Bookkeeping

Bookkeeping

              It is understood as the record bookkeeping operations in the books. The process of taking the existing values ​​in accounting supports underpin the realization of economic facts and enter them in the different books of accounts as proof of accounting, the daily columnar, the largest and balances and ledgers. Proof of accounting or journal voucher is not a ledger, is a document that allows you to summarize a series of operations and then transferred to the books. Accounting is a much broader concept which carries additional bookkeeping, analysis and interpretation of the information provided by the accounting books and financial statements, information that has been possible to generate through the art of keeping books, for it is that is the record economic events. with the advent of accounting software, bookkeeping has become obsolete, since the system is responsible for delivering the complete and ready to be interpreted and analyzed.


           In summary, the purpose of bookkeeping accounts allow a reality, since it is through the bookkeeping is possible to take a historic log of everything that happens in business accounting, financial and economic .


The Bookkeeping

          Modern accounting cycle consists of six stages or steps. The first three relate to bookkeeping, ie the collection and systematic records of financial transactions. Financial documents are the basis of accounting; between these documents include bank checks, invoices issued and paid invoices. The information contained in these documents is transferred to the books, newspaper and more.
Accounting involves the systematic recording of financial transactions and the maintenance of accurate and updated financial records of the organization by an employee of accountant. Organization can be a business enterprise, charitable institute or even a sports association. Effective management of accounts makes business owners is well aware of the losses and profits. To be precise, bookkeeping brings the result of economic activities to the surface. It is also mentioned as accounting, bookkeeping and maintenance book

           Many large organizations embrace accounting software to facilitate the complexity involved in the tax legislation and to make quick calculations, while small businesses to participate bookkeeper to write Daybooks involving the purchase details , sales, payments and collections. Bookkeeper must ensure that each financial information or data relating to a business such as stock price and obtaining
Ratio is registered correctly. The two often used methods of bookkeeping are: system of single entry accounting system of double entry bookkeeping. Single-entry bookkeeping denotes that all transactions should be entered only once in the system of accounts. Maintains registration with income flow system is very useful for people who have only begun in the area of ​​a business

Important Summary

• By bookkeeping is achieved record, capture, print to a physical book or on magnetic media, economic facts occurred or developed by the company.

• It is through the keeping of books that manages to make the classification, organization and registration of each operation of the company that is precisely what accounting is concerned with the bookkeeping.

• Bookkeeping allows the company to make available financial and accounting information over time, to be consulted, to be used in the preparation of reports, studies, analysis, and most importantly, to be used as a tool to decision-making.