Cabinet of Ministers Regulations No 1160 in Riga 2009 (13 October. 10. § 69) order in which individual entrepreneurs and other natural persons carrying out economic activity, sort of simple accounting system records Issued in accordance with the law "on accounting" in the second subparagraph of article 9, paragraph 1 of the i. General questions 1. determines the order in which the sole proprietor, which the zījum RPM (revenue) of economic transactions in the previous report (the taxi information in) less than 200000 dollars, and other physical person who conducts economic activities to the sa (hereinafter person) , sort of simple accounting entry system.
2. the procedure laid down in these provisions shall not apply if the person according to the law "on personal income tax" has chosen not to register in the State revenue service as an economic operator and pursuant to the law shall be made only in operating income records and sorts the records of revenue register, pursuant to the provisions of the law on registry content and the order of the entries.
3. the Person sort of simple accounting entry in the system in accordance with these rules, taking into account the laws and regulations on accounting and sorting organization, as well as in the operations of accounting rules.
4. move the accounting records in the system, the simple accounting records reflect the operating cash flow, its sources and uses of the formation and economic activity and used in economic activity for the state changes to fixed tax calculation needed šamo data, as well as property and current control.
5. If a person is registered to the State revenue service as an economic operator and chosen the option to pay a fixed income tax, as well as in accordance with the law "on personal income tax" take the only operating income accounting in a simple entry system, shall not be subject to the provisions of paragraph 3 and annexes II, III, IV and V to the requirements laid down in chapter. This person manages the revenue accounting records that operating income to count, in chronological order, giving the record a serial number, the date, the Atta connection document number and date, transaction members (natural persons first and last name, the name of the legal entity), a description of the transaction, the transaction amount, and the other required information.

II. Operating income and expenditure accounts 6. operating income and profit-related expenditure is recorded (the record), operating income and expense tracking log (Journal) (annex). You can sort the journal paper or electronically to the registry.
7. prepare the journal entries are made by it, and to contain the information stored in the law "on accounting" accounting records provided for storage.
8. If the journal in paper form, register the journal page number from reporting (tax) year in ascending order, through the cord, on the last page, indicates the number of pages and attested by the signature and the stamp of the person, if any.
9. If the magazine electronic card, ensure its output. Reporting (tax) at the end of the year or, if necessary, before printing the paper in the form of a brooch on the register in chronological order. These prints are not required when used in the preparation of the journal accounting software program meets the regulatory accounting requirements of the law.
10. Log on the following requirements: 10.1. each report (tax) year plant the new journal. Reporting (tax) year specified in the journal, cash balance on hand and non-cash balance accounts of credit institutions (banks) must be equal to the previous report (tax) year end computed and log the specified cash and non-cash balance;
10.2. the entries for each month in which there have been income or expenditure (month), make the new journal page. At the end of the month, calculate the cash balance in the cash balance and non-credit institutions (bank) accounts. At the beginning of the month in the specified log cash balance on hand and non-cash balance accounts of credit institutions (banks) will be equal to the previous month end computed and log the specified non-cash and cash balance;
10.3. at the end of the month in each column of the revenue and expenditure calculation and log indicates the amount of turnover per month, as well as the total amount of the turnover from the beginning of the year;
10.4. entries in the journal shall be based on the dock menu – those excuses Syme economic persons involved in the transaction (the counterparty) issued a justification document (such as a receipt, the State revenue service established in the voucher or ticket, cash contribution or cost justification document), prepare a cash receipt or disbursement slip. If there is no other source document on the amounts received by credit institutions (bank) accounts or from those issued in the journal for recording the amount a person may use this account statements;
10.5. the journal can also be used in the statement of revenue and expenditure of the order registration.
11. Sole proprietor with economic activity-related Cashless settlement used by the credit institution (bank) account.
12. the natural person carrying on economic activities of the credit institution (bank) account can use not only economic transaction settlement. In such a case, the log lists all this account received and issued from it a sum of money.
13. the journal of income and expenditure are recorded (the record) in chronological order. Non-cash revenue received and expenditure made in the journal entry by credit institutions (banks) of the receipt of the account statement, subject to the requirements for the registration of transactions accounting records if the revenue and expenditure is not recorded in the log before the receipt of the statement.
14. the journal of income and expenditure indicated in lats and Sant Ms.
15. Revenues and expenses in foreign currency recalculated in the journal indicates LCY and Sant Ms according to the Bank of Latvia, the foreign exchange rate of the receipt of the revenue or expenditure.
16. If the box or credit institution (bank) account is the money in foreign currency, the conversion in lats and Sant MS Review (taxation) at the end of the year, according to the Bank of Latvia, the foreign exchange rate at the end of the year (course record). If needed, the money in foreign currency, you can recalculate the lats and also Sant Ms at the end of the month, according to the Bank of Latvia, the foreign exchange rate at the end of the month concerned (course record). After the foreign currency balance conversion assessment increase obtained in LCY journal record revenue, but a reduction of the assessment in the journal entry, in LCY.
17. the journal box filled in as follows: 17.1.  1. the column "number of Records" is done in the journal entry number from the beginning of the year;
17.2.2. box "record date" indicates the journal entry date;
17.3. the column "document name, number and date" indicates the source document name, number and date, on the basis of which the entry shall be made in the journal;
17.4.4. "the author of the document, the counterparty (an individual's first name, last name or legal name of the person)" indicates: 17.4.1. received justification document author (preparers) name (natural persons) or the name (legal entities), if the justification of document prepared by another person;
17.4.2. the counterparty or (if there is no counterparty) the person's own name (natural persons) or the name (legal entities), if justification document prepared by the party itself;
17.5. the column "description of the financial transaction" indicates the source document for the information of the economic transactions of a brief description;
10.9. column 6 ' analytical accounting registers no or name "specifies the analytical accounting records (if any) number or name that is also recorded the source document;
17.7.7. ' Which, Ls, received "indicates that the amount of cash received;
11.1. in box 8 "Which, Ls, served" indicates from which the issued cash amount;
11.1.9. ' credit accounts, Ls, received "indicates the credit institutions (bank) accounts the amounts received (non-cash amounts transferred and amounts paid in cash);
17.10.10. box "accounts of credit institutions, Ls, served" indicates from credit institutions (bank) accounts granted a sum of money (a non-cash transfer amounts and cash amounts withdrawn);
17.11.12. column "other means of payment, the EUR, received" indicates revenue that is derived not money, but other things or services (for example, Exchange, clearing transactions);
17.12.12. column "other means of payment, Ls, served" indicates the expenditure committed not in cash, but in other cases or service (for example, Exchange, clearing transactions);

17.13.12. column "income from agricultural production" indicates income from sales of agricultural products, rural tourism services, received the refund of value added tax and excise duty refund, except for the amounts received as State aid to agriculture or European Union aid for agriculture and rural development;
17.14.14. the column "income from other economic activities" indicates income from other economic activities (except agricultural production and rural tourism);
17.15.15. the column "non-taxable subsidies" indicates the amounts received as State aid to agriculture or support from the European Union about the futility and field development and are exempt from personal income tax;
17.16.16. ' other non-taxable income "refers to the rest of the personal income tax is not taxable income (for example, assistance in cases of natural disasters or other exceptional cases where it was provided, based on the State or local authorities of the decision);
17.17.17. the column "income that is not attributable to income tax calculation for" the person borrowing the amount received, the person returned to the loan amounts outside the operating revenues, which a person invests in sa's economic activities and other income that is not attributable to individual income tax calculation. Of value added tax-taxable person in this column indicate the calculated, as well as from the State budget paid back the amount of value added tax; 
17.18.18. box "revenue, Ls, together (13.-17. box)" indicates the total amount of revenue (box 13 + 14 + 15. box box box + 16 + 17. box);
17.19.19. ' expenditure related to agricultural production "expenses, which fully apply to agricultural production and rural tourism services, including the costs incurred in this period, grazing, harvesting, installation of stones, dziļaršan, the holding of regional planning. This box also indicates other expenses that affect agricultural production (rural tourism) for several years (for example, paid rent for several years). This column indicates the State compulsory social insurance contributions paid by the person itself as a self-employed person, if it deals only with agricultural production (rural tourism);
17.20.20. column "expenditure related to other types of economic activities" indicate the expenses associated with revenue from other economic activities. This column indicates the State social insurance compulsory contribution to the knowledge that the person paid for themselves as self-employed person if it does not deal with the agricultural production (rural tourism). This box also seized assets (if the value of the seizures reported revenues) net book value;
17.21.21. the column "in proportion to the expenditure being divided" indicates the costs be distributed among agricultural production (rural tourism) and other types of economic activities, the application of the proportion. If a person engaged in agricultural production (rural tourism), as well as other economic activities, and it is not known exactly what the total expenditure relating to agricultural production and what-to other types of economic activities, it shall be determined in proportion to the revenue referred to in other sectors (in the box at the end of the year accrued expense amount is divided between the agricultural production (rural tourism) and other operating expenses in proportion to the revenue). In this box you can also specify other expenses which a person proportion allocated to operating expenses;
17.22.22. the column "With economic activity related costs" indicates the costs according to the law "on personal income tax" is not treated as such expenses that are directly connected with economic activity (for example, means the person withdrawn from business revenue, so they spent for personal consumption, donations and gifts to other persons, guarantee that person as guarantor shall be paid in accordance with the contract of guarantee);
17.23.23. under "expenses not attributable to income tax calculation for" indicates costs associated with business activities used intangible investment and acquisition of fixed assets (expenditure, which include purchased fixed assets or intangible investment initial value) and in economic activity in the fixed assets used (expenses covered by the same person created the original value of fixed assets), the advance payments that do not apply to reporting (tax) revenue for the year, the amounts of loans the amount of the loan, given away, paid the penalty and absence of money for economic activity population paid income tax and its advances and other expenses that are not related to individual income tax calculation. Of value added tax-taxable person in this box the value added input tax amount and paid to the State budget in the amount of value added tax;
17.24.24. under "expenses, EUR, total (box 19 – 23)" indicates total (box 19 + 20 + 21. aisle + box + 22 box 23).
18. the log in box 13 and 14 indicate that the revenue of the law "on personal income tax" as defined in the business income, but 19, 20 and 21. box the costs that this law defines as operating expenses.
19. a Person engaged in agricultural production (rural tourism), in the distinguished Journal of agricultural production (rural tourism) income and expenditure to be able to calculate income from agricultural production (rural tourism).
20. A Person who is not engaged in agricultural production (rural tourism), the journal 13. aisle and aisle 19 can be used to separate other (different) economic activity, the revenue and expenditure in the Edit column name if the journal in paper records.
21. If the journal sorts electronically, log columns that are not used for recording, of economic transactions can not. Such a journal may be supplemented with new aisles to record another person the additional information required.

II. Fixed assets and intangible investments and depreciation accounting 22. In economic activity in the fixed assets to be used (if any) and intangible assets (if any) and the depreciation in the accounts person in these terms, the law "on personal income tax" laws and regulations "on corporate income tax rules and in accordance with those completed in the form of depreciation.
23. the assets considered as real property units (such as land, buildings, building, permanent plantations) and real property units, which use the valid time is longer than a year, and the initial value is greater than 300 lats (such as plant or its equipment, technique, machine or equipment, vehicle, computer, copier).
24. On intangible investments considered to pay for the intangible (e.g., patent, license), which is a valid life is longer than one year.
25. Purchased fixed assets or intangible investment initial value include: 25.1. purchase price;
25.2. other direct expenditure;
25.3. the received loan interest paid for the period up to the commencement of the life of the object (hereinafter referred to as the commissioning).
26. Other purchased direct expenditure for the asset is an asset, such as delivery charges to its use, the asset preparation intended use, as well as customs duties paid.
27. the same Person created the original value of fixed assets include costs directly related to the creation of fixed assets (construction or building) and the commissioning training (such as material costs, wages and social security payments, the establishment of fixed asset depreciation of fixed assets used in, pay for services received). The original value also includes the interest up to commissioning of the fixed asset for the fixed asset for creating paid received loans.
28. If a fixed asset acquired in the order laid down in the restoration, the original value shall be determined in accordance with the laws and regulations of the law "on personal income tax" the application of the rules of procedure.

29. If the economic activity of a person as fixed asset investment (from use) of personal property purchased or created before the commencement of business, giving the property to the acquisition or creation of expenditure amount to its acquisition or creation time received in the source documents, such as the original value of fixed assets is considered the residual value of that property on the date when the asset is invested (by) economic activity. The residual value is calculated in accordance with the law "on enterprise income tax" in article 13, taking into account the number of months until the asset is starting to use Syme economic activities.
30. If the economic activity is not used for fixed asset acquisition, the document or documents justifying the same person created the original value of the asset or the asset value has not been determined in accordance with paragraph 28 of these rules, as well as if a fixed asset obtained donation, gift or inheritance, it may list only in kind (free evaluation in monetary terms).
31. If the economic activity is used in a fixed asset acquired as gifts that you receive a paid individual income tax, then the following fixed asset lists the gift value specified in the contract. The original value of the asset is the gift value specified in the Treaty. The residual value is the date when the asset is invested (by) economic activity, calculated in accordance with the law "on enterprise income tax" in article 13, taking into account the number of months to the date of start to use the fixed asset economic activity.
32. If the person incurred expenses related to commercial activity of used fixed asset (also if it counts only kind) made improvements to its restoration, or reconstruction, which significantly increases the production potential of this asset or lengthen life, such expenditure is recorded and amortized in the same order that's defined in the appropriate fixed asset in accordance with the law "on enterprise income tax" article 13.

IV. the stock records 33. Stocks of raw materials, materials considered, unfinished products and preparations, the products and the finished products, goods for sale, working animals and food-producing animals.
34. the purchased inventory are valued at acquisition value (purchase price). Own the inventory estimates the cost of production or below the price in the market.
35. The inventory of a person can be analytical accounting equipment (hereinafter referred to as the inventory register), freely choosing the type of registry (for example, magazine, card) and sort it (by making entries in the register or paper sorting them electronically).
36. If the inventory register of equipment inventory, purchased at about each item unit indicates the following: 36.1. record the serial number;
36.2. the record date;
36.3. justification document name, number and date;
36.4. the author of the source document or the counterparty (an individual's first name, last name or legal name of the person);
22.7. the inventory unit name;
22.7. the quantity and value at the beginning of the month (a balance at the beginning of the month is equal to the remaining balance at the end of the previous month);
22.8. month received the quantity and value of inventory;
22.9. spent the month inventory quantity and value;
22.9. the inventory quantity and value at the end of the month;
36.10. marks for items purchased pay per month or for items not yet paid to the vendor (from the paid purchased the balance of the item values at the beginning and end of the month);
36.11. other information (by personal choice).
37. If the inventory register of own-produced equipment inventory, it indicates the same information as for the purchased inventory, with the exception of information about a month (produced) received and spent the own value as well as the value of this inventory at the end of the month. The inventory of the own value is calculated and entered in the register at the end of the year.

V. other accounting records 38. According to the special characteristics of economic activity can also be other equipment accounting logs, free to register the type choosing (such as magazine, card) and sort it (by making entries in the register of the paper or electronically sort). For example, the analytical accounting records of accounts receivable (if any) accounting (receivables accounting records), accounts payable (if any) accounting (accounts payable accounting records), and the wages of employees (if the person is using paid labour), tax paid or contract.
39. Concerning receivables considered personal claims from other persons-customer (for example, customers, recipients, beneficiaries of loans to tenants) — outstanding or loaned money or other things, as well as the State budget or local budgets pārmaksāto taxes and fees.
40. the vendor shall be considered as personal debt obligations to other persons-creditors (such as banks, suppliers, service providers, employees), the outstanding loan or cash or other things, as well as the debt to the State budget or local budgets on tax and duty.
41. A Person who has chosen to sort the register of the account receivable and accounts payable accounting register, respectively for each customer or vendor debt indicates the following: 41.1. record the serial number;
41.2. the record date;
41.3. justification document name, number and date;
25.7. the author of the source document or the counterparty (an individual's first name, last name or legal name of the person);
25.8. economic deals;
25.8. current balance amount at the beginning of the month (the amount of the balance at the beginning of the month is equal to the sum of the balance at the end of the previous month);
25.9. month paid debt amount;
41.8. month established debt amount;
41.9. current balance amount at the end of the month;
41.10. other information (by personal choice).  

Vi. Closing questions 42. Be declared unenforceable in the Cabinet of Ministers of 20 March 2007 No. 188 of the rules "the order in which individual entrepreneurs, individual companies, farmers and fishermen holding other natural persons carrying out economic activity, a sort of simple accounting entry system" (Latvian journal, 2007, 50 no).
43. a Person until the date of entry into force of the provisions of the saimn sort the activities in the femur of the revenue and expenditure accounting log, in accordance with the Cabinet of Ministers of 20 March 2007 No. 188 of the provisions of the "procedures for individual traders, individual companies, farmers and fishermen holding other natural persons carrying out economic activity, a sort of simple accounting record in" attachment, you can continue to sort the 2011 this log report (the tax). the end of the year.
44. Persons who up to this date of entry into force of the provisions of the original value of fixed assets considered the market value of the fixed asset listing day, it continues to list this on the original asset value and calculate its depreciation by applying the laws and regulations of the law "On enterprise income tax" rules of application of the rules, and in accordance with those completed in the form of depreciation.
45. the rules shall enter into force on July 1, 2011.
Prime Minister v. dombrovsky Finance Minister e. Repše Editorial Note: the entry into force of the provisions by 1 July 2011.

 
Annex to the Cabinet of Ministers of 13 October 2009. Regulations No 1160 Finance Minister e. Morgan