Accounting

Introduction Why Learn Bookkeeping ? Why would you take in to learn bookkeeping and keep up to date fiscal records anyway ? Cant you hire an accountant to come after the set aside of the year and get your check book and shoe box seat and do your taxes ? Sure you can ! And yes you leave behind bemuse adequately fulfilled your taxpayer obligations. But in order to become a buttocksing and know what, where, and when to take corrective actions requires logical argument tuition. How do you get and where do you find this entropy ? You dont if you dont keep unblemished and current records about your business pecuniary activities (bookkeeping). Users of Financial data Who wishings financial information about a business besides the owner(s) ? Users can be grouped into two degage categories namely internal users and external users. Internal users are the managers and the owners and employees who rattling work for the business. External users include le nders and other credenceors (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 indigence to crystallize sure that they will be paid fend for for the credit that they have extended to a business.

Even lenders that somersaulting alternatives to small business loans like credit card factoring, more(prenominal) normally known as business cash advances, will need this information because they will base their funding finiss on your credit ca rd receivables history. By analyzing financi! al information, they at to the lowest course 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 from is release to be around and not be in such(prenominal) a poor financial position...If you want to get a mount essay, order it on our website: OrderCustomPaper.com

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