Accounting control procedures of liabilities to suppliers and contractors

Abstract

Introduction. Supply is the basic process of providing of enterprise statutory activity. Payments to suppliers and contractors are its integral part. The effective control ensuring over such object of accounting helps to increase the probability of execution of the payment calendar.

Purpose. The article aims to systematize the process of accounting for payments to suppliers and contractors in order to control in terms of ensuring payment discipline.

Results. Basic regulations, which become the methodological basis of the payments to suppliers and contractors, have been systemized. Objects of accounting in the delivery process have been actualized. A systematic approach to the identification of the account in the supply has been used. The main stages of calculation processes, control operations have been determined. The basic steps for monitoring the payments to suppliers and contractors have been defined. They are the formation of methods of accounting control procedures of commitments, implementation of information database, and establishment of the correctness and completeness of documentary software installation, accuracy of recording the facts of commitments changes, examination of timely cancellation and termination of liabilities. The basic elements of controls of payments to suppliers and contractors have been determined. They are objects and subjects. Sources of information provision of control of calculations with suppliers and contractors are systematized. Improvement of the process of payments to suppliers and contractors is the basis for process of control. The relationship of these steps of  accounting work requires constant improvement and refinement in accordance with the changes of legal security and environmental conditions.