In the course of its activity, the enterprise is in a continuous process of decreasing and increasing the attracted or retired funds. Operational management of business processes and control over the change in the amount of funds is carried out through the opening of accounting accounts.
Instructions
Step 1
Open separate accounts for each accounting object. Consider the economic assets of the enterprise in the accounts "Inventory", "Fixed assets", "Cashier", as well as "Low value and wearing items."
Step 2
Consider the sources of economic funds to accounts "reserve capital", "authorized capital", "short-term loans", "retained earnings", as well as "settlements with contractors and suppliers". Open accounts "Income from sales" and "Production" for business processes.
Step 3
Keep track of the movement of funds on individual accounts. For this, a special two-part table is created. The left side of the table is called debit and the right side is called credit. Show separately the increase and decrease in the assets of the enterprise.
Step 4
Open new accounts, receiving the results of business transactions for the reporting month, i.e. from the first to the last day of the month. The number of accounts must match the size of the accounting objects. Record them on the basis of primary accounting documents.
Step 5
Separate accounts into active and passive. Active accounts characterize the accounting for changes and the availability of economic assets. In this case, the increase in expenses is recorded in the debit, and the decrease or write-off is recorded in the credit.
Step 6
Open active accounts based on the Balance asset for the last day of the previous reporting month. A liability indicates a record of changes and the availability of funds by the organization and is recorded as a mirror image of the asset. Thus, opening a loan means an increase in expenses, and opening a debit means a decrease. Passive accounts are maintained for the liabilities of the Balance for the previous reporting month.
Step 7
Maintain a double record to monitor the movement of sources and organizational assets. This linking process is called account correspondence or accounting entry, and the accounts themselves are called correspondent accounts. Create accounting entries based on the structure of passive and active accounts. First, open a debit of one account, then a loan of the second.
