Payment accounting is one of the important and indispensable tasks in the business activities of enterprises. So what are the tasks and jobs of payment accounting? The following article of MISA MeInvoice electronic invoice will help you answer this question.
Before learning about payment accounting, you can learn general information about accounting to have an overview of the industry first.
See also: What is accounting ? Salary, skills and terminology
Table of Contents Hide
1. What is payment accounting?
2. The work of the payment accountant
3. Instructions for accounting for basic operations of payment accounting
4. Procedure for performing payment accounting operations
4.1 Procedures for performing operations related to cash disbursement
4.2 Procedures for performing operations related to cash collection
5. Frequently asked questions about payment accounting
5.1 What is payment accounting in English?
5.2 What is payment accounting in English?
5.3 Salary of payment accountant
Conclusion
1. What is payment accounting?
payment accounting
Payment accountant is an accounting staff who france telegram data performs operations related to receipts and payments in cash or by transfer when there are payment needs in the company. Customers can come directly to the company to pay directly to the accounting department or can pay indirectly through the bank.
2. The work of the payment accountant
– Perform management and monitoring they dream of experiencing of revenue in the enterprise:
Directly collect money from internal and external entities of the enterprise such as: collecting capital contributions from shareholders; collecting money from canada email lead cashiers; collecting debts from customers.
Track bank deposits.
Monitor and urge receivables from shareholders who have committed to contribute but have not yet contributed), cashiers, and customers.
Manage accounting operations related to cash flow receipts and disbursements.
– At the same time, responsible for managing and monitoring expenses in the business:
Plan and strategize on payment of debts to suppliers.
Directly perform payment transactions in cash or by bank deposit for suppliers from debt reconciliation, receipt of invoices to checking payment requests , making payment vouchers (payment vouchers , bank debt notices, etc.).
– Cash management:
Monitor the fund’s cash receipts and disbursements and prepare a fund balance report at the end of the period.
Control cashiering.
Work with the cashier to properly disburse funds.
Check funds daily
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3. Instructions for accounting for basic operations of payment accounting
Payment accountants need to perform some basic tasks as follows:
Business transactions arise Accounting Attached documents
Cash collection related operations
Withdraw bank deposits to cash fund Debit account 111
Credit account 112 – Check/Cash receipt/Debit note