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1. Fundamentals of accounting in one article Instead of introducing: This manual allows you to master the basics of accounting in the shortest possible time. accountants in slough The manual is written in a simple and accessible language and is designed in such a way that anyone can easily master the material that is taught at the institute for two years or more. During testing, this material was read by people who were not familiar with accounting in general, but after reading it, they could read the statements and independently draw up accounting transactions. Table of contents •Chart of accounts or the basis of accounting thinking. •Operations and Postings - General Understanding •Reporting. How to write a report and how to read a report that was not written by you. •Instead of a conclusion. Chart of accounts or the basis of accounting thinking: All accounting is based on a chart of accounts. Let's figure out what this scary concept is - an Account Plan. In fact, there is nothing wrong here. A chart of accounts is simply a list that contains accounting accounts. Then what is an accounting account? After such a question, I would like to get into the jungle of all kinds of terms and concepts that are not clear to anyone, and therefore useless, but we will act differently. cheap accountants in slough Using a simple example, we will draw up our own small chart of accounts and along the way we will figure out where it comes from.

2. Fundamentals of accounting in one article Operations and Postings - General Understanding: In the first chapter, we created our own Chart of Accounts. Each account of this Chart of Accounts has a name and a code. The name of each account makes it clear what each account is for. For example, we have a Cash account, that is, when we created it, we assumed that all our cash would be kept in this account. According to the Goods account, we have organized the storage of the Incoming goods. We will store customer debts in the Customer Debt account. Etc. Reporting. How to write a report and how to read a report that was not written by you: In the last chapter, we did three transactions and recorded them in the ledger. Now imagine the situation: you need to find out how much money you have in the Cashier? How much do we owe the supplier? Do we have debtors, if any, how much do they owe us? We can get answers to all these questions by analyzing the state of accounts or, as they say, using reporting. There are two types of reporting in accounting: Analyzing balances (Balance) and analyzing turnover (Negotiable). If we are talking about leftovers, then they are tied to a specific point in time. Instead of conclusion: I am glad, dear reader, that you have reached these lines. In conclusion, I would like to talk a little about the accounting systems adopted at the moment in the world. This information is not critical and ignorance of it will not prevent you from knowing the basics of accounting. But it can be very useful for the outlook. Accounting systems: In this chapter, we will get acquainted with such a concept as an accounting system and what systems exist. An accounting system is a set of rules by which actions with resources are accounted for. Resources are any values, for example, money, goods, real estate, labor, brand, etc. At the moment, the world has adopted two accounting systems: Anglo-Saxon and Continental. What does it mean? If you go a little deeper into history, you can find that in some countries the main capital invested in the economy was loans from banks (or other financial structures or even the state), while in other countries it was the capital of private individuals and large investors. accountants near me Therefore, the laws of these countries were created or adjusted under the protection of either banks or individuals. Accordingly, the requirements for accounting systems were different. For example, under the credit (continental) system, the main requirement for accounting is the repayment of the loan.