Many growing businesses today, ranging from small businesses to big, from simple business to the complex. There must be a difference in these levels, ranging from the production method, the recording system of supply raw materials to finish good, delivery system until the system of financial records.
In big companies, all departments or sections have a good management system. But in the middle to lower companies, not a few who ignore the importance of a management system or arrangement of business as a whole, especially its financial management.
In every business, a good recording system is needed to determine the actual state of the company, as well as a means of decision-makers in solving a problem. Especially in the financial recording system, because not only the company need this information but others also need it ,such as taxes, investors, and others.
This is an accounting function, to develop an appropriate reporting system to the needs of a company's information.
Accounting itself is a process that identifies the financial data, records, and as a result, the financial statements. There is little difference between the accounting and bookkeeping. Bookkeeping is actually part of the process of accounting records alone. While accounting includes the identification and communication.
The financial statements are the end result of the accounting process. Reports including the profit / loss, report changes in capital, balance sheet, and cash flow statements. Loss / profit is used to give a picture of the company's financial performance, while identifying the balance of the company's financial position. Financial position in this regard is the position of property, debt, and capital. Financial reporting purposes is to provide information to certain parties regarding the position, performance, and changes in financial position so useful as the basis of economic decision making / business.
Indonesia, like many other countries, its economy is dominated by medium and small companies are still not very aware of fully accounting purposes. Broadly speaking, a store can determine its financial condition. If favorable, the stocks will increase a lot and otherwise. But if someone ask how many real benefits, they can not know.
Things like this very much found everywhere, not only in Indonesia. If indeed there is applied an accounting system, usually just for a formality.
Actually, if this kind of business accounting needs? The answer is not always true. Depending on the cost and benefitnya. In general, the use of accounting are:
This is an accounting function, to develop an appropriate reporting system to the needs of a company's information.
Accounting itself is a process that identifies the financial data, records, and as a result, the financial statements. There is little difference between the accounting and bookkeeping. Bookkeeping is actually part of the process of accounting records alone. While accounting includes the identification and communication.
The financial statements are the end result of the accounting process. Reports including the profit / loss, report changes in capital, balance sheet, and cash flow statements. Loss / profit is used to give a picture of the company's financial performance, while identifying the balance of the company's financial position. Financial position in this regard is the position of property, debt, and capital. Financial reporting purposes is to provide information to certain parties regarding the position, performance, and changes in financial position so useful as the basis of economic decision making / business.
Indonesia, like many other countries, its economy is dominated by medium and small companies are still not very aware of fully accounting purposes. Broadly speaking, a store can determine its financial condition. If favorable, the stocks will increase a lot and otherwise. But if someone ask how many real benefits, they can not know.
Things like this very much found everywhere, not only in Indonesia. If indeed there is applied an accounting system, usually just for a formality.
Actually, if this kind of business accounting needs? The answer is not always true. Depending on the cost and benefitnya. In general, the use of accounting are:
- owners can see the advantage for certain companies
- control costs more easily
- monitoring of corporate assets
- liquidity and solvency of certain
- financial forecast
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