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Monetary bookkeeping posts exchanges that are vital for bookkeeping and benefit and misfortune bookkeeping.
The records receivable division measures the receivables from clients.
Records Payable cycles the payables to providers.
Resource bookkeeping oversees fixed resources.
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Bookkeeping is the way toward recording monetary exchanges relating to a business. ... The budget summaries utilized in bookkeeping are a compact rundown of monetary exchanges over a bookkeeping period, summing up an organization's tasks, monetary position and incomes.
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Terminology. In relation to accounts , the following terms are usually used : ... Credit, credit or date: register a value in the credit of an account . Balance: difference between the sum of the amounts recorded in the debit and those recorded in the credit of a certain account .
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How to find an accountant for an individual entrepreneur: selection criteria
Work experience is the first thing the head of the company looks at when choosing a candidate for the position of accountants near me. However, first it is necessary to determine the role of the accountant and the level of his participation in the financial affairs of the enterprise. Statistics show that approximately 90% of small and medium-sized business owners entrust their accountant with the responsibility for planning financial and economic activities. And only 10% of businessmen understand that an accountant should not replace a financial analyst and a findir, and assign only standard job duties to him.
If the company needs a narrowly focused specialist, for example, in payroll or in the submission of financial statements and other documentation, then you should not expect him to actively participate in tax and financial planning of the company's activities.
What else do employers look for when looking for the right accountant? Education, work experience in a similar position, recommendations from previous jobs, skills in specialized accounting programs, the ability to quickly and efficiently master new programs and applications, work in a team and be a leader. The main qualities of a class accountant also include honesty, attention to detail, accuracy in actions, perseverance, competent planning of working hours and a tendency to routine work. But knowledge of IFRS, perfect command of foreign languages and understanding of the principles of modern business culture is more in demand in large companies and corporations.
Accountant's area of responsibility
The accountant is the second person in the company in terms of financial value. All cash flows of the enterprise pass through it. The chief accountant is responsible for communicating with regulatory authorities and paying taxes on time. It should be a reliable rear of the company in any situation.
His responsibilities usually include:
· accounting, tax and management accounting firm in slough in all areas - working with primary documentation, electronic databases, generating reports, maintaining financial statements in accordance with national or international standards, payroll and other operations
· preparation of the accounting policy of the company - the development of effective accounting methods that should be applied by the head office and branches of the enterprise
· Interaction with regulatory authorities - timely submission of documents to the relevant organizations, control of inspections, protection from violations.
How to find a chief accountant and assess his competence?
Most applicants for the position of accountant are dropped out at the resume stage. Then the remaining candidates are interviewed with HR-s, they are tested for stress resistance, punctuality, the ability to reasonably defend their point of view, be loyal and financially responsible. After this selection, there are several people who will have to talk with experts in the profession.
You can choose the best candidate for the position as follows:
1. Conduct an interview with a company specialist.
If you are looking for an accountant or his assistant, let the chief accountant evaluate the professional qualities of the applicant for the position.
2. Invite a specialist from outside.
The chief accountant should be assessed by the head of the company and the chief accountant of another partner company with more developed competencies or by the auditor. Only in this way can you choose the best of the best.
This method is reliable, but it requires additional material costs if you order services on the side, and is limited in time, since it is necessary to adapt to the "appraiser".
3. Conduct profile testing.
The accountant in charge of payroll should be assigned a payroll test. For the accountant for the delivery of financial statements - a test for the correct calculation of the financial and economic indicators of the enterprise and filling out the main reporting forms. The chief accountant needs an advanced level of tests on all topics with complex practical problems to solve.
Summary. Each suggested method of finding a good accountant has its own pros and cons. To achieve the desired result, you must:
· determine the role of the future specialist in the company's activities
· agree on a decent, competitive salary for him
· Choose a way to search for a candidate for a vacant position.
The main thing to remember: when looking for a normal accountancy firm in slough, you need to rely on the needs of the company, the sought-after professional and personal qualities of the applicant and the specifics of the company's activities.
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Accounting can be a number of areas, including accounting, finance, accounting management, external auditing, accounting, tax and accounting expenses divided.
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Accounting refers to the form of collecting, recording, classifying and making conclusions about accounting.
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The scriptures accounting are those documents necessary to enable constant control of the business, allowing the entrepreneur management.
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Balance Sheet and Income Statement represent the main accounting tables of the Financial Statements
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The definition of accounting has also been referred to as the language of business to measure results.
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