Improving chart of accounts of insurance organizations

The article discusses the shortcomings of the existing accounting system of insurance payments, in particular the use of the method of "payment" in reflection of the insurance payment in the accounts, the consequences of which are difference values of accounting and taxation, and the lack of registered targeting insurance payment. It is a reflection of the insurance payment without a specific recipient in the analytical accounts system. The authors propose the introduction of an additional sub-account for the calculation of payables on insurance payments to policyholders (insured persons, beneficiaries), which will result in the accounting system of insurance payments in accordance with the definitions and requirements of the Law of 27.11.1992 № 4015-1 “On the organization of insurance business in the Russian Federation ”. This will eliminate the above-mentioned accounting issues.