Financial accounting

Financial accounting

Financial accounting is an indicator of the financial and economic activity of a company. It is provided by systematic collection, registration and processing of information on the activity of a specific enterprise. The final product of the process is reporting for internal and external use.

Financial accounting is characterized by the performance of certain tasks, the first of which is the registration of transactions. This includes: receipt, expenditure, purchase of assets and others, that is, all transactions reflected in accounting documents. Formation of reports, control over assets and liabilities, compliance with standards and requirements are other tasks. How to implement all this in the best possible way? You need to use automated systems, we will tell you about the functions of one of them today.

We propose to implement financial accounting through the USU software. Next, we will consider the main features in the context of financial management capabilities. In the USU software, you can register all transactions related to cash. This includes: maintaining cash transactions: receipt, expenditure, balances, cash book.

Through the USU, you can register and control transactions on current accounts, work with bank statements and payments. Through the software, you can conduct professional cash management and analyze the movement of funds.

The USU program will provide you with functions for accounting. When implementing certain operations in the system, automatic postings will be generated. Using the platform, you can track income and expenses, work with the general ledger and accounting reports. When maintaining financial accounting, control of settlements is important, USU will allow you to implement it. You will be able to control settlements with suppliers and customers, control accounts receivable and payable, manage payments and invoicing.

Financial accounting of expenses

Financial accounting of expenses is related to their monetary component. For this purpose, expenses can be recorded in the program, this can be done by distributing them into cost items, then it is easy to determine how much was spent on a particular area.

Working with financial reporting is associated with the formation of reports. For example, this could be: a balance sheet, a profit and loss statement, a cash flow statement. In the UCS, these reports are formed automatically when defining the criteria and period. It is possible to automatically update the report forms in accordance with changes in legislation.

Through the software from USU, you can register all fixed assets and intangible assets of the company. This includes registration and work with depreciation of assets. In this case, a variety of transactions with fixed assets will be implemented: acquisition, modernization, disposal. Accounting of wages and tax calculations also take place in financial activities. Through USU, you can automate settlements on wages, bonuses and vacation pay. You can register tax payments and insurance premiums. You will be able to generate payment documents and reports for financial accounting of expenses.

Financial accounting and analysis

Financial accounting and analysis via UCS can be carried out at 3 main levels of complexity: from simple to deep. Depending on your needs, we can provide you with the required format. Through the software, you can conduct financial analysis: profitability, liquidity, working capital, etc. You can also form forecasts and budgets, plan income and expenses.

The USU is equipped with integration capabilities, for example, with banks, electronic document management systems, trading platforms, equipment, etc. Online banking support and bank statement downloading, data import and export can be provided.

In financial accounting and analysis, flexibility and customization are important. With USU, there is a quick adaptation to the specifics of the business, customization of analytical reports, support for multi-company accounting and multi-currency. We are ready to offer you more, we invite you to watch the video on our website and see for yourself. A trial version is available for download. USU - provides modern automation capabilities at affordable prices.