Improvement of electronic money accounting at Ukrainian enterprises

Abstract

The popularity of electronic money payments is growing in the modern conditions of digitalization of business processes. The Ukrainian e-money market is at the stage of formation and state settlement. Therefore, it is advisable to clarify the essence of electronic money for accounting purposes, as well as to develop methodological recommendations for their accounting by Ukraine’s enterprises. The authors proposed a refined definition of the concept of «electronic money» as an object of accounting, which outlines a lot of e-money legalized in Ukraine. Accordingly, the classification of electronic money for accounting needs has been improved. Electronic payment systems, which have emit e-money and are represented on the territory of Ukraine, were classified into nine groups. The methodological support for the accounting of transactions with electronic money in the company (as a user and trader) has been improved: additional accounts to synthetic account 33 «Other money» and a fragment of the working plan of accounts has been developed taking into account the types of e-money. Results of scientific research are of practical interest for companies that make settlements with e- money.