Bookkeeping

Bookkeeping is a key component of a reporting unit as the basis for the external accounts to the company’s external stakeholders, form the cornerstone of internal accounts used in financial management and is the foundation for the income tax return.

Bookkeeping Law and bookkeeping standards require what an annual or an annual report shall contain and set rules for when, how and to what value of different items to be reported in financial statements or annual report. It is important to be aware of the accounting laws and bookkeeping service standards to be applied to it right from the beginning of the records and making closing process easier.

The book, which must in addition be familiar with accounting regulations and accounting standards also know the Income Tax Act and VAT Act. When a business event should be recorded, the accounting administrator to know the tax consequences that this business transaction has since already at the time of recording must take into account the statements in the tax return and tax return for the VAT.

The economic governance of a company requires in the internal monitoring reports shall contain, and when, how and to what value of different items to be shown in their internal accounting systems. The internal bookkeeping means that internal business events to be recorded, the entries shall be recorded at different calculation objects and items to be valued differently from the valuation in the external accounts.

We describe individual business events and provides specific coding proposals for their business transactions should be recorded based on accounting theory, accounting laws, accounting standards, the Income Tax Act and VAT Act.