The aim of the work is to review the existing system of state agricultural institutions financing and develop new methodical and methodology basis and practical recommendations on income accounting from off-budget sources of financing. State agricultural institutions, as all institutions of the educational system, due to the absence of required budget for normal work and providing public services oblige to engage in extra-budgetary activities. Therefore, the authors propose to add analytical accounts to the code and type of synthetic account. These accounts enable to record incomes for each activity at every faculty. The authors proposed to add to the account 020530000 “Calculations on Incomes from Paid Works, Services” a group of analytical accounts which allow state agricultural institutions showing a profit from business activities by type of income, as well as by each faculty. Furthermore, the classification for analytical accounts to the account 040110130 “Income from Paid Services” and to the account 020530000 “Calculations on Incomes from Paid Works, Services” were proposed. This classification facilitates proper scheduling for incomes and the work of an accountant when estimating the tax base and income.
Keywords: budget institutions, accounting, income-generating activities, analytical account, accounting entry, accounting of incomes and calculations from off-budget sources of financing, extra-budgetary funds.
