A true monitoring tool, accountancy documents all the procedures linked to the activity of a company over a provided period. It thus makes it possible to monitor and also examine all the aspects of the life of the business and also to assess its economic wellness. It is consequently vital to maintain all of these accounting documents as much as date.

GENERAL ACCOUNTING IN BRIEF
General accounting contains tape-recording the procedures executed by the company ( as an example acquisition, sale of goods, repayment of financial institutions, car loans, etc.) in accounting books, registers and/ or computer media, on the basis of papers relating to the tasks commercial. Purpose: to know the possessions and also the results of the company.

General journal documents all the inputs and results of a service. The main components treated by general audit: trade receivables, trade payables, workers expenses, monetary debts and tax obligation costs.

Compulsory for all companies, the function of basic audit is to notify events outside the business of its financial state. It provides by means of 3 significant records ( revenue statement, balance sheet, appendix), the company's circumstance at the end of an accounting year, normally equal to one year.



Equipped with all this details, the supervisor of a company has the ability to:

understand quickly, at any moment, the economic or accountancy situation of his firm,
periodically identify the result of his organization: loss of revenue,
develop a diagnosis. On the basis of the information gathered, the company manager will certainly be able to compare his efficiency keeping that of comparable companies, identify the staminas as well as weak points of his business, make a decision to expand, customize the array supplied, adjust its opening hrs, ...
NOT AN ACCOUNTING, BUT SEVERAL VERSIONS
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There are numerous types of audit, depending on the wanted purposes.

Cost accounting or monitoring accountancy
Unlike basic audit, it is elective for companies however highly suggested. Its primary goal: to assess all the expenses connected to the activity of the firm and to identify the various points of success. Intended primarily for firm supervisors to enable them to make the right decisions, it is an bookkeeping system based upon the evaluation of costs and prices, it intends to analyze and also determine expenses as well as the logical results of services and products that the company sells.

It enlightens the managers and workers of a company in the numerous administration, preparation, organization, and control decisions.

National accounts
An necessary device for understanding the nation's economic climate, the purpose of national accounts is to map the financial task of a nation during a certain period, usually equal to one year. Much like a organization, national accounts allow a state to know its situation at a given minute and to support future choices. It is to name a few things on the basis of the accounts released and also published by each firm that the national accounts are edited. The primary indication published by the national accounts is the GDP, sum of the included worths of each company.

Public accounting
Public accounting is a set of macroeconomic treatments that establish the profits as well as expenditure of the state and also public areas.

KEEPING ACCOUNTS: AN COMMITMENT FOR ALL COMPANIES?
All business and commercial ventures are required to keep accounts. According to article L123-12 et seq. Of the French Commercial Code, " any kind of natural or lawful person having the standing of the investor have to register the motions impacting the possessions of his business. These motions are tape-recorded chronologically ".

However, several of them might take advantage of reductions, or even exemptions: the instance in particular of business falling under the micro-BIC and micro-BNC programs.

THE DIFFERENT STARS IN ACCOUNTING
Hence, nearly all companies, whatever their size and also sector of task, can refrain without accountants! This discipline combines a range of careers: audit aide, bookkeeping secretary, accountant, hired accounting professional, management and economic director, auditor, etc. The accounting industry uses lots of opportunities in terms of job development as well as employment, even if it is not successful, particularly among young people.

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