Management accounting for business in Uzbekistan

Management accounting for business answers one simple question from the owner: how much did I actually earn and from what. Accounting calculates taxes for the state, and management accounting calculates profits for you - promptly, in fact, at any time of the month, and not a quarter after reporting. These are different tasks, and therefore the figure “in the account” almost never coincides with the real profit. Let's look at what is included in management accounting, why Excel and 1C don't show it, and how Taska collects it automatically from your sales, warehouse, and finances.

How is it different from accounting?

Accounting is kept according to tax rules: what is reflected in it is reflected as required by law, and not in the way that is convenient for the owner to make decisions. It answers the question “how much to pay the state”, works with a delay and operates with legal entities rather than lines of business. Management accounting works the other way around: it answers the owner’s questions: how much did we actually earn this month, in what areas are we earning and where are we losing, will there be enough money to pay the supplier on Friday. What is important here is not the form of the report for the inspector, but the truth about the profit: accrued, taking into account the real cost and all hidden expenses. The same business in accounting may look profitable, but in management accounting - unprofitable for half of the goods, and you need to find out about this today, and not at the end of the year.

What questions does it answer?

Management accounting is needed to stop managing a business blindly and by feeling. He answers specific questions on which money depends:

• How much did we actually earn in a month - accrual profit, not the account balance today
• What do we earn from - profit by directions, products, points and managers, and not a common pot
• Where do we lose money - which positions and transactions go into the red after taking into account the real cost
• How much do we owe - receivables by clients and terms, so as not to lend to buyers for free
• Will there be enough money - forecast of cash gaps: when planned payments exceed receipts
• Where does the cash go - DDS by items and accounts, you can see every income and expense without tabulating

Why won't Excel and 1C show this?

Excel shows exactly what was entered into it by hand, and exactly as accurately as the accountant’s time allowed. Profit by direction has to be collected manually once a month, combining unloadings from the cash register, warehouse and sales table - and by the time the report is ready, it is already out of date, and there are probably data errors in it. Accounting 1C calculates according to different rules and for a different addressee: it gives tax profit and does not tie each sale to its actual cost and margin. As a result, the owner sees either an account balance that is confused with profit, or a tax result that has nothing to do with management decisions. Profit for a specific product, direction or manager - that’s what accounting is needed for - neither Excel nor an accounting program gives in real time. Decisions on assortment, discounts and purchases are made by eye, and an error of one percent of the margin at high turnover means millions of soums missed by the cash register.

How Taska collects accounting automatically

In Taska, management accounting is not maintained in a separate table - it is compiled from what is already happening in the system. The sale goes through the funnel and records the revenue, the warehouse knows the purchase price, production calculates the real cost of materials and work - and the profit for each transaction, product and direction is added up automatically, without manual information. The financial module provides DDS and BDR, sees receivables by payment status and shows cash gaps in advance. Online payments Payme and Click go to the cash register at the time of receipt, and exchange with 1C and MoySklad removes double input. We provide a turnkey connection: we transfer your data, customize articles and directions for a specific business - store, production, services or wholesale - and launch a working MVP in 14 days. Then the accounting is updated in real time, and the owner sees the truth about the profit on the dashboard, and not in the accountant’s letter at the end of the quarter.

We will show you the real profit of your business

Leave a request for a free consultation - we will analyze how your accounting is currently organized, show you on a demo the profit by area, the real cost, DDS and BDR, accounts receivable and forecast of cash gaps, and we will offer a solution for your business in Uzbekistan with turnkey implementation.