A real management device, bookkeeping records all the procedures linked to the activity of a company over a offered period. It thus makes it feasible to check and also assess all the components of the life of the company as well as to assess its financial wellness. It is consequently important to maintain every one of these accounting files approximately date.

GENERAL ACCOUNTING In Short

General audit contains videotaping the operations accomplished by the firm ( for instance purchase, sale of products, payment of lenders, financings, and so on) in accounting books, signs up and also/ or computer media, on the basis of papers connecting to the activities industrial. Objective: to know the properties and the outcomes of the business.

General journal records all the inputs and also outcomes of a organization. The primary components dealt with by general bookkeeping: trade receivables, trade payables, personnel expenses, monetary debts and also tax obligation costs.

Compulsory for all firms, the function of basic accountancy is to educate parties outside the company of its financial state. It presents through 3 major files ( revenue statement, annual report, appendix), the firm's situation at the end of an accounting year, typically equal to twelve month.

Armed with all this details, the manager of a business has the ability to:

know quickly, at any moment, the financial or audit circumstance of his company,

periodically identify the outcome of his organization: loss of revenue,

establish a medical diagnosis. On the basis of the data accumulated, the business supervisor will certainly be able to contrast his efficiency with that said of similar companies, determine the strengths and weak points of his service, decide to broaden, customize the variety offered, adapt its opening hours, ...

NOT AN ACCOUNTANCY, BUT SEVERAL VARIANTS

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There are numerous types of accountancy, relying on the desired goals.

Cost accounting or management accounting

Unlike basic bookkeeping, it is not compulsory for firms yet highly suggested. Its main purpose: to examine all the costs associated with the activity of the company as well as to identify the numerous points of productivity. Planned generally for firm supervisors to enable them to make the right choices, it is an accountancy system based on the analysis of costs and also expenses, it aims to examine and also figure out prices and also the analytical results of product or services that the business markets.

It informs the managers as well as employees of a firm in the numerous management, preparation, organization, as well as control choices.

National accounts

An necessary tool for recognizing the nation's economy, the function of nationwide accounts is to map the financial activity of a nation during a certain duration, generally equal to one year. Much like a service, nationwide accounts permit a state to know its circumstance at a offered moment and also to sustain future choices. It is among other points on the basis of the accounts released and published by each business that the national accounts are edited. The primary indication published by the nationwide accounts is the GDP, amount of the included values of each firm.

Public bookkeeping

Public accountancy is a collection of macroeconomic treatments that determine the income and expense of the state and public communities.

KEEPING ACCOUNTS: AN RESPONSIBILITY FOR ALL FIRMS?

All business and also commercial enterprises are required to keep accounts. According to short article L123-12 et seq. Of the French Commercial Code, "any natural or legal individual having the standing of the investor have to sign up the activities affecting the possessions of his firm. These activities are tape-recorded chronologically ".

Nonetheless, several of them might take advantage of reductions, and even exemptions: the situation in particular of firms falling under the micro-BIC and micro-BNC programs.

THE VARIOUS STARS IN ACCOUNTANCY

Thus, nearly all business, whatever their dimension and also field of activity, can refrain without accounting professionals! This technique unites a range of careers: audit aide, bookkeeping secretary, accounting professional, hired accountant, management and economic director, auditor, etc. The bookkeeping field offers numerous chances in terms of career advancement and employment, even if it is not effective, particularly among young people.

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