Branch Accounting & Reporting
Branch accounting is a bookkeeping system in which separate accounts are maintained for each branch or operating location of an organization.
What is Branch Accounting?
Branch accounting is a bookkeeping system in which separate accounts are maintained for each branch or operating location of an organization. Typically found in geographically dispersed corporations, multinationals and chain operators, it allows for greater transparency in the transactions, cash flows and overall financial position and performance of each branch.
Branch accounts can also refer to records individually produced to show the performance of different locations, with the accounting records actually maintained at the corporate headquarters. But the term usually refers to branches keeping their own books and later sending them into the head office to be combined with those of other units.
Branch Accounting Methods
There are several different methods for keeping branch accounts, depending on the nature and complexity of the business and the operational autonomy of the branch. The most common include:
- Debtor system
- Income statement system
- Stock and debtor system
- Final accounts system
Uhasibu wa tawi ni mfumo wa uhasibu ambao akaunti tofauti huhifadhiwa kwa kila tawi au eneo la uendeshaji wa shirika. Uhasibu wa Tawi ni Nini? Uhasibu wa tawi ni mfumo wa uhasibu ambao akaunti tofauti huhifadhiwa kwa kila tawi au eneo la uendeshaji wa shirika. Kwa kawaida hupatikana katika mashirika yaliyotawanyika kijiografia, mashirika ya kimataifa na waendeshaji wa mlolongo, inaruhusu uwazi zaidi katika shughuli, mtiririko wa fedha na hali ya jumla ya kifedha na utendaji wa kila tawi. Akaunti za tawi pia zinaweza kurejelea rekodi zinazozalishwa kwa kibinafsi kuonyesha utendaji wa maeneo tofauti, na rekodi za uhasibu kwa kweli huhifadhiwa katika makao makuu ya kampuni. "Hata hivyo, kwa kawaida neno hilo linarejelea matawi yanayohifadhi vitabu vyake na baadaye kuvipeleka kwenye ofisi kuu ili viunganishwe na vya vitengo vingine.""" Kuna njia kadhaa tofauti za kuweka akaunti za tawi, kulingana na asili na utata wa biashara na uhuru wa uendeshaji wa tawi. Ya kawaida ni pamoja na: - Debtor mfumo - Income taarifa ya mfumo - Hifadhi na debtor mfumo - Mwisho akaunti ya mfumo