How Is Accounting Done?

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How Is Accounting Done?
How Is Accounting Done?

Video: How Is Accounting Done?

Video: How Is Accounting Done?
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Russian companies, regardless of their organizational and legal form and taxation system, must maintain accounting records. That is, register business transactions in special documents.

How is accounting done?
How is accounting done?

Instructions

Step 1

The way you do your accounting differs depending on the taxation system you have chosen. Let's say you are a legal entity applying the general taxation regime. In this case, you are obliged to report to the higher authorities on all transactions on a quarterly basis. Your responsibilities include drawing up registers, tax documents, tax returns, financial statements, etc.

Step 2

If your company has a large turnover, it is advisable to purchase a licensed 1C program. Accounting for transactions will be automated. Also, you must hire an accountant or several (depending on the workflow). Take care of the appointment of the chief accountant, you must sign an agreement with him, which will stipulate his duties, rights and responsibilities. The last point is the most important, because the chief accountant signs all documents (including banking ones), monitors the correctness of transactions and the legality of their implementation.

Step 3

If you have just decided to register a company with the tax authorities, you must complete the incorporation documents. In the accounting policy of the organization, write down all the nuances of accounting, for example, how you will accrue depreciation on property, how fuel and lubricants will be written off, etc. This document is the most important in the activities of the organization, so it is better to entrust its preparation to professionals (of course, before that, agree on some methods of accounting for transactions).

Step 4

In the course of the company's activity, carefully monitor the correctness of the paperwork. All transactions must be economically justified and proven. Fill out the documents carefully, because some forms cannot be amended (for example, in cash and bank papers).

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