Accounting service Bank: structure, functions, organization and workplanning

In the Rules of posting, you can find certain requirements for the operation of an accountant in the banking institution. The Bank shall establish such organizational structure of the office of the accountant themselves. Basically the Bank has one unit that is divided into sectors and departments (dealing with currency, with securities, etc.). Whatever the specifics of the structure of the organization, all of the accountant in the Bank are subject to the chief accountant – chief.

Accounting and operational work

Accounting and operational work – the list of processes that are connected with the operating as well as managing their banking. Accounting and operational unit called workers that perform work in the accounting operations.

The Bank Manager is responsible for accounting, and for compliance with applicable laws. The establishment of accounting policies, timely reporting and also refers to the responsibility of the chief accountant. As a rule, the chief accountant owns the successor, which is distributed by sector. Some keep records of business transactions within the Bank, others consider foreign exchange transactions, and others – consider the income process expenditure and revenue documents, and so on.

Chief accountant

The chief accountant has several main objectives – accounting services: ensuring accounting of the transactions conducted by the Bank, monitoring and Analytics, as well as security of liabilities of the banking institution. Accounting and organizational work carried out by the chief accountant. He also conducts organizational activities. The chief accountant ensures the expression of operations that are performed in the Bank on paper. Individual accounts also prepares an accountant. The accountant also calculates interest on accounts, controls, forms, permanent, and distributes duties among his subordinates. It is worth noting that economic analysis of all of the Bank's operations over a specific period – also the work of the chief accountant.
Every day checked cash voucher. It is the task of the chief accountant. It is important to check the capitalization of money and negotiable transactions. The accountant checks the storage and proper maintenance of settlement and financial instruments. But the accountant is not responsible for material and money.

Generally, accounts are distributed for service between accountants chief. At the offices of the service are the responsible person. They have the right to the signature of settlement documents related to accounts.

The Bank has a representative. He has his duties. First of all, the receiving client documents and settlement currency, verification of identity when issuing or receiving of money, as well as an explanation of the correct execution of settlement and cash operations. The operator can make the account statement, and also makes her other client documents. The representative also holds the accrual of funds on the accounts at the end of the banking day. Given this operation, a further account of the state of accounts of clients.

It is also worth noting that the duties of the chief operator include checking the documents of synthetic and analytical accounting, the creation and counting of commemorative documents, interest calculation and crediting them to the account of the client, the signing of various accounting documents.
Division teller compiled Bank statements. Because the operator performs the printout of accounts, carries out the calculation of the balance of funds in the accounts at year end.

The large banks created whole operating band. This allows several times to increase the speed and efficiency of the Bank. The circulation increases, improving the interchangeability of employees of the institution. Governing authority is vested in the responsible worker of the whole group. Accounts service accountant entrusted with this work. Between employees distributed load for more efficient task execution. Operating group excludes the backlog of Bank documentation.

To get the right to sign cash documents, you must obtain permission from the head of the Bank. Documents will be considered invalid if there is no signature of the chief accountant and the supervising person. The head of the Bank also has the right to verify the signatures of other Bank documents.

The whole work is following the operating controller of the group. It checks to see whether signed receipts, signed statements and personal accounts. The controller keeps records of Bank journal. In the competences of the controller is a reconciliation of expenditure and revenue operations.

For settlement and cash documents, signatures of responsible persons of the Bank. The accounting rules are described in detail all the operations of the Bank, which must also be controlled.

The composition of the accounting and operations staff includes employees who have tasks: monitoring of accounting work, including related cashier. Accounting entries that are made the day before, should be documented in the current day. At the end of all work is mandatory verification, which confirms the correctness of the accounting records. On the relevant documents must present the signature of the chief banker. All accounting is recorded in the log of the Bank.

Follow-up inspections, all results are supported by references. The head of the Bank within five days personally supervises all operations to be conducted on the basis of the reference.

Each Bank maintains its banking documentation that maintains its accounting Department. According to the rules of the archival documents files are kept for five years. Chief accountant of the Bank and the supervisor are responsible for proper storage of archival documents.