Daily analysis of the enterprise's solvency
Posted: Sun Jan 19, 2025 10:32 am
The daily control of the solvency of enterprises includes monitoring the repayment of debt to other companies. For these purposes, a special payment and transfer plan is created and deviations from it are monitored, in addition, the balances on accounts 51 (settlement) or 52 - currency are monitored.
In addition to maintaining a payment plan, it would be quite logical to also maintain a payment calendar, which will include both the company's income and expenses. Such a document should be maintained daily, identifying possible shortcomings and their causes the next morning. This is what a typical payment calendar should look like:
Item No. Title of articles Counterparty name Purpose of payment Amount, RUB Availability of overdue payments Note
1 PAYMENTS
1.1 Raw materials and marketing with stockholder database supplies Beta LLC payment for the delivery of bearings according to invoice No. 1 dated 01/16/2022 27 300 - -
1.2 Raw materials and supplies OOO Gamma payment for delivery of C-14 nuts according to invoice No. 2 dated 12/23/2022 5700 - -
1.3 Electricity Electricity sales electricity bill for february 15 400 - -
1.4 Thermal energy Heat supply payment for heat energy for February 17 200 - -
1.5 Water supply Water supply water supply payment for January 4800 - -
1.6 Chancellery OOO "Omega" monthly purchase of office supplies 31,000 - -
TOTAL consumption 101 400
2 RECEIPTS
2.1 Sales of products OOO Prima payment for work under contract No. 212 dated 02/14/2022 74 100 - -
2.2 Sales of products JSC "Context" payment for work under contract No. 74/11 dated 11/16/2022 37 400 - -
TOTAL income 111 500
3 Excess of payments over receipts -
4 Excess of receipts over payments 10 100
Therefore, on the morning of 17.01.2022, the company's account should have about 101,400 rubles. If it is different, you should expect payments that counterparties will send, possibly at the end of the day, since the transfer time usually ends at 16:00. Unsent funds will be carried over to the next business day. This is why you need to monitor the payment calendar daily. The account balance for the current day is called the opening balance.
In the absence of receipts that will be reflected in the debit of current account 51, the company risks incurring debts to counterparties.
How to improve solvency and liquidity indicators
Practice shows the mass desire of enterprises to increase their own solvency and liquidity. There are many ways to do this. For example, budgeting finances will help reduce the percentage of costs in the production process. Among other things, calculating the cost of a product or raw materials and planning will help. The sale of last year's stocks, equipment and materials will provide an excellent opportunity to increase the company's solvency with a future perspective. Among other things, for any organization, a profitable solution would be to transfer or cancel investments from its own capital.
In addition to maintaining a payment plan, it would be quite logical to also maintain a payment calendar, which will include both the company's income and expenses. Such a document should be maintained daily, identifying possible shortcomings and their causes the next morning. This is what a typical payment calendar should look like:
Item No. Title of articles Counterparty name Purpose of payment Amount, RUB Availability of overdue payments Note
1 PAYMENTS
1.1 Raw materials and marketing with stockholder database supplies Beta LLC payment for the delivery of bearings according to invoice No. 1 dated 01/16/2022 27 300 - -
1.2 Raw materials and supplies OOO Gamma payment for delivery of C-14 nuts according to invoice No. 2 dated 12/23/2022 5700 - -
1.3 Electricity Electricity sales electricity bill for february 15 400 - -
1.4 Thermal energy Heat supply payment for heat energy for February 17 200 - -
1.5 Water supply Water supply water supply payment for January 4800 - -
1.6 Chancellery OOO "Omega" monthly purchase of office supplies 31,000 - -
TOTAL consumption 101 400
2 RECEIPTS
2.1 Sales of products OOO Prima payment for work under contract No. 212 dated 02/14/2022 74 100 - -
2.2 Sales of products JSC "Context" payment for work under contract No. 74/11 dated 11/16/2022 37 400 - -
TOTAL income 111 500
3 Excess of payments over receipts -
4 Excess of receipts over payments 10 100
Therefore, on the morning of 17.01.2022, the company's account should have about 101,400 rubles. If it is different, you should expect payments that counterparties will send, possibly at the end of the day, since the transfer time usually ends at 16:00. Unsent funds will be carried over to the next business day. This is why you need to monitor the payment calendar daily. The account balance for the current day is called the opening balance.
In the absence of receipts that will be reflected in the debit of current account 51, the company risks incurring debts to counterparties.
How to improve solvency and liquidity indicators
Practice shows the mass desire of enterprises to increase their own solvency and liquidity. There are many ways to do this. For example, budgeting finances will help reduce the percentage of costs in the production process. Among other things, calculating the cost of a product or raw materials and planning will help. The sale of last year's stocks, equipment and materials will provide an excellent opportunity to increase the company's solvency with a future perspective. Among other things, for any organization, a profitable solution would be to transfer or cancel investments from its own capital.