A true administration tool, audit records all the procedures connected to the activity of a business over a provided period. It therefore makes it feasible to check and analyze all the components of the life of the business and also to examine its economic health. It is therefore vital to keep all of these accounting documents approximately day.

GENERAL AUDIT In Short
General accountancy includes tape-recording the operations accomplished by the firm ( as an example purchase, sale of goods, payment of creditors, finances, etc.) in accounting books, registers and/ or computer media, on the basis of documents associating with the tasks business. Purpose: to know the properties and the outcomes of the firm.

General journal documents all the inputs and outcomes of a service. The major components dealt with by general audit: trade receivables, profession payables, personnel costs, economic debts and also tax obligation fees.

Compulsory for all business, the purpose of basic audit is to educate events outside the business of its economic state. It presents via 3 major documents ( revenue declaration, balance sheet, appendix), the company's scenario at the end of an accounting year, typically equal to year.



Equipped with all this details, the manager of a firm has the ability to:

recognize rapidly, at any moment, the financial or accounting scenario of his firm,
regularly identify the result of his service: loss of earnings,
develop a medical diagnosis. On the basis of the data accumulated, the company supervisor will be able to compare his efficiency with that of similar companies, recognize the staminas and weak points of his organization, choose to broaden, modify the array offered, adapt its opening hours, ...
NOT AN BOOKKEEPING, BUT SEVERAL VERSIONS
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There are a number of types of audit, depending on the wanted objectives.

Cost accounting or administration bookkeeping
Unlike basic audit, it is elective for companies yet strongly recommended. Its primary goal: to evaluate all the costs associated with the activity of the company as well as to figure out the numerous factors of success. Planned mostly for company managers to allow them to make the right decisions, it is an audit system based upon the evaluation of charges and also expenses, it aims to analyze as well as identify costs and the analytical results of services and products that the business markets.

It enlightens the supervisors as well as staff members of a business in the different management, preparation, organization, and also control decisions.

National accounts
An important tool for recognizing the country's economic climate, the function of national accounts is to map the financial activity of a country during a details period, generally equal to one year. Just like a organization, national accounts permit a state to know its situation at a offered moment and also to sustain future decisions. It is to name a few things on the basis of the accounts issued and published by each company that the nationwide accounts are modified. The main indication released by the nationwide accounts is the GDP, amount of the included values of each business.

Public accounting
Public accountancy is a set of macroeconomic procedures that figure out the earnings and also expense of the state and public areas.

KEEPING ACCOUNTS: AN COMMITMENT FOR ALL FIRMS?
All commercial and commercial ventures are required to keep accounts. According to article L123-12 et seq. Of the French Commercial Code, "any natural or lawful individual having the status of the investor must sign up the activities impacting the properties of his business. These activities are tape-recorded chronologically ".

Nevertheless, a few of them may benefit from decreases, and even exemptions: the situation specifically of companies falling under the micro-BIC and also micro-BNC routines.

THE VARIOUS ACTORS IN ACCOUNTING
Therefore, nearly all companies, whatever their dimension and also market of task, can refrain without accountants! This self-control unites a selection of professions: accounting aide, audit assistant, accountant, chartered accountant, management and also financial supervisor, auditor, etc. The audit industry supplies numerous chances in terms of occupation development and also work, even if it is not successful, specifically among youngsters.

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