A true management device, accountancy records all the operations linked to the activity of a firm over a given period. It hence makes it possible to keep track of and evaluate all the elements of the life of the firm and to examine its economic health and wellness. It is therefore essential to maintain all of these accounting documents as much as day.

GENERAL BOOKKEEPING In Short

General accountancy consists of videotaping the procedures performed by the business ( as an example purchase, sale of items, payment of creditors, loans, etc.) in accounting books, registers and also/ or computer system media, on the basis of files connecting to the activities industrial. Objective: to understand the assets and the outcomes of the business.

General journal documents all the inputs and also results of a business. The major aspects dealt with by basic bookkeeping: profession receivables, profession payables, workers costs, economic debts and tax fees.

Compulsory for all business, the objective of general accounting is to notify events outside the company of its economic state. It presents by means of 3 major records ( earnings declaration, annual report, appendix), the company's situation at the end of an accounting year, normally equal to 12 months.

Armed with all this info, the supervisor of a company has the ability to:

know rapidly, any time, the financial or accounting situation of his business,

regularly establish the result of his company: loss of revenue,

develop a medical diagnosis. On the basis of the information collected, the company manager will be able to compare his performance with that said of similar companies, identify the strengths and also weak points of his organization, decide to increase, change the range used, adapt its opening hrs, ...

NOT AN ACCOUNTANCY, BUT SEVERAL VARIANTS

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There are several types of bookkeeping, depending upon the desired purposes.

Cost accounting or administration accountancy

Unlike basic accounting, it is elective for companies yet strongly advised. Its main purpose: to assess all the costs related to the activity of the business and also to establish the different factors of productivity. Planned mainly for company supervisors to allow them to make the right choices, it is an bookkeeping system based upon the analysis of charges as well as costs, it intends to examine and also establish expenses and the logical outcomes of product or services that the firm offers.

It informs the managers and workers of a company in the various administration, planning, company, as well as control decisions.

National accounts

An important tool for recognizing the nation's economic situation, the objective of national accounts is to map the financial activity of a country during a certain period, normally equal to one year. Similar to a business, national accounts enable a state to understand its scenario at a provided moment and also to sustain future choices. It is to name a few things on the basis of the accounts issued and also published by each company that the national accounts are edited. The main indicator released by the national accounts is the GDP, amount of the included worths of each firm.

Public accounting

Public bookkeeping is a collection of macroeconomic procedures that figure out the income and also expense of the state and public neighborhoods.

KEEPING ACCOUNTS: AN RESPONSIBILITY FOR ALL COMPANIES?

All business and industrial business are needed to keep accounts. According to article L123-12 et seq. Of the French Commercial Code, " any type of natural or legal individual having the standing of the investor need to sign up the motions impacting the possessions of his company. These activities are tape-recorded chronologically ".

Nevertheless, some of them may take advantage of reductions, or even exemptions: the instance specifically of firms dropping under the micro-BIC and micro-BNC regimens.

THE DIFFERENT ACTORS IN ACCOUNTANCY

Thus, nearly all business, whatever their dimension and field of activity, can not do without accountants! This discipline unites a selection of occupations: bookkeeping assistant, bookkeeping secretary, accounting professional, chartered accountant, administrative and also monetary director, auditor, and so on. The bookkeeping market provides many possibilities in regards to occupation development as well as employment, even if it is not successful, specifically amongst youngsters.

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