23 Thinking About Payments
- 2023-02-27 15:40:38
- Original 136
23 Thinking About Payments
With the accumulation of experience and knowledge, some thinking models will be recurring, and summarizing them will benefit the improvement. In this article, the author summarizes 23 recurring thinking models in the payment field and hopes that they will be helpful to you.
With the accumulation of experience and knowledge, there will be some systematic ways of thinking; summarize them in favour of the ability for improvement; I have summarized these recurring thinking models in the payment field for your reference.
1. "Should and actual" thinking
Because of the accrual system, or the sequence of many transaction processes in time, the "how much money should be" and the "actual money" is generated at the end. The "should" represents the rights and obligations, while the "actual" represents the final performance and payment. Therefore, we should get used to dividing things into two sides, one is what should be done, and the other is the actual result, and compare both.
2. "Underwriting" thinking
Underwriting represents the mutual control of things. The money you owe to the company is one thing, the money you eventually pay back to the company is another, and there is a correspondence between these two things.
3. "Cycle" thinking
Economic development is cyclical, and so are the economic activities of enterprises, which need to produce actual content in a length of time, so they need to be observed in a cycle. For example, the settlement of wages in a work cycle, the settlement of services in a service cycle, accounting also exists in a cycle, and the cycle is the length between two points in time or a fixed length of time.
4. "Approval" thinking
Approval systems are set up for payment and money-related operations based on the need for control. Therefore, when dealing with money-related matters, it is important to consider whether approval mechanisms are needed, who should approve, what should be approved, and the reasons for approval.
5. "Association" thinking
The association is the association of data and process and system; just like a business trip, you must submit a business trip application in advance. After the business trip, you need to initiate a reimbursement application. Then the reimbursement application needs to be related to the business trip application. The payment order needs to be related to the purchase application, invoice, and the goods receiving a receipt, so you need to establish a kind of related thinking in the payment category.
6. "Settlement" thinking
Payments are related to money, and money is received and paid from what value you provide, and now is a collaborative economy, many economic businesses rely on many participants, and online transactions will generate a large number of transaction data and other basic data, the purpose of everyone involved is to obtain profit or equity, so we have to get used to the perspective of many participants to calculate the benefits of all parties in it, Accounting is a payment skill.
7. "Transfer" thinking
The basis of payment is money, and the value of money is reflected in its flexibility, which depends on the transfer of money. You transfer money to friends, pay suppliers, transfer old accounts, close accounts, etc. are all transfers of quantifiable money or "balances", which are invisible and abstract quantities of money that are treated like flowing water and transferred as needed to complete the accounting process or delivery of funds.
8. "Document" thinking
Transactions or payments rely on numerous agreements and data. Because of the long process and many links, many kinds of data collections are generated, which we call "documents," such as orders, bills, payment slips, logistics slips, inbound slips, contracts, invoice information, vouchers, etc. The information transfer in payments often exists in documents, and the association of data and information becomes the association of documents. The association of data and information also becomes the association of documents. To define the model of documents, we get the model of the part of the business.
9. "Cost" thinking
Everything exists for a reason, and everything should have a name, just like we are born with a name, and everything related to money, transactions, or payments needs a name. This name is "fee," which is paid, what is applied for, what is managed, what is settled, and what is given a name to the money received or paid. The name of the money received and paid is the fee; others received money to get used to thinking, "what is a fee."
10. " Clearing " thinking
After the successful transaction or payment, data is collected together. Still, they often need to organize the data, classification, and aggregation, which is the clearing process. The money must be attributed to clarify the data or funds belonging to and calculate the clear division of understanding.
11. "Accounting" thinking
Or it can be "accounting" thinking; reconciliation is a very basic business of payment because of the existence of information flow and capital flow, so it is necessary to check whether the flow of funds by the flow of information to ensure that the funds and information consistent with the financial accounts consistent with the actual inventory of the warehouse. What you hear may be false; what you see is true, as is what happens when you make payments, making accounting a habit.
12. "Process" thinking
Many processes combine business activities, so get used to process thinking, business processes, management processes, and information processes in the process to form a cycle. The process also means standardization and solidification; the operation needs to be demanded process; staff reimbursement needs a process, and it is necessary to establish a good process; when others ask you to do something, you have to think about what process should be established.
13. "System" thinking
Nothing can be accomplished without norms or standards. Especially with payment, with money, with finance, the system is very important. There is a budget, subsidy, procurement, and contract system. Before the follow-up work, when others ask you what you should or can not do, we first have to think of, "What is your system" "Is the system clear?"
14. "Symmetrical" thinking
Receipts and payments, transactions, debits and credits, receivables and payables, prepayments, payments, refunds, long payments, and short payments, we find many pairs of concepts in the payment category with opposite meanings. Still, we are two sides of the same coin. We should combine them to consider their processes, logic, and systems.
15. "Freeze and unfreeze" thinking
Freezing and unfreezing are good tools; if it is magic, they can make things stand still. If you don't want your money to be taken away, you can freeze it; if you want to get a settlement cycle, you can also freeze it, and through the control of freezing and unfreezing, you can achieve the control of capital liquidity, which can also be applied to assets such as coupons.
16. "Going online" thinking
The premise of going online is going offline. In the digital era, many businesses can be moved online to improve efficiency and reduce costs, especially for the Internet. When someone wants to improve efficiency, reduce costs, free labor, and improve accuracy, they can consider going online; online thinking is a means to improve productivity.
17. "Period" thinking
The common beginning of the period, the end of the period, and the middle is the occurrence; the first period, the second period, and the third period, where the period can also be understood as a cycle, disguise a major accident as a minor one, implemented in periods, by defining a small sample of models in each period and get a larger model; the same period realization, is to do less while giving hope to the demand side, left to continue to do in the future to achieve control of the pace.
18. "Total and decentralized" thinking
Payments or finance is a collection of data, there is a problem of granularity of data, goods are sold piece by piece, money is a collection, but they belong to a class, 100,000 a day, that is also a collection, so in the bookkeeping often made a summary of the collection; the same in the accounts also have a general ledger; know the general ledger but also to see what the details of the composition of this general ledger, so to establish "Total" "decentralized" thinking, "total" is easier to analyze, is the grasp of the whole and the whole picture. In contrast, "decentralized " is the traceability of the original documents.
19. "Form" thinking
We have already introduced the "form" thinking; as a collection of data, the generation of data requires the "form," when we design a document, we need to think about designing a form to get this document; you can manually submit this form, but also through the system automation to generate this form and deliver; and the form is a tool to get a collection of data.
20. "On-the-way" thinking
You have initiated a payment, but the other party has not yet received the money; the money and the rights are separate, so we should pay attention to the funds on the way; the other party has paid successfully, but we have not yet received the money, this is the on-the-way collection since it is on-the-way, it may or may not arrive, and being on-the-way is a way to manage expectations for the future.
21. "Structured" Thinking
Whether it is the accounting system, expense system, or accounting account system, they all have structured data, accounts can have total accounts and sub-accounts, and accounts have primary and secondary accounts or even tertiary and quaternary accounts; accounting thinking, we need structured data design; so, payment data, capital data, financial data based on analysis and management need to achieve a structured form through some fields; Beijing -Self-employed-Sales One-Business Scope 1, which is a structured data, through the control of the dimensions, the data can be aggregated and classified for accounting and analysis purposes.
22. "Rules" thinking
Money-related matters, we need to talk about the rules, their own rules, the rules established by the state, the need for rules to receive money, payment needs rules, money management needs rules, even the bookkeeping needs rules, so the payer, know the rules is very important.
23. "Active and Passive" thinking
Payment cannot be separated from data, clearing cannot be separated from data, bookkeeping cannot be separated from data; and how to get data is an eternal topic, such as bookkeeping to get data, you can take the initiative to query the other party's database to get, you can also provide an interface to the other party, let them take the initiative to pass over, you can pass through the message, you can query through sql, you can pass through the file, you can put it in a place where everyone shares. So we have to figure out whether we want to take the initiative or passively accept it.
Of course, there are many more habits of thought in payment, and it is difficult for me to cite one by one, here is just a partial list, we take the initiative to think about it and summarize our experience.
Make thinking a habit and eventually become a method.
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