Надежная программа для учета финансов
Money comes in and goes out, but how much there really is — unclear? Cash and bank live separately, some payments are in your head, someone owes you, you owe someone — and there’s no single picture. As a result you can miss a cash gap until there’s nothing to pay salaries or a supplier with.
Financial accounting is the control of all the business’s money: how much is in accounts and cash, who owes whom, where funds move. ERPJS financial accounting software brings cash, bank, payments and debts into one system. Below — what financial accounting includes and how to set it up.
What is financial accounting and why does a business need it?
Financial accounting is the systematic control of money movement: receipts and expenses through cash and bank, settlements with clients and suppliers, account balances. It answers simple but critical questions: how much money there is now, how much is expected and whether it’s enough for obligations.
Without financial accounting a business manages money blind — hence cash gaps, forgotten debts and a sudden «nothing to pay with». Systematic accounting makes money movement transparent.
What does financial accounting include?
Full financial accounting covers four areas:
Cash and bank
All accounts and cash registers in one place. Receipts and expenses are recorded, the balance is visible in real time.
Payments
Client and supplier payments tied to invoices and orders. You see what's paid and what isn't.
Receivables
Who owes you and how much — by client, accounting for prepayments and partial payments.
Payables
Who you owe and how much — debt to suppliers with payment due dates.
How do you control who owes you and whom you owe?
Settlements are the sorest spot of small-business finance. Financial accounting gives two key pictures:
- Accounts receivable. How much clients owe you, broken down per client, accounting for prepayments and partial payments. You see who to remind about payment.
- Accounts payable. How much you owe suppliers and when payment is due. Helps not to miss a payment and to plan expenses.
Together they show the real financial state: not just how much money is in the account now, but how much there will be accounting for debts in both directions.
How is financial accounting done in ERPJS?
In ERPJS money is accounted for through cash, bank and settlements, linked to sales and purchases:
- Receipts and expenses are posted through cash or bank — the account balance updates immediately.
- Payments are tied to documents — a payment closes a specific invoice or order, so the debt is calculated automatically.
- Reports on money and debts are built from operations — cash, receivables, payables are always up to date.
Financial accounting is the operational foundation on which management accounting with profit and profitability is built. How to move from Excel to systematic financial accounting — in the article Financial Accounting: From Excel to the General Ledger.
Financial accounting in ERPJS brings cash, bank, payments and debts into one picture: how much money there is, who owes you and whom you owe. No cash gaps and no forgotten payments — money movement is transparent in real time.
Why is it better than financial accounting in Excel?
In Excel cash, bank and debts live in separate tables that don’t reconcile with each other. A payment entered in one, forgotten in another — and the money picture is already wrong. Calculating who owes how much can only be done by hand, and always with a delay.
In software every payment immediately changes the balance and closes the debt, and money reports are built on their own. You see the real state of accounts and debt without manual reconciliation.
Who is it for?
Financial accounting in ERPJS is needed by any business that works with money and deferred payments:
- Trade (wholesale, retail, online stores)
- Services
- Manufacturing
- Businesses with receivables and payables (deferrals, prepayments)
Frequently asked questions
What is financial accounting in simple terms?
It’s the control of all the business’s money: how much is in accounts and cash, who owes whom, how funds move. Financial accounting shows the real money state and helps prevent a cash gap.
What does financial accounting include?
Cash and bank accounting, client and supplier payments, accounts receivable (who owes you) and payable (whom you owe), account balances. All of this is linked to sales and purchases.
How does financial accounting differ from management accounting?
Financial accounting is about money operations: cash, bank, payments, debts. Management accounting is about analytics for decisions: profit, profitability by line. The first shows money movement, the second the economics of the business. They complement each other.
How do you keep accounts receivable?
In the software a client’s debt is calculated automatically: an invoice creates the debt, a payment closes it. You see who owes how much, accounting for prepayments and partial payments, per client.
Can you keep several accounts and cash registers?
Yes. The number of accounts and cash registers is unlimited — they’re all in one system, with balances in real time. Money transfers between accounts are documented.