Management accounting of finances

Organization of management and financial accounting

The organization of management and financial accounting begins with a clear distinction between the goals, methods and tools of accounting. Let's consider each area separately.

Financial accounting aims to generate reports for various entities, these may be: banks, government agencies, company management. When maintaining, it is necessary to comply with state and international standards, record transactions using the double entry principle, use various reporting periods, and apply strict regulations.

Management accounting of finances

Management accounting of finances is focused on internal users, these can be executives or managers. The features of this accounting include: flexibility in the application of various methods, the formation of reports in a convenient format for users, conducting analysis by products, clients and branches, conducting activities in individual areas, prompt adaptation to the applied methods.

Financial management accounting system

The financial management accounting system can combine these two important areas into a single whole. Software from the USU company will help you with this. Let's consider the main features.

Through the USU platform, you can implement accounting, in fact, with its help you can collect all important financial indicators. In this way, you can automate work with assets, liabilities, income and expenses.

Based on the collected data, it is possible to generate reports. This includes: preparation of a balance sheet, profit and loss statement, and cash flow statement.

Financial management accounting software

Financial management accounting programs will allow you to register settlements with counterparties, monitor accounts receivable and accounts payable. Software from USU will allow you to control cash transactions: register all receipts and expenditures of funds.

For employees, you can perform payroll calculations: salary accrual, deductions, tax deductions, etc. If necessary, you can implement inventory work and control assets through the software, conduct accounting processes for fixed assets and inventory items.

Maintaining financial and management records

Maintaining financial and management accounting is intertwined with budgeting. The software can be used to form and control budget execution by departments, projects, and areas. It is also possible to pay attention to profitability analysis: calculations and analysis of marginal income and break-even point. The platform can be used to monitor expenses: in this case, variable and fixed costs will be analyzed. Based on data from previous periods, it is possible to plan financial flows and forecast income and expenses.

Crm for financial management accounting

Crm for financial management accounting will allow you to analyze the effectiveness of departments, you can evaluate the activities of individual departments or business areas. You can also conduct financial modeling, in this case you can build scenarios and forecast financial indicators. Also, through the platform you can analyze the cost structure of products or services.

Management accounting financial program

The software from USU has the ability to integrate with banking systems. This enables the coordination and exchange of data, and better work with payment documents. It is also possible to implement multivalent management: perform automatic recalculation of rates and analysis of currency transactions. Through the software from USU, you can work with various types of reports and dashboards. Such data visualization will be useful for making management decisions. We also offer you automation of document flow, you will be able to generate and store financial and management documents. With the software from USU, you can implement monitoring of financial risks, for example, by analyzing debt and creditor load.

The financial management accounting program can be maximally adjusted to your processes. It does not matter whether the company is large or small, we will provide you with all the necessary functionality. We invite you to send a request for a presentation right now, we will tell you about even more possibilities of our system.