What is the Journal of Economic Operations?

All economic transactions performed in the course of the enterprise's activity must be fixed in a special procedure. It is called the Journal of Economic Operations. This document defines the algorithm for reflecting transactions in accounting and tax accounting in the 1C system.

Main tasks of accounting

The first is the formation of data on the economic activities of the company, its assets. And the information should be as complete as possible and have a high degree of reliability. These data are necessary not only to the management of the enterprise, specialists, but also to creditors, as well as investors.

The second important task is to provide both external and internal users with timely information. The above provision is necessary for exercising control over the compliance of the enterprise with the current legislation.

The third task is to prevent the emergence of negative trends in the activities of the business entity, to obtain information on the available potential and reserves, and to prepare a forecast of financial results.

In all this, the specialist is assisted by the Journal of Economic Operations. In addition, the fulfillment of the above tasks contributes to the development of competition. At present, a specially developed regulation, which carries the same name, helps to compile the "Journal of Economic Operations", as well as automated control that allows checking the actions performed by the user for compliance with the provisions of the document.

Business transactions. Their types

Any operation has an impact on the enterprise. There is either a change in the sources of informing the property, or its magnitude. There are situations when both the first and the second occur simultaneously. That is why the Journal of Economic Operations is extremely important. So, there are four basic types of operations. Classification is carried out depending on how they affect the size of the passive and active part of the balance sheet.

Type one

These transactions directly affect the composition of the property of the business entity. In other words, they only affect the asset. At the same time , the balance currency remains the same.

Type 2

This type of operation is the opposite of the first. In this case, there is a change in the sources of education of the company's property. That is, the passive. With the currency also nothing happens.

Type three

In this case, there is a change in the magnitude and sources of property formation. These are exclusively positive trends, that is, an increase. The balance currency also increases, both in the active and passive parts.

Type four

The latter type of operation also affects both parameters, but already in the direction of reduction. The balance currency is reduced by the same amount in both the passive and active parts.

Summary results

From what is shown above, we can draw the following conclusion: "The Journal of Economic Operations" is an important document that allows to unify and systematize information about the activities of the enterprise, provides easier access to data, which is important for making managerial decisions.