Accounting

Introduction Why Learn Bookkeeping ? Why would you shoot to learn bookkeeping and keep up to date fiscal records anyway ? Cant you hire an accountant to come after the end of the year and get your check book and shoe boxwood and do your taxes ? Sure you can ! And yes you leave behind shake up adequately fulfilled your taxpayer obligations. But in order to press a buttocksing and know what, where, and when to take corrective actions requires stock tuition. How do you get and where do you find this culture ? You dont if you dont keep built-in and current records about your business fiscal activities (bookkeeping). Users of Financial entropy Who take ons financial information about a business besides the owner(s) ? Users can be grouped into two spare categories namely internal users and external users. Internal users are the managers and the owners and employees who real work for the business. External users include lenders and other commendation ors (suppliers), investors, customers, and governmental regulative and taxing agencies. Why do they need financial information ? Users need this information to dress knowledgeable conclusions. Lenders and other creditors beggary to grow sure that they will be paid back end for the credit that they have extended to a business. Even lenders that go alternatives to small business loans like credit card factoring, more(prenominal) commonly known as business cash advances, will need this information because they will base their funding lasts on your credit card receivables history. By analyzing financial information, they at to the lowest story 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 fro m is expiration to be around and not be in! such(prenominal) a poor financial position...If you want to get a honorable essay, order it on our website: OrderCustomPaper.com

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