Accounting monograph for financing from a Sectoral Operational Program Human Resources Development Project (POSDRU)

A company benefiting from a financing project for human resources development must take into account several aspects:

    all amounts related to the project are recorded in analytical accounts separate from those used for the current activity;

    the grant is considered a deferred income that is accounted for in account 475;

    the grant is transferred to revenue as the expenditure for which it was financed is registered.

1) registration of grant approval for the project

445.POSDRU = 475.POSDRU with the approved amount

2) registration of expenses by their nature

604.POSDRU = 401.POSDRU for purchases of materials, consumables approved for settlement in the project

611.POSDRU = 401.POSDRU with the value of maintenance and repairs settled from the project

628.POSDRU = 401.POSDRU for procurement of services approved for settlement in the project

641.POSDRU = 421.POSDRU with the salaries of the staff approved for settlement by the project

645.POSDRU = 431.POSDRU /437.POSDRU with the value of social insurance approved for settlement by project

3) the grant will be recorded in revenue as the subsidized expenditure is incurred

475.POSDRU = 7584.POSDRU

4) registration of the receipt of the grant;

For fixed assets financed in the project, the transfer of the subsidy to income is made in proportion to the financed depreciation amount, monthly, during the use and depreciation of the fixed asset, at each depreciation calculation.

Depending on how it was approved for settlement by project, VAT related to purchases made under the project may be requested from POSDRU, requiring a Certificate on VAT non-deductibility of expenses included in the request for reimbursement, issued by the Tax Authorities.