

In principle, all movable fixed assets must be included in the inventory<\/strong>, even if they have already been depreciated. For the exceptions, see para. 4.2 and 6.2.
\nThe physical inventory may be waived if a special asset register<\/strong> (asset index) is kept. Each addition and disposal is to be entered in it on an ongoing basis (cf. R 5.4 para. 4 EStR).<\/p>\n

4.2<\/strong><\/p>\n

Immediately deductible low-value assets<\/strong> must be recorded in a special list to be kept on an ongoing basis or in a special account if the acquisition\/production costs are more than 250 euros and not more than 800 euros.<\/p>\n

For assets between EUR 250 and EUR 1,000 that are included in the collective item<\/strong>, there are no special recording obligations – apart from recording the addition -; they also do not have to be included in an inventory.<\/p>\n

4.3<\/strong><\/p>\n

Leased assets<\/strong> must be recognized in the asset register if they are attributable to the lessee (e.g. if the basic lease term is less than 40% or more than 90% of the useful life or in the case of leases with an option to purchase).[\/vc_message][vc_message message_box_color=”blue”]\n

5) Receivables and payables<\/h2>\n

Inventory also includes the recording of all receivables and payables, i.e. the preparation of balance lists<\/strong> for debtors and creditors. Bills of exchange of possession and bills of exchange of debt must also be recorded individually. The lists of balances shall be prepared on the basis of the current accounts separately for receivables and payables.[\/vc_message][vc_message message_box_color=”blue”]\n

6) Evaluation procedure<\/h2>\n

6.1<\/strong><\/p>\n

Individual valuation – group valuation:<\/strong> In principle, assets are to be recorded individually in the inventory and valued accordingly (Section 240 (1) HGB).
\nHowever, insofar as this is in accordance with the principles of proper accounting, similar<\/strong> inventory assets and other similar or approximately similar movable assets may be grouped together(group valuation<\/strong> in accordance with Sec. 240 (240)). 4 HGB, see also R 6.8 para. 4 EStR).
\nSimplified valuation methods include average valuation<\/strong> or a consumption sequence method<\/strong>, e.g. for fuel inventories (so-called LIFO method; R 6.9 EStR).<\/p>\n

6.2<\/strong><\/p>\n

Fixed values:<\/strong> Assets of the Property, plant and equipment<\/strong> as well as Raw materials and supplies<\/strong> (with the exception of the assets mentioned in point 4.2) may, if they are replaced regularly and their total value is of secondary importance to the company, be recognized at a constant quantity and value, provided that their inventory is subject to only minor changes in size, value and composition (Fixed valuation<\/strong> according to \u00a7 240 para. 3 HGB). This type of evaluation can be considered, for example, for tools, bottles, barrels, packaging materials.<\/p>\n

The items recorded by fixed values are regularly to be included only on every third balance sheet date<\/strong>; for movable<\/strong> fixed assets, a physical inventory is to be taken at the latest on every fifth balance sheet date. If a value is determined that is more than 10% higher, this new value shall be decisive (cf. R 5.4 para. 3 EStR).[\/vc_message][vc_message message_box_color=”blue”]\n

7) Implementation of the inventory<\/h2>\n

In the physical inventory, the existing assets are physically recorded. Inventory teams, each with a counter and a recorder, are to be formed for the respective recording locations (e.g. warehouse, sales rooms, workshop).<\/p>\n

The following applies in particular to the inventory:<\/p>\n