{"id":8843,"date":"2018-05-31T16:10:25","date_gmt":"2018-05-31T21:10:25","guid":{"rendered":"http:\/\/quadranslawandfinance.com\/?p=8843"},"modified":"2018-06-20T17:00:33","modified_gmt":"2018-06-20T22:00:33","slug":"importance-business-accounting","status":"publish","type":"post","link":"https:\/\/quadranslawandfinance.com\/en\/blog\/importance-business-accounting\/","title":{"rendered":"The importance of having a correct business accounting"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>The importance of having a correct business accounting<\/strong><\/span><\/h1>\n<p><span style=\"color: #000000;\">The account management is known as business accounting, this means that all the economic and financial operations thar are made in a company are accounted for.<\/span><\/p>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\"><a style=\"background: url('http:\/\/twitter.antoniorull.com\/img\/tuit.png') right top no-repeat rgba(0, 152, 209, 0.1); padding-right: 15px; color: #000000;\" href=\"https:\/\/twitter.com\/intent\/tweet?url=http%3A%2F%2Fquadranslawandfinance.com&amp;text=Business%20accounting%20is%20fundamental%20for%20the%20right%20performance%20of%20any%20company. \" target=\"_blank\" rel=\"noopener\">Business accounting is fundamental for the right performance of any company.<\/a><\/span><\/h3>\n<p><span style=\"color: #000000;\">Learning how to have a correct business accounting allows to acknowledge the situation of a company day by day, besides, it also lets what is done with the company&#8217;s money and all the benefits that are obtained from the activity it does are also known<\/span><\/p>\n<p><span style=\"color: #000000;\">Business accounting may help you organize and keep the financial situation fresh, with entrepreneurs and Pymes (small and medium companies); you must consider that any action done in the company must be registered:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Charges.<\/span><\/li>\n<li><span style=\"color: #000000;\">Balances.<\/span><\/li>\n<li><span style=\"color: #000000;\">Loans.<\/span><\/li>\n<li><span style=\"color: #000000;\">Debts.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\"><a style=\"background: url('http:\/\/twitter.antoniorull.com\/img\/tuit.png') right top no-repeat rgba(0, 152, 209, 0.1); padding-right: 15px; color: #000000;\" href=\"https:\/\/twitter.com\/intent\/tweet?url=http%3A%2F%2Fquadranslawandfinance.com&amp;text=Knowing%20the%20current%20situation%20of%20the%20company%20helps%20to%20improve%20making%20decisions. \" target=\"_blank\" rel=\"noopener\">Knowing the current situation of the company helps to improve making decisions.<\/a><\/span><\/h3>\n<p><span style=\"color: #000000;\">Having a bad account management, for unknowing about it or not knowing the complete process, may affect a company deeply, especially\u00a0 when it is from a new company.<\/span><\/p>\n<h2><span style=\"color: #000000;\">Steps needed to have a correct business accounting.<\/span><\/h2>\n<ul>\n<li>\n<h4><span style=\"color: #000000;\">To have all the accounting documents<\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Keep all the documents that prove any financial operation in the same place, this will justify the veracity of the account management.<\/span><\/p>\n<ul>\n<li>\n<h4><span style=\"color: #000000;\">Having a record of incomes and outcomes<\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Incomes and outcomes must be organized chronologically, the best way of doing so is by month, but it could be done every trimester or every fourth months<\/span><\/p>\n<ul>\n<li>\n<h4><span style=\"color: #000000;\">Keep the taxes in mind<\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Every year and every three months, you must present to Hacienda (mexican IRS) the tax return, to do so you must present all the accounting books and the annual bills in the Business Register.<\/span><\/p>\n<ul>\n<li>\n<h4><span style=\"color: #000000;\">Have proof of minutes, accounts and balances<\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">To avoid duplicates or mistakes, minutes, accounts and balances must always be verified.<\/span><\/p>\n<ul>\n<li>\n<h4><span style=\"color: #000000;\">Keep the accounting up to date<\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Having the accounts and records up to date will help knowing the financial situation of your company to make a general balance in a specific time.<\/span><\/p>\n<p><span style=\"color: #000000;\">Having your business accounting with Quadrans will give you economic information to know everything that goes on your company and if the goals you have established are being reached or not, besides, you will be able to make safer decisions according to the results.<\/span><\/p>\n<blockquote>\n<h4 style=\"text-align: center;\"><strong><span style=\"color: #000000;\">When an expert manages your company accounting correctly, legal and tax-related issues may be avoided.<\/span><\/strong><\/h4>\n<\/blockquote>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\">Legal and Accounting Consultancy in Playa del Carmen.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The importance of having a correct business accounting The account management is known as business accounting, this means that all the economic and financial operations thar are made in a company are accounted for. Business accounting is fundamental for the right performance of any company. Learning how to have a correct business accounting allows to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":8630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-8843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accountant"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The importance of having a correct business accounting - QuAdrans law and finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quadranslawandfinance.com\/en\/blog\/importance-business-accounting\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The importance of having a correct business accounting - QuAdrans law and finance\" \/>\n<meta name=\"twitter:description\" content=\"The importance of having a correct business accounting The account management is known as business accounting, this means that all the economic and financial operations thar are made in a company are accounted for. 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