Cashless Payments of Enterprises in the Context of Digitalization: Accounting and Information Support, and Financial Monitoring

Abstract

The article is devoted to the study of the organization and accounting-information support of enterprises’ cashless settlements in the context of economic digitalization. The relevance of the topic is determined by the growing role of electronic payment systems, the need to ensure transparency of settlement operations, and the enhancement of financial monitoring efficiency. The paper examines the theoretical foundations of cashless settlements, their economic essence, legal regulation, and their role in the financial and economic activities of enterprises. It highlights the interconnection between accounting processes, information technologies, and control systems that ensure the reliability of financial reporting and improve the efficiency of cash flow management. The research employs methods of system analysis, logical generalization, modeling, and comparison to identify patterns in the digitalization of cashless transaction accounting. The study explores the digitalization of cashless settlements in enterprises through three key dimensions: accounting representation, information-technology support, and financial monitoring/AML. Relevant legislative provisions, the main principles of accounting for Account 31 “Bank Accounts,” as well as architectural and control solutions-API integration, real-time reconciliation, logging systems, and role-based access control-are presented. It is substantiated that digitalization promotes the automation of accounting procedures, the integration of banking services with internal accounting systems, the reduction of manual data entry and errors, and the improvement of reporting speed and accuracy. Particular attention is paid to financial monitoring (AML) as a key instrument for ensuring financial security. The study examines the legal foundations of AML activities under current legislation and the role of the National Bank of Ukraine in ensuring compliance during cashless operations. Financial monitoring is considered as a system for identifying, assessing, and preventing the risks of money laundering, terrorism financing, and other illicit transactions within the framework of digital payment instruments. The results indicate that digital payment tools create prerequisites for the formation of a unified corporate information space where accounting, analysis, and control function in close interrelation. The implementation of automated systems for accounting cashless settlements provides opportunities for timely financial analysis, improved reporting quality, and increased trust from governmental and banking institutions.