Accounting is one of the fundamental stages of accounting for companies. It consists of the systematic and organized recording of all financial transactions carried out by the company, in order to maintain a complete and reliable history of the organization's financial and equity activities.
This record is made through accounting entries, which are the basis for the preparation of financial statements and accounting reports that help in making managerial decisions and complying with legal obligations.
Accounting can be done manually or through computerized systems. However, it is important to emphasize that, regardless of the method used, it is necessary to follow the rules and accounting principles established by the regulatory body, in the case of Brazil, the Federal Accounting Council (CFC) and the Federal Revenue Service.
The main accounting books used in bookkeeping are the Daily Book and the Ledger. The Daily Book is responsible for chronologically recording all the company's financial operations, while the Ledger organizes this information in an accounting manner, grouping them by accounting account.
In addition to accounting books, it is also common to use other documents and records to assist in bookkeeping, such as invoices, payment receipts, bank statements, among others. These documents serve as the basis for the correct classification of transactions and for the preparation of accounting entries.
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Accounting is extremely important for companies, as it allows the control and analysis of financial operations, the identification of errors and fraud, the preparation of management reports and compliance with tax and legal obligations. Furthermore, bookkeeping is a legal requirement for all businesses, regardless of size or legal form.
It is important to highlight that bookkeeping must be carried out accurately, completely and in accordance with accounting standards. Any error or omission can compromise the reliability of accounting information and cause problems for the company, such as fines, tax assessments and difficulties in obtaining credit from financial institutions.
Therefore, it is essential to have qualified and up-to-date professionals to carry out bookkeeping correctly and efficiently. In addition, the use of computerized accounting systems is recommended, which facilitate the registration and control of transactions, reducing errors and streamlining the process.
In summary, bookkeeping is a fundamental step in accounting for companies, which consists of the systematic and organized recording of the organization's financial transactions. It allows the control of operations, the preparation of accounting reports and the fulfillment of legal obligations. Therefore, it is essential to carry out bookkeeping accurately, completely and in compliance with current accounting standards.
