Accounting

Introduction Why Learn Bookkeeping ? Why would you drive to learn bookkeeping and keep up to date pecuniary records anyway ? Cant you hire an accountant to come after the supplant of the year and get your check book and shoe boxful and do your taxes ? Sure you can ! And yes you leave behind dupe adequately fulfilled your taxpayer obligations. But in order to accomplish a buttocksing and know what, where, and when to take corrective actions requires production line tuition. How do you get and where do you find this breeding ? You dont if you dont keep inviolate and current records about your business financial activities (bookkeeping). Users of Financial data Who reads financial information about a business besides the owner(s) ? Users can be grouped into two costless categories namely internal users and external users. Internal users are the managers and the owners and employees who really work for the business. External users include lenders and other trustors (suppliers), investors, customers, and governmental regulatory and taxing agencies. Why do they need financial information ? Users need this information to dress knowledgeable conclusions. Lenders and other creditors motivation to discharge sure that they will be paid covert for the credit that they have extended to a business.

Even lenders that tack together alternatives to small business loans like credit card factoring, more(prenominal) normally known as business cash advances, will need this information because they will base their funding stopping points on your credit card r eceivables history. By analyzing financial i! nformation, they at to the lowest spot have something to base their lending or credit decision on. The days of the friendly banker are gone. You need to provide them with financial information as a basis for their loan decisions. A good ole boy handshake wont cut it now. Similarly, customers want to make sure that the business theyre buying products or services from is destruction to be around and not be in such(prenominal) a poor financial position...If you want to get a exuberant essay, order it on our website: OrderCustomPaper.com

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