You Should Know These Important Steps In Bookkeeping

In a company’s financial bookkeeping, the transaction you record is not only related to money but also goods. You also need to record the number of items that enter and exit continuously every day xero bookkeeping services. The higher the level of sales, the higher the intensity of the number of items coming in and going in. By having a stock book, you can monitor and supervise the inventory in the company.

Especially if in the future you want to target having several branches in several cities, by making a stock book, it will really help you develop warehouse management better and optimally. In addition, book stock items can also help you to avoid fraud that can be done by suppliers and employees of the company. Additionally, you may also hire xero bookkeeping services if you want to manage your financial record more efficiently.

Goods Inventory Book

Next, you also need to make an inventory book of items that are used to record all company items that have been purchased and managed. All types of goods owned by the company either purchased through the budget or grants or donations must be included in the inventory book record. Having inventory records will keep each company’s assets under control. In addition to maintaining company assets, the inventory book also has the following functions:

Facilitate supervision.
Prevent so that items are not easily lost.
Make it easy to check items.
Facilitate mutation or removal of goods.
Have written evidence of the management of goods so that they can be accounted for.

Book of Profit and Loss

The last book you need to prepare to make financial bookkeeping is simply a profit and loss book. The income statement book is used to record company income and expenses for a certain period. By making these records you can find out whether the company is in a condition of having a profit (profit) or even a loss. In companies with large scale, the income statement also functions to determine the value of the investment and also predict the number of gauze flows in the future. If you have just run a business, make a neat profit and loss book, but it is still easy to understand. Because if it’s too messy it will make it difficult for you in the future to read and analyze it.

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