Improving payment accounting in a modern bank

Relevance of the research topic. In modern economic conditions, bank activity is characterized
by effectiveness and efficiency. The financial basis and purpose of the bank’s activity is profit, which
determines the possibilities of its development. Profitability depends on the size of the bank’s income
and expenses, including labor costs. Therefore, the study of modern accounting of labor costs is
relevant.
The purpose of the study is to determine the information and analytical support for the management of
labor costs and to determine the directions of their optimization using the tools of modern accounting policy.
Research methods. The theoretical and methodological basis of the research is economic
categories and laws, systematic and complex approaches to the study of economic processes,
legislative and normative acts, government resolutions on the activities of banks.
Research results. Aspects of the modern approach to the rational transformation of labor costs
in a modern bank are considered. The need for rational structuring of labor costs has been identified.

The key role of accounting and reporting in the generation of information support for the analysis
and planning of labor costs is emphasized. Modern economic prerequisites for modernization of labor
costs in the bank are defined.
Field of application of results. In the practical activity of banks.
Conclusions according to the article. The article defines the aspects of the construction of the labor
payment mechanism in accordance with the needs of the modern information and knowledge economy.