Bookkeeping Basics

Most people think probably bookkeeping and accounting as the same thing, but accounting is really one of the functions of accounting, accounting encompasses many of the functions involved in the management of the financial situation of an undertaking. Accountants prepare reports based in part on the work of accountants.

Bookkeepers perform all sorts of dossiers.Certains them holding tasks are as follows:

-They prepare what is called the documentation source for all operations of a business - buy, sell, transfer, payment and collection.Records include documents such as purchase orders, invoices, credit card slips maps, leaves time and reports on les.Teneurs books also identify and enter the source documents what is called the financial effects of transactions and other activities. Those who understand pay employees achieve sales, cash or purchase of products or materials first loan production.

-Accountants also financial effects entries in reviews and accounts.It's two things différentes.Un log is the registration of operations in chronological order. An account is a separate folder, or a page for each asset and every responsibility.A transaction can affect multiple accounts.

-Bookkeepers prepare reports at the end of the specific period of time such as daily, weekly, monthly, quarterly or annually.To do this, all the accounts must be jour.Enregistrements inventory must be updated day audited reports and double checked to ensure they are free from errors as possible.

-Bookkeepers is also compile complete lists of all the comptes.Cela calls that a small business can have a hundred accounts procès.alors adjusted balance, very large firms may have more than 10,000 accounts.

-The last step is for the accountant close books, which means make the accounting for a fiscal year end and summaries.