ACCOUNTING OF PAYMENT CALCULATIONS IN THE CONTEXT OF CONTEMPORARY ECONOMIC AND SOCIAL CHALLENGES

Abstract

The article is devoted to the topical issue of wage calculations in the context of modern economic and social challenges. The exceptional role of accounting and analytical support in management processes causes increased attention to the accounting of payroll calculations as an important source of information about the financial condition and results of the enterprise. The authors have defined the methodological principles for displaying wage calculations in the accounting system, as well as the objects of accounting and analytical support for the management of economic entities. In the research process, it was proved that the objects of accounting and analytical management of business entities are: primary accounting information (primary documents); current accounting information (processing of primary information and display of business operations on accounting accounts); effective accounting information (reporting). Therefore, the effective economic information obtained as a result of the analysis and synthesis of accounting information is formed using a system of elements of the accounting method in order to form the basis for making effective management decisions. For the formation of accounting and analytical support, it is necessary to take into account socio-economic challenges not only in the internal, but also in the external environment, which are not reflected in the accounting system, but can affect the efficiency of the enterprise's economic activity. The information generated as a result of the accounting display of the specified payments is a factor influencing decision-making regarding the creation of conditions under which the behavioral aspects of employees were as close as possible to the company's goals. The result of proper organization and accounting of payroll calculations is an increase in the efficiency of the enterprise's economic activity due to the effective management of motivational potential. In order to effectively organize payroll accounting, business entities must take into account changes in legislation, use new methods of controlling labor relations and make effective decisions regarding all problems related to employee remuneration. Despite the difficult circumstances, employers are obliged to pay wages in strict accordance with current legislation.