Internal accounts are accounts used within an enterprise to truly reflect all business activities and financial status, mainly for the management of the enterprise. In addition to basic bookkeeping, accountants also need to analyze statements, calculate expenses, and communicate with different departments of the company. The internal account can be said to be the internal management account of the enterprise, and it is not necessarily the two sets of accounts formed by concealing income and evading taxes.
There are various reasons for companies to set up internal accounts, for example, if company A needs financing now, investors want to know what the business scale, growth potential, and competitive advantage of company A are on a certain platform or market. At this time, the boss needs to provide relevant financial report data, and the internal management account at this time needs to refer to an indicator - GMV. GMV is the total amount of transactions, which includes sales, freight revenue, gift wrapping revenue, return discounts, taxes and so on, these data may not be presented in this way in the standard financial statements, but it is crucial for internal management accounts, usually accounting processing sales refund discounts are to offset income, taxes are also to be stripped out, so that the accounting method will be different, but it will not affect the accounting results, Therefore, the setup and use of internal management accounts are set up based on the specific needs of the company, which is very flexible, and is intended for internal management of investment and decision-making needs. As I said earlier, internal accounts do not necessarily refer to two sets of accounts.
If you want to do a good job in the internal accounts of the enterprise, financial friends should work hard from the following directions.
1. Clarify goals and needs.
I said it earlier. The setting and use of internal management accounts are based on the specific needs of the company, so when doing internal accounts, finance first needs to clarify the goals and needs, for example, if the goal of internal accounts is to control the cost of the enterprise. Then the internal account should be able to track various costs in detail.
2. Establish an accounting system.
Design a set of accounting system suitable for the internal management of the enterprise, including accounting subjects, account book settings, accounting rules, etc., this system can clearly reflect the operation of the enterprise, and is easy to understand and operate.
3. Formulate internal control processes.
Strict internal control processes are in place, including authorization, approval, recording, and verification, which is also to ensure the accuracy and security of internal accounts.
4. Choose the right accounting software.
This is also to improve the efficiency and accuracy of internal account processing, and when choosing software, it is necessary to consider the function of the software to meet the needs of internal accounting, and whether it is easy to operate and maintain.
5. Adjust in a timely manner.
Enterprises are constantly changing, and the unchanged internal account management is not able to meet the development of the enterprise, and the finance also needs to be adjusted and optimized in a timely manner according to the changes in the development and management needs of the enterprise.
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