Money accounting table

How to keep track of money correctly?

How to keep track of money correctly? To do this, first of all, you need to choose an accounting method, it can be cash or accrual. With the cash method, all expenses and income are reflected based on the fact of receipt or write-off of funds. With the accrual method, liabilities are recorded even if the cash has not yet arrived at the cash desk or has not been paid out.

Money accounting table

A spreadsheet for accounting of money can be implemented using a paper journal or an Excel spreadsheet. This method is quite labor-intensive. In paper journals, it is necessary to keep detailed records of the transaction: from whom the cash came, in what quantity, the reason, and so on. It is also necessary to fill out a receipt document form for the client, keep part of it in the company, and give the other part to him. At the end of the month, it is necessary to summarize, forming a cash book and again, this must be done manually.

Accounting for money in Excel

Accounting for money in Excel is a little simpler and better, because the printed information has a more readable form (not handwritten). This applies to incoming and outgoing documents, as well as the cash book. When maintaining electronic and paper formats, there is a risk of distortion of information, a lot of time is spent on manual filling and there is no opportunity for operational analysis of processes.

Money accounting journal

It is best to keep a cash register journal through an automated system from the USU company. In this program, cash management, settlement accounts and other processes will proceed automatically and promptly, while at the same time complying with all norms and standards. The USU software offers functions for managing other accounting processes.

Electronic money accounting

Electronic accounting of money involves separating the cash desk and the current account. For control, the software records the full scenario of operations, it is reflected in the cash book, if necessary, it can be requested at any time. When registering non-cash transactions, you can conduct separate payments to the bank, transfers and settlements with various counterparties.

To keep track of cash flows correctly, you need to keep track of your accounts receivable and accounts payable. This can be done by invoicing your customers on time and tracking your debts.

Ready-made tables for accounting of money expenses

Ready-made tables for accounting of cash expenditure are implemented in the USU system. There is no need to make adjustments to them, these forms are created according to standards and are very convenient to fill out. Thus, it is very easy to keep a cash register in the system, you just need to go to the required module, create a document, select a counterparty, specify the reason and amount and carry out the operation.

The software will automatically generate a receipt document and a cash book. Also, when working with sales, you can simplify the process as much as possible: when conducting sales and receiving cash by bank transfer, all transactions will be instantly processed and the necessary documentation will be generated. This will significantly reduce the time.

Download a spreadsheet for accounting money

Process management through automation has great advantages over manual management. These include time savings, compliance with standards, a readable document, data accuracy and transparency, the ability to automatically generate documentation, and full analysis. With the use of automatic algorithms, it has become very easy to analyze operations.

For example, in USU you can control how much cash is in the cash register and in the current accounts, who owes you and how much, and maybe your company owes you, you can determine the turnover and other important indicators and categories. You can learn more about this from the recommended video review.

You can download a trial version of the money accounting table from our website, so you will get not just a register, but a full-fledged program, which in turn will help manage other processes. We offer users to familiarize themselves with the practical materials of the site, the system also includes an interactive instruction. The platform can even be used on a cloud basis. The USU will allow you to account, maintain, control, analyze in a user-friendly format.