One of the key positions of any business is accounting, although not directly involved in the process generate revenue. But accountants have significant role. So, accounting is what? And the work of the accountant's what's included? Let's find out through the article below of Lac Viet AccNet to better understand this issue.
1.You got that right accounting what is not?
Let's us Vietnam Accnet learn more about the accounting right after this.
1.1 accounting what is?
With an important role in the financial management of an organization, accounting is defined as someone who is responsible for recording, test, analyze, and provide information about the financial situation of the business.
Accounting is responsible for collecting, processing, and analysis of data on costs, revenues, profits and assets of the organization, from it to create the financial statements and financial forecasts to help manage the right decision. Having a professional accounting and understanding are extremely important for an organization to operate efficiently and sustainably.
2.2 the Role of accounting
Accounting department plays a role of utmost importance in the field of economic management, from scope management in each unit, agency, business until the management scope of the entire economy.
Accounting has the task of recording, collecting, processing and providing information to reflect the financial activities of an organization, business, state agencies, business establishments, private... to reflect the formation and movements of assets in the process of operation of the organization.
In addition, accounting is divided into two types: business accounting and public accounting. Business accounting application in the business activities with the main objective is the business profitable, while the public accountant apply at the organization not for trading purposes lucrative as the charity organization society, state institutions and other organizations.
2.The work of the accountant need to do in business
The task of accounting in the business can mention the following works:
- Collect information: management accounting business needs to collect information from the economic activity and financial arise in the business to take on the accounting documents.
- Manage revenues and expenses: the accounting to manage the revenues and expenses incurred under the provisions of the organization and control of the voucher attached.
- Control accounting: accounting need to control the vouchers relevant to the operation of revenues and expenditures arising every day in your business to ensure the accuracy of these activities.
- Notes on books accounting: accounting to record the data of the economic activity arising in business in a specific manner, complete, accurate and timely, then the sum and record it in the ledger.
- Financial reporting: the accounting review the data in window management accounting and establishment of the financial statements to be submitted to the leader board. The information in the report, general accounting is an important base to leadership decision making adjustments for the active development of the business.
3. Today in business have the kind of accounting, how?
Now in business in addition to the type of accounting stated above, there are a number of other accounting as:
- Tax accounting: who Is responsible for the calculation, declaration and payment of taxes for business. The work of tax accounting is to ensure businesses comply with tax regulations, and avoid the penalty tax.
- Internal accounting: who Is responsible for managing the internal financial of the business, including cost control, asset management, budget management, etc. The purpose of internal accounting is financial security of the enterprise is using a most effective way.
- Fund accounting: who Is responsible for managing the activities related to the fund's business, including management, investments, asset management, allocation of profits, etc.
- Accounting budget: who Is responsible for managing the budget of the organization and state authorities, including the financial planning, budget allocation, monitoring the use of the budget, etc.
- Accounting risk management: who Is responsible for assessment, management and mitigation of the risks in the business operations of the business. The work of management accounting risks including the risk analysis, plan risk mitigation, to assess the effectiveness of measures to reduce risks, etc.
4. The work of the accounting profession requires what is required?
The conditions and skills necessary for a professional accountant as:
- Knowledge of the law and tax: To ensure the accuracy and true law in the process of work, the accountant need to master the rules of law and tax.
- Skills handle material: accountants have to handle a large amount of material related to finance, revenue, cost,... so, the accountant should have the skills to manage and handle documents quickly, accurately and efficiently.
- Careful and honest: Because accountants must work with the financial information is sensitive, so accountants need to be careful and honest to ensure accuracy and transparency in work.
- High sense of responsibility: accounting to ensure accuracy and timely in his work, so accountants need to have a high sense of responsibility and commitment to performing work in the best way.
- Skills problem solving: In the process of work, the accountant will encounter many difficult problems and have to have skill to solve problems quickly and effectively to ensure accuracy in work.
- Teamwork skills: accountants often work in a team environment, so you need to have skills, good team work to achieve high efficiency in work.
5. Software tool support accounting business modern times?
Accounting software synthesis tool is becoming an important means to help businesses save time, costs and increase the accuracy, while minimizing errors and fouls in the process of declaration of financial management - tax.
The management/tracking bookkeeping is a complex task, especially when businesses have to batch processing invoices, expense reports, financial crafts. Minor mistakes can lead to major consequences, from the false data to compliance with the legal provisions, creating pressure for accounting.
Accnet Cloud HKD is the solution to help you overcome these challenges. With the ability to automate the accounting process, data updates constantly, create accurate reports, Accnet Cloud HKD ensure all financial transactions are to be managed closely. Thus, businesses can optimize performance, work focused on the development of business. Discover now Accnet Cloud HKD to simplify the accounting work, seize every opportunity to grow!
ACCOUNTING SOLUTIONS SMART ACCNET CLOUD HKD
With technology cloud advanced AccNet Cloud HKD allows businesses to control, comprehensive financial anytime, anywhere. Integrated system management books, invoices, financial statements, asset management, fixed, collated automatically. All processes are streamlined, minimize errors and maximize work efficiency.
Benefits of using accounting software AccNet Cloud HKD:
- Automates the entire accounting process
- Save operating costs thanks to the elimination of hardware investment
- Access accounting data from anywhere through cloud platform
- Data is always stored immediately
- Security financial data, absolute safety
- Intuitive interface, user friendly
- Smooth connection to the ERP system
- Constant updates of the provisions current accounting
AccNet Cloud HKD the is a strategic partner in the journey that lead the business to success. Select Vietnam - Choose the superior option difference.
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