The task of accounting is to document the profitability of a company. The operations of the company, which can be evidenced by numbers are mapped with the methods of accounting time and objectively, recorded and posted to accounts. The accounts are collected at the end of a billing period (year, quarter, month) and create a profit and loss statement (p & l) or balance sheet. The tax, even for small businesses and self-employed persons, the profit and loss account is mandatory. The balance sheet, particularly larger companies, must be published. The Accounting Department of a company is divided into different departments.

The operations necessary for the bookings and Kontenabschlusse are processed in financial accounting and rated, financial accounting is the most important part of the accounting system. Each company needs suppliers and serving customers. Payable, responsible for the suppliers of the accounts payable all operations, run the dealing with suppliers have until the goods are paid. This process does not produce liabilities in accounting. The receivable is responsible for working with the customers.

She advises the goods until their payment. The goods will be posted in the accounting until its payment, as a demand. In the possession of the company long-lasting are still machines, buildings and other assets. They are managed in asset accounting. Another big area is the wage and payroll. This field of the accounting is as you easily recognized, processed in payroll. Now the entrepreneurs want to know which department or which operating of part of costs which. Contact information is here: Sonya Reines-Djivanides. This part of the accounting is the cost and performance accounting. For the posting of transactions in materials management in turn is the quantity and stock accounting charge. Today, the energy accounting is a further important areas of accounting, companies in difficult situations can bring the rising energy costs. The The double-entry bookkeeping is the basis for all booking records. So, it can be guaranteed that no incorrect entries arise. The editing has become but easier in the age of the computer, because good accounting programs take over this task.