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Optimize the management of your business through accounting:

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In order for accounting to fulfill its role as a management optimizer properly, it must be based on a reliable and quality raw material. For best accountancy training Best school of accountancy In Lahore . This is why it is essential to set up the accounting software correctly upstream and in particular to ensure that there are no duplicates (supplier cards created twice, for example). Keeping your bookkeeping up to date Delivering timely and useful information requires you to enter your books on a regular basis (or to have your accounts entered if it is entrusted to a public accountant ). The frequency can be daily, weekly or monthly. It is advisable to carry out, at the end of each wave of accounting records, a process of light auditing. Save time on a daily basis Optimizing the management of your business does not necessarily mean spending more time on its accounting. Numerous tools can reduce the time that it is dedicated . They are grouped together in a technological e...
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Optimize the management of your business through accounting

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The accounting is generally perceived by companies as an administrative burden while it can represent a real opportunity in terms of management optimization. Moreover, it constitutes the foundation . Compta-Facile chose to highlight this rather unknown aspect of accounting by answering questions: why and how to use accounting to optimize the management of its business ? NB : Accounting is understood here in the sense of the general accounting , the discipline consisting in translating and recording in the accounts of the company all the cash flows that concern it. All transactions resulting therefrom are therefore covered, in particular: accounting seizure (recording of invoices for purchases / sales, bank statements, social and tax declarations, etc.), audit work and establishment Of the annual accounts. Optimize the management of your company with the accounting The Accounting  is the information system that centralizes information about the company. It collects and pro...
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Recording an accounting entry

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An accounting entry is saved in a document called an accounting journal. For best training Best school of accountancy In Lahore . In practice, there is usually a centralized journal that groups together different auxiliary journals (they are created at the choice of the company and especially according to its needs). Here are the ones that are generally open: The purchasing log grouping the records of purchase invoices, The sales journal gathering records of sales invoices, The bank journal, which contains the records of bank statements, The cash journal containing the cash register records (cash in particular), The payroll, which contains records of payroll records, The journal of miscellaneous transactions gathering the registrations of VAT returns, inventory entries and other regularization entries . When the company uses accounting software , its logs are dematerialized and managed automatically. They are automatically compiled and centralized in the general journ...
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Justification for an accounting entry

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All accounting entries must be backed up by a documentary evidence (in other words, supporting accounting documents). For purchases and sales, it is usually the invoices that perform this function. For the bank, it is the bank statements. For the crate, it is the fog. For payroll records, it is payroll slips and payrolls. It is generally advisable to number them correctly and to post this number within the accounting entry in order to be able to find the document quickly if necessary (for invoices it will be possible to retain Example, the invoice number as it appears). Composition of an accounting entry Any accounting entry must contain at least the following information: The date of the transaction (usually the invoice date); The reference of the documentary evidence of the operation (number identifying the document); The wording of the operation (description of flow); The active accounts in the transaction (cash charges); The amount of the transaction (valuation ...
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What is an accounting entry?

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Companies that take themselves their accounts are made to record the accounting entries on their books and, especially, in their newspapers. For best accountancy training Best school of accountancy In Lahore . The accounting entries are the raw material of accounting , they are essential to produce quality financial information, which is why it is necessary to understand what it is. Compta-Facile answers here the question: what is an accounting entry ? Definition of an accounting entry The objective of accounting is to produce reliable, comparable, sincere, regular and clear financial information. For this, any flow impacting the company, ie its assets or business, must be recorded in the accounts. This is the very definition of an accounting entry : it reflects the financial impact of a flow in the company 's accounts. An accounting entry therefore constitutes the financial transcription of a flow in the accounts of an enterprise . Flows can be of any kind: financial flo...
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