Bookkeeping

Editora:

Paolo Armando Silvagni

Código:

491_9781801200387

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Are you looking for a complete guide on bookkeeping? Then keep reading...Bookkeeping is the process of recording a businesss financial transactions, such as its sales, purchases, payments, and receipts, on a daily basis. These records must be accurate and up-to-date and should be able to provide a clear picture of the performance of the business after a specific period. Whenever any individual or corporate body buys anything from you or sells anything to you, you have to record the exact details of the transaction and keep the documents used to transact the business as backup evidence. You would then use the individual records you have made to set up financial statements at the end of a period, which could be daily, weekly, monthly, or yearly. Bookkeeping may involve historical records, but these records are very vital to the success of any business. This book covers,WHAT IS BOOKKEEPINGTHE DIFFERENCES BEETWEEN ACCOUNTING AND BOOKKEEPINGTHE IMPORTANCE OF BOOKKEEPING OF BOOKKEEPINGFUNCTION OF AN ACCOUNTING OFFICER WHAT IS AN ASSETWHAT IS A CURRENT ASSETSWHAT IS A NON-CURRENT ASSETS LIABILITIESCURRENT LIABILITIESNON CURRENT LIABILITIESBALANCE SHEETSDEBITS AND CREDITSRECORDING DEBIT AND CREDIT IN AN ACCOUNTWHAT IS A FINANCIAL STATEMENTWHY DO WE NEED A FINANCIAL STATEMENT BALANCE SHEETSWHAT TO INCLUDE IN BALANCE SHEET INCOME STATEMENTS? UNDERSTANDING THE INCOME STATEMENTTHE CASH FLOW STATEMENTBOTTOM LINE ON FINANCIAL STATEMENTSAnd much more!Here are some of the very important reasons for bookkeeping: · Bookkeeping provides a true and accurate picture of the business. To know how your business is performing, whether you are making gains or losses, growing or dwindling, the only way you can know these is if you keep accurate records. · There is the issue of taxes; you have to be able to know just how much t

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