Managing a business is a difficult job. Business needs on-hand management which means as an owner you have to monitor every detail of your business. It is important that you know what's going on at the actual creation of the products, at the HR Department, manpower services, marketing, and the financial accounts of your business.
Finance is the most important part of it since this is the department where the business depends on how long the business stays. It is the department where Bookkeeping and Accounting comes in. Bookkeeping is the process of maintaining the financial records of accountants to its right place and use while Accounting is a conceptual which means it's the boss of bookkeeping. Accounting provides the concepts and procedures of how money should be spent. Accountants provide the answers to "WHY" and "HOW" will you spend your money for your business. Bookkeeping is like the right hand of Accounting on which it prepares all paper works and necessary documents to be on the process of safety and availability.
When we talk about money it is really a big deal for everyone. Money is what we use for living. For business owners it is very important for them to have good financial systems which require excellent bookkeeping plans and accounting systems. Bookkeepers have a crucial job. They perform a critical function for the company. They keep the financial records of every financial transaction that the company do. Bookkeepers must have courage to arrange every detail even the smallest detail for every financial document needed. They maintain the accuracy and precise documents. They produce the document needed by the employers and employee. They are in charge of updating the financial condition of the company. They are also in charge on producing vital reports that keep management up to date on the financial condition of their company.
Accountants prepare for the financial work-flow. They create the easiest way to manage the company's financial assets. They provides the answers of how, why, what, where and when did the money spent. Usually, the business owner asks all financial report from the accountants and then the accountants rely on their bookkeepers to prepare all the documents and paper works. Accounting is a difficult task especially you're dealing with money. The business future relies on your hands and how you will make the business on progress. The Accounting and Bookkeeping must work together for the company's benefit. They must know what are their main rules and function so that they will be able to help and support the financial system of the company.
Finance is the most important part of it since this is the department where the business depends on how long the business stays. It is the department where Bookkeeping and Accounting comes in. Bookkeeping is the process of maintaining the financial records of accountants to its right place and use while Accounting is a conceptual which means it's the boss of bookkeeping. Accounting provides the concepts and procedures of how money should be spent. Accountants provide the answers to "WHY" and "HOW" will you spend your money for your business. Bookkeeping is like the right hand of Accounting on which it prepares all paper works and necessary documents to be on the process of safety and availability.
When we talk about money it is really a big deal for everyone. Money is what we use for living. For business owners it is very important for them to have good financial systems which require excellent bookkeeping plans and accounting systems. Bookkeepers have a crucial job. They perform a critical function for the company. They keep the financial records of every financial transaction that the company do. Bookkeepers must have courage to arrange every detail even the smallest detail for every financial document needed. They maintain the accuracy and precise documents. They produce the document needed by the employers and employee. They are in charge of updating the financial condition of the company. They are also in charge on producing vital reports that keep management up to date on the financial condition of their company.
Accountants prepare for the financial work-flow. They create the easiest way to manage the company's financial assets. They provides the answers of how, why, what, where and when did the money spent. Usually, the business owner asks all financial report from the accountants and then the accountants rely on their bookkeepers to prepare all the documents and paper works. Accounting is a difficult task especially you're dealing with money. The business future relies on your hands and how you will make the business on progress. The Accounting and Bookkeeping must work together for the company's benefit. They must know what are their main rules and function so that they will be able to help and support the financial system of the company.