Accounting Books
Accounting is a fundamental tool for companies, as it allows the registration and control of financial, patrimonial and economic operations. For this, various documents and records are used, accounting books being extremely important.
Accounting books are mandatory records that companies must keep to prove their operations and comply with tax and legal obligations. They are used to record all financial transactions, such as purchases, sales, payments, receipts, among others.
There are different types of accounting books, each with its own specific purpose. The main ones are:
Diary Book
The Daily Book is the main accounting book, in which all the company's operations are recorded, chronologically and in detail. It is where all financial transactions are launched, such as purchases, sales, payments, receipts, among others. It serves as a basis for the preparation of other accounting reports, such as the Balance Sheet and the Income Statement for the Year.
Ledger
The Ledger is used to consolidate all the information recorded in the Journal. It organizes accounting accounts systematically, grouping transactions by account and period. Thus, it is possible to have a clearer and more summarized view of the company's equity and its financial situation.
Continue in our app.
You can listen to the audiobook with the screen off, receive a free certificate for this course, and also have access to 5,000 other free online courses.
Or continue reading below...
Download the app
Cash Book
The Cash Book records all the company's cash transactions, both incoming and outgoing. It is used to control cash flow and to verify transactions carried out in cash.
Inventory Book
The Inventory Book records all assets, rights and obligations of the company on a given date. It is used to control the company's assets and to prepare the Balance Sheet.
In addition to these, there are other accounting books that may be required according to the legislation and the specific needs of each company.
Accounting books must be kept in an organized and up-to-date manner, following accounting standards and principles. They can be physical or digital, as long as they are authenticated by the competent bodies.
In summary, the accounting books are essential documents for the control and transparency of the financial operations of companies. They provide important information for managing and complying with tax and legal obligations. Therefore, it is essential that companies know and comply with the requirements related to accounting books.
