Accounting, Accounting Processes and Accounting Books
Introduction
Bringing the accounting of a business is important because it is the guide to make current or future decisions, but with the accounting order that is required and of such constantly knowing the economic situation.
The accounting process is the set of steps that allows to express through financial statements the economic operations of an entity or organization. This cycle is essential for every company, since thanks to it you can see its expenses and income, and thus make projections, avoiding crisis that can lead to the closure of the company. (Certus, 2019)
At present, as business owners, be clear about the concept of accounting and how it works depends on the type of business that is carried out in order to understand it, since we can mention how the operations that are carried out, volume of data that has beento handle, the administration of demand for products and the registration of financial operations in accounting books.
Accounting books are those files where the company’s economic and financial information is recorded. Therefore, they are vital to manage and control whether or not our company enjoys good health. (Veronica Ruiz, 2018)
These accounting books must be preserved for 6 years, and must also be legalized in the Mercantile Registry that corresponds to the company according to its registered office. This legalization is done to seal the information they contain, so that it cannot be manipulated later. (Veronica Ruiz, 2018)
The accounting process or accounting cycle begins to know its stages of which are the analysis or interpretation of transactions and documents, the entry to the newspapers and registers of operations in the General newspaper and based on there the registered information registeredIn Diario General, you go to the General General Book, so on with the following stages.
If an efficient accounting process is carried out, the business administration can obtain at any time the information of inventories, sales, expenses, the structure of capital. In such a way that a financial analysis can be carried out for future decisions for their own benefit.
Next, the following activity will mention the importance of using accounting books and registration of operations in our business.
Extreme Print Express
Digital impression is a process that consists in conversion of a digital file to a paper printed one, it is a revolutionary way of graphic arts. This printing method is fast, economical and with excellent quality.
The following services are offered what are the printing card, magazine and catalogs, posters and posters, folders, tarps, calendars, etc. The business is focused on professionally fulfilling the following points to meet the objectives and grow in the business field.
The following materials of which will help us to carry out the digital production processes are required.
- Business Local
- Printing machines
- Trained staff
- Bright finishing paper, white base adhesive vinyl, canvas vinyl, etc.
- Latex inks, solvents, UV.
- Plotters
- Computer systems with rasterized image processing software.
- Business Project Management.
- Commercial solutions Digital marketing and advertising resources to make themselves known.
- Product shipping transport.
- Electric power and water
In the business to keep an orderly accounting of its operations, the following books and their importance of implementing them are required:
- Daily book All operations records that are carried out daily such as expenses and charges in an orderly manner would be recorded and reflected in a seat.
- Inventory and balance would talk about the physical assets of the business as merchandise and fixed assets and as well as the debt that are pending as debtors and creditors.
- Result states would be discussed about the profits and losses of a certain period where the income obtained was shown in detail, the expenses at the time that are produced in such a way obtains benefit or lost in the business.
- Major book will allow us to see its evolution and the balance of a single glance of the movement of the accounts that are graphically embodied in format T.
conclusion
Business books are important mainly because a well -managed business has great possibilities to achieve the success that is each more competitive. Therefore, the business must have its goals and objectives well drawn because it must always be focused on meeting all its fiscal demands in the country and thus have a better order and control of its finances.
On the other hand it also shows the financial statement of the business in a certain time and constitutes as proof element of the documents that are existing in the proof of business operations.
The books provide the Tax Administration with the complete information of the operations, thus allowing the proper verification of the records and what is declared in that. It is an obligation and it is a way to avoid incurring infractions involuntarily.
Leave feedback