Where to keep track of finances

Why keep track of your finances?

Why keep track of finances in a company? This important process is simply necessary for controlling expenses. Financial reports show where the money goes and the directions for optimizing expenses. It also allows you to plan your budget. Thus, you can determine how much you can spend, save or invest. With the help of accounting, you can achieve financial goals. Accounting allows you to see the progress in accumulation and available reserves for the stability and security of the business.

How to keep track of your finances correctly?

Detailed financial accounting can help avoid debt. Careful planning, tracking trends will allow you to stop spending in time or take protective measures against unplanned expenses. You will also be able to assess financial stability, see how much free money remains after covering mandatory expenses. Financial accounting helps plan how the company's budget will change, taking into account an increase in income or expenses.

Control over finances gives confidence that the company will cope with market fluctuations. How to properly keep track of finances? It is necessary to take into account the norms of legislation and use automation for correct and high-quality accounting.

Where to keep track of finances?

Where to keep track of finances? We recommend that you use professional software from the company USU. It is suitable for managing processes for a small and large company, while you can use simple and complex functional capabilities.

Financial accounting notebook

The financial accounting notebook has long been outdated, manual maintenance is impractical and time-consuming. Also, such maintenance is not acceptable from the point of view of legislation: it is necessary: specific data, necessary templates of financial documents (receipt and expenditure orders, cash book, payment orders, etc.).

Let's consider the capabilities of the UCS for managing financial processes. First of all, this is cash management. The software can be used to register cash flows in cash and bank accounts. The UCS can be used to maintain electronic journals of cash transactions, control balances in accounts and cash, and multi-currency management (automatic currency conversion can be provided).

Where to keep track of personal finances?

Where to keep track of personal finances? This can also be done in the USU software, only in a simplified version. For example, you can mark income and expenses. You will be able to keep records of all income and expense transactions with the ability to classify by items. Also, automatically distribute expenses by projects, departments or budget items. After that, you can easily analyze the structure and dynamics of expenses and income.

Financial accounting journal

The financial accounting journal in the UCS is maintained in electronic form, with the ability to print. Through the software, you can manage budgeting and planning: create a budget, compare actual indicators with planned ones, and analyze deviations. In general, through the UCS, you can manage financial flows: plan receipts and payments.

Where should the organization's finances be kept?

Where to keep track of the organization's finances? In the USU system. Among other things, you will be able to manage accounts receivable and accounts payable, register and control the debt of customers and suppliers. Through the USU, you can organize a system of reminders on payment deadlines, generate reports on accounts receivable and accounts payable.

Computer program for financial accounting

The computer program for accounting of finances from USU can provide you with the ability to work with many financial reports. For example, you will have access to: profit and loss report, balance sheet, cash flow report, profitability, marginality, payback and others. You will be able to build graphs and charts to visualize financial information.

The system is equipped with capabilities for document flow automation: you can work with payment documents (invoices, consignment notes, acts), cash and others. You can even provide automatic filling of details, calculations and commissions. We are ready to provide you with more opportunities, find out about it right now.