Accounting of money

How to keep track of money?

How to keep track of money? To do this, you need to apply certain principles. The first is the separation of personal and corporate finances. The company's money is the company's money, not the owner's. The second principle is related to recording all income and expenses. It assumes the importance of reflecting each financial transaction.

The third principle is related to cash and current account control – it is very important to regularly check balances and not allow a minus. Transparency and reporting is the fourth basic principle. It is related to the preparation of reports for analysis.

Money as a means of accounting

Money as a means of accounting is reflected in the cash and current account accounts. Cash registration involves working with cash. It is very important to maintain a cash book and reflect all receipts and expenses of cash. This also includes the execution of cash receipts and cash disbursement orders. Some companies set a limit on the balance of cash, if it is set, it is necessary to control this process.

Accounting of money

Accounting for money also involves bank registration, if there are current accounts. In this regard, it is very important to register all receipts and write-offs from the account. It is also necessary to divide transactions into categories, for example: salary, payment of utilities, etc. This will be useful for analytics.

It is necessary to conduct regular reconciliation with bank statements and conduct settlements with accountable persons. Also, advance reports should be issued when issuing money to employees for expenses. If unused funds are returned, it is important to keep a record of these transactions.

Accounting for money expenses

There are three main ways to account for cash: manually, using tables and a special program. Manual and using spreadsheets are outdated methods, they are not efficient and allow for errors. With the use of automation, cash management has become an optimized and efficient process that does not require much time and effort, providing opportunities for deep analytics.

For example, software from the USU company can be an excellent solution for managing the company's material resources. Let's consider the capabilities of the system. Working with USU, you can count on functions for registering income and expenses, accounting for money expenses, and reflecting all financial transactions. In the software, you can divide into categories to analyze directions by expenses and income received. In essence, the system generates budget items, and then automatically distributes them.

Accounting of money by objects

Accounting of money by objects involves working with cash, current accounts and counterparties. Using the software from USU, you can keep a cash book, register cash and non-cash funds, control cash limits, and generate receipt and expenditure orders.

When settling accounts with counterparties, you can record debts and payments, control accounts receivable and accounts payable, and implement payment reminders if necessary. To control non-cash payments, you can implement integration with banking operations, load and verify statements, and automatically verify payments.

For control, it is very important to properly organize work with accountable persons, this includes registration of accountable funds, issuing money to employees for expenses, maintaining advance reports, and monitoring the return of balances.

Website for accounting money

Reports are an important component for management. USU Company is pleased to present you with a large number of tools for analytics. For example, you will be able to: generate cash flow reports, analyze the financial condition of the company, forecast income and expenses.

If all financial categories are properly organized and under full control, then budgeting and financial planning can be easily carried out. Here, financial goals are formed, income and expenses are planned, and deviations from the budget are monitored.

Through the USU system, you can automate payments: set up regular and keep reminders about the need to pay, you can provide automatic filling of payment documents. A site for accounting of money can be found in the USU. We offer you a variety of opportunities in this area, each company has different ones, so if you specify specific functions in the request, we will definitely select the best solution for you.