The checkerboard implies a form of reflection and periodic changes in accounting records in the framework of synthetic correspondent accounts. It contains the total amount of business homogeneous transactions. As a rule, the chess sheet is drawn up in the form of a table.
Instructions
Step 1
Create a table in the form of a mathematical matrix. Then arrange all debit entries on the lines that are horizontal. Fill in the information on the loan vertically, by the columns of the matrix.
Step 2
Form the columns and rows of the matrix using the codes for each account. This coding should be provided for by the counting plan. This will allow you to see the necessary correspondence of accounts for each specific element of the matrix. For example, 41 accounts "Products". Its debit turnover will represent the matrix row (its total value). At the same time, it can be seen in the columns: from which turnovers on credited (offsetting) accounts this turnover is formed. The line total is the sum of the accounts to be credited. This approach creates a complex (compound) wiring:
- account 41 debit "Goods";
- account 60 credit "Settlements with contractors and suppliers";
- account 42 credit "Trade margin";
- account 75 credit "Settlements with founders".
Step 3
It is possible to include other accounts as well. In addition, if you set yourself the task of controlling the internal movement of goods between certain, financially responsible entities, then make a note: 41 "Goods" credits.
Step 4
Complete the rows and columns with the given opening balance values. In this case, using this matrix, you can easily calculate the final balances (balances).
Step 5
Calculate the totals of the matrix. They must contain 3 control equalities:
- the sum of the initial (debit) balances of all accounts, which will be equal to the size of the sum of the credit (initial) balances of the same accounts;
- the amount of debit turnovers for all accounts, which will be equal to the amount of the amount of credit turnovers of these accounts;
- the sum of the debit (final) balances of all accounts, which will be equal to the value of the sum of the credit (final) balances of the same accounts.
