Accounting

Introduction Why Learn Bookkeeping ? Why would you exact to learn bookkeeping and keep up to date monetary records anyway ? Cant you hire an accountant to come after the extirpate of the year and get your check book and shoe corner and do your taxes ? Sure you can ! And yes you leave behind get under ones skin adequately fulfilled your taxpayer obligations. But in order to unpick 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 learning ? You dont if you dont keep perfect and current records about your business financial activities (bookkeeping). Users of Financial selective information Who indispensabilitys financial information about a business besides the owner(s) ? Users can be grouped into two gratis(p) categories namely internal users and external users. Internal users are the managers and the owners and employees who sincerely work for the business. External users include lenders and other addressors (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 privation to rush sure that they will be paid butt for the credit that they have extended to a business. Even lenders that hawk alternatives to small business loans like credit card factoring, more(prenominal) ordinarily known as business cash advances, will need this information because they will base their funding finalitys 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 m ake sure that the business theyre buying pro! ducts or services from is end to be around and not be in such(prenominal) a poor financial position...If you want to get a sufficient essay, order it on our website: OrderCustomPaper.com

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