Deepening the communication enterprise fund revenue and expenditure management model

Abstract: "expenditure" of management on the one hand can achieve centralized management of corporate cash, cash holdings to reduce costs, accelerate cash flow, improve fund use efficiency; other hand, can enhance their internal control systems, increase business the quality and level of financial management. Based on the revenue and expenditure management application in the communications business, revealing communications companies to build revenue and expenditure of the principles and attention to the issue and look forward to other similar businesses can be Inspiration.

Keywords: revenue and expenditure; management; communications company
Income and expenditure of the Government to strengthen financial management and fiscal consolidation order on the financial resources to take a management model. Currently, many enterprises have adopted large group "expenditure" of funds management, communications, business is not exception. revenue and expenditure management is the most prominent features of the funds of the enterprise-wide centralized management, reduce capital cost of ownership, accelerate cash flow, improve fund use efficiency.

Enterprises to build, "expenditure" of funds management model has several basic principles: one is a clear division of income and expenditure of funds flow of funds, non-cash income or sit; the other is to ensure that revenue funding in a timely, safe, full land withdrawn from circulation, and can implement effective centralized management to reduce the cash holding costs, accelerate cash flow; The third is the profit goals of enterprises, develop a reasonable budget arrangements are necessary to maintain business continuity best cash balance. According to the above principles, telecommunications companies, "expenditure" requires the implementation of income, household expenditure management, revenue in the local bank accounts were established and expenditure account, shall not carry out the transfer of funds between each other. imputation income account, including income and the general revenue account Account: Income imputation accounts for foreign receivables, periodic internal imputation of income and funds paid to the parent company; general revenue account for the income of foreign receivables and imputation accounts on a regular basis to allocate funds. expenditure accounts, including operating expenditure account capital expenditure accounts and other accounts of expenditure must be established. Provincial Communications branch of the municipal administration and expenditure, the income the full amount paid, expenditure of funds allocated by the budget. City branch of subordinates COUNTY Companies reimbursement system management.

To ensure the orderly operation of funds, efficient and provincial communications company intends to eventually achieve "automatic type zero balance" of the revenue and expenditure management, which automatically cleared on the income account, capital planning, capital expenditure account the implementation of "quota control, at between the overdraft, end of day settlement, zero balance "management. provincial unity and the company signed a zero-balance account bank agreement, the provisions of the spending limit for each branch. every branch starting balance of zero, based in the spending limit on the bank to pay the bank for payment, the branch bank account is negative, the bank's total expenditure on the whole day, every day with the provincial company to write off, the provincial capital to the company allocated the appropriate designated bank account, branch maintain a zero balance bank accounts. And each day of the liquidation of banks lending funds are not handled by the provincial company is not enough funds for the liquidation account bank loan interest only. adopt a zero-balance account management can achieve two goals: to maximize the funds remain in the provincial company account, you can protect the province a lot of money the company has the most precipitation, the positive flow of funds to achieve. "automatic type of zero-balance" between revenue and expenditure management regulations: 1, income imputation account settings: provincial, municipal and county levels, the company earnings imputation accounts were opened, you can choose to branch at all levels in agriculture, industry, under construction in one or more accounts set up income imputation, but a limited company set up in a bank an income imputation accounts. as a company, the agricultural, industrial and construction accounts opened imputation of income, parent company to be opened in the peer .2 income imputation accounts, the overdraft account settings: Province The operating expenditure overdraft account opened in a row, and accordingly, in order to achieve financial overdraft feature, municipal company operating expenditures must be accompanied overdraft account opening, expense accounts overdrawn account must be used with non-string. County Branch In principle, only keep a spending account with no overdraft capabilities directly by the prefectures and cities for funding. imputation income account funds in the company at all levels, agricultural, industrial, construction funds for all revenue accounts are in each working day automatic timing imputation to the company's peer-income imputation stage accounts, and then automatically imputation first one's peers income imputation accounts; other bank accounts of income allocated according to fund the cost of capital stock and other factors to consider allocation of frequency, in principle, other income of households at least one week to the imputation of the corporate income level allocated a revenue account. overdraft account capital expenditure management requirements approved by the provincial company on a regular basis the lower limit of the company's expense account overdraft, overdrawn account of the expenditures do not accept support only , day zero balance overdraft, step by step at the end automatically settlement.

Links to Research Papers Download http://www.hi138.com communications company in the implementation and expenditure of funds management process, we should note the following issues:
1, to strengthen the management of bank accounts. Provincial branch of the company bank accounts of the management and supervision, the classification of the company all bank account opening, modification, revocation, after approval of the provincial company required to report the Group for approval, the company approved before processing, without the approval of the company to open accounts, as the "small treasuries"; the branch bank account information to be included in all financial management systems for unified management. account opening, change, undo the changes and other information should be timely update the financial management system; provincial companies of all bank accounts unified coding system: a unique code corresponding to a bank account, bank account as an important basis for the internal management; all bank accounts should be strictly in accordance with the revenue earmarked for funds, payment services, non-super-scope.

2, emphasizing the balance sheet discipline. Non-cash income or sit: in the management and expenditure of funds, not only cash income may not be directly used for expenses, the bank's capital income households can not be used directly for expenditures, all expenditures only source of funds is the expenditure of households. In order to prevent cash income or sit, each time the cash income of household income should be deposited in a timely manner, exceeding the prescribed limit of cash to be paid through the bank. IOUs are not allowed to touch base to ensure that all income, capital income households have access not allowed a kangaroo's off-balance coffers.

3, the use of online banking online operations to speed up the settlement funds rate, to compress the time funds in the settlement areas, ensuring the timeliness of business processes.

Deepen the revenue and expenditure management to telecommunications companies has a positive meaning. First, it provides a true centralized financial management, will be fully integrated into the overall budget revenue management. It implements the unified budget and external balance of payments accounting, unified management, enhance macro- regulatory capacity, improve efficient use of capital concentration. branch to open accounts income, income into the account once the funds vested in provincial companies, all levels of office shall be entitled to borrow funds in the maximum concentration of the security. It implements financial operations of scale and avoid the whole enterprise financing, capital operation and other aspects of the low efficiency; the same time the funds can be dispersed together to achieve maximum economic benefit. telecommunication enterprises by focusing on income, all funds will be concentrated in the province company, and then through the full implementation of the budget allocated to the branch operating costs down, in addition to the normal operating costs, office only in accordance with the unified arrangements of the head office to carry out production and business activities, the centralized nature of business to be strengthened. Secondly, the two balance of payments lines of income are guaranteed the authenticity of the maximum reduction in false income: For a long time, grass-roots enterprises glossy, corporate leadership for the achievement, in the revenue-based assessment system, doing everything possible to increase revenue, and even resort to false accounts, the use of accounting loopholes to increase income. between revenue and expenditure of such practices in the system and the fundamental constraint on the income as long as the income of households will enter the imputation transfer to the provincial company, there will be no false income. The former management of the implementation of the balance of payments, paid only the difference between the branches, there is a lot of money to flow in the premise, and even can be used as income side, the cost side of the way, so that the balance of payments is not affected, water will continue to growth was concealed manner, until the next leader after taking office, possible exposure to the parent department of revenue and expenditure budgets have a huge impact. again, and expenditure, the provincial head office concentration of capital, can pay the bulk of the provincial company uniform procurement funds and other funds for centralized payment. City and County branch of the amount of the approved budget within the project and decide what to buy goods and services, but the amount of the provincial company to pay funds directly paid to suppliers of goods and services rather than through any intermediate links, so that each can grasp the ultimate destination of funds, essentially eliminate the deduction, withholding, misappropriation of funds, corruption. In short, "expenditure" of funds centralized management approach to make communication more advanced financial management, greatly improving the competitiveness of enterprises.


References
[1] Li Qiaomei. Of enterprise applications, "expenditure" of funds management model [J]. Taiyuan Science and Technology, 2006, (7).

[2] Cao Gang election. Group of enterprise funds management and control model [J]. Technology Innovation Review, 2009, (17).

[3] Kim Su only. Strengthen centralized management of group funds Understanding [J]. Foreign trade accounting, 2005, (9).

[4] Zu-hyun. Centralized management of enterprise funds to the mode of operation [J]. Guangxi audit, 2003, (2).

Links to Research Papers Download http://www.hi138.com