Question about accounting?
600558
I would suggest, start out alone and work until you cannot do it by yourself then hire out. You want to keep you overhead as low as possible starting out. You can easily earn a decent living by keeping overhead down. find creative ways to advertise and do all the advertising you can do within your budget. Research accounting rates in your area- that will give you an idea of where you need to be in order to make a decent living at accounting. Take advantage of tax season and do as many returns as possible.  Give your clientele a reason to return to you.
388953
you have got one of the best introductory notes on the fundamentals of accounting..\n\nThe only thing needed is a bit of patient reading and if you have the inclination to test your understanding register for the free online-classes and answer the quiz given there....\n\n\nhttp://www.futureaccountant.com/accounting-process/
4158
check this site for getting an idea of professional accounting\n\nhttp://www.futureaccountant.com/
252057
Accounting is an activity that can be termed an art as well as a science.  \n\nAccouting (financial accounting more so) is the act of collecting, recording, financial information in order to derive information that is capable of being analysed, summarized and reported. \n\nIt generally considers only information (transactions) that are capable of being viewed (measured) in monetary terms. \n\nHowever, in modern day computerised accounting environments there is a lot of other relevant information that is recorded along with the financial information (like inventory data) to make accounting a complex information collection, processing and retreival system.\n\nAccounting can be a complete record of all the activities of a business, providing details of every aspect of the business, allowing the analysis of business, and providing insight into future prospects.\n\nBookkeeping is the practice of recording transactions. Bookkeepers tend to focus on the details, recording transactions in an efficient and organized manner, and they may or may not see the overall picture.\n\nAccountants use the work done by bookkeepers to produce and analyze financial reports. Although accounting follows the same principles and rules as bookkeeping, an accountant can design a system that will capture all of the details necessary to satisfy the needs of the business—managerial, financial reporting, projection, analysis, and tax reporting. A good accountant will create a system of financial reporting that gives a complete picture of a business.\n\nhttp://www.futureaccountant.com/\n\nhttp://www.schoolingkids.com/
292704
depends on your accounting standards.  If the gain is unrealized and you keep your books on a cost basis -- you don't account for it.  The only time that you would account for it would be if you were going to sell your business and you wanted to illustrate a pro-forma Balance Sheet based on market price/value of your assets.  If you were doing that then you would increase the value of your assets and your capital accounts.
479729
In accounting information system (also called accounting cycle) is the system of records a business keeps to maintain its accounting system. This includes the purchase, sales and nominal ledgers and cash books of the business. While this was previously a paper-based process, most modern businesses now use computerized accounting systems.\n\nSteps in accounting cycle:\n\n   1. Creating journal entries for transactions\n   2. Creating general ledger\n   3. Creating trial balance\n   4. Making adjusting entries\n   5. Creating adjusted trial balance\n   6. Preparing financial statements\n   7. Closing temporary accounts
748935
It is talking about the design and use of the company's accounting system.\nThis system should be designed so that it provides all the necessary management information to help decision making.\nSales should be analysed so that meaningful information can be gained about which customers are buying which products.\nPurchases should be analysed so that departmental costs and profit/loss are available,, etc
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Broadly, accounting is defined as the systematic recording, reporting, and analysis of financial transactions of a business. \n\nThere are different types of accounting, namely: Financial Accounting, Tax Accounting, Cost Accounting and Managerial Accounting.\n\nFINANCIAL ACCOUNTING is defined as “measuring and recording business transactions and providing financial statements that are based on generally accepted accounting principles. It focuses on external reporting. \n\nFinancial statements (financial data) tell us (1) the financial position of an entity at a certain date and (2) the results of its operations (profit/loss) and the changes in its financial position and variations in stockholder's equity (investment) in a period of time. (Historical information/past events).\n\nFinancial accounting aims at satisfying the interest of the "general user" which may include: shareholders, government agencies, creditors, and the general public.\n\nMANAGERIAL ACCOUNTING. Measures and reports financial and non-financial information that helps MANAGERS make decisions to fulfill the goals of an organization. It focuses on internal reporting. \n\nCOST ACCOUNTING is an information system that classifies, accumulates, controls and assigns costs to determine costs of activities, processess or products, facilitating decision making and managerial planning and control.\n\nCost accounting plays a role in both managerial and financial accounting. Some authors describe Cost Accounting as a unifying point between Managerial and Financial Accounting.\n\nTAX ACCOUNTING is used to communicate information to the appropriate taxing authorities. Generally, the Internal Revenue Service and state tax or revenue boards. It includes the procedures for determining taxes payable and compliance with other provisions of tax laws.\n\nHope this helps...
173929
try this site to get  help in accounting for free..\n\nhttp://www.futureaccountant.com/
81316
try reading these pages .. to have an understanding on the purpose of accounting... and the basic concepts behind them..\n\nhttp://www.futureaccountant.com/accounting-process/study-notes/\n\n\nhttp://www.futureaccountant.com/\n\nhttp://www.schoolingkids.com/
614162
sweetie, i hate to say it but that's what business is.  It's accounting and mathematics.  That's how you know how to run a business.  It's knowing how much money you have, how much money you can make and doing the figuring to know where to take your business.  Perhaps you need to think about going into something besides business altogether?
847418
it depends on what side of the coin you are.\n\nin your own accounting records, a debit balance most likely means that someone owes you money.  the person who owes you money will have a credit balance in their own accounting records.\n\nconversely, in your own accounting records, a credit balance most likely meanst that you owe someone money.  the person who you owe money to will have a debit balance in their accounting records.
1162881
Your question came across as very unclear. I don't think it was loaded correctly. I'll attempt to answer it.\n\nBookkeeping, accountancy, and audits are all in the same field. Bookkeeping and accountancy are essentially the same thing. It just refers to keeping track of all transactions of a business or entity. An audit is where someone comes in and verifies the records of an accountant, or an audit can be done by the accountant themself. \n\nYour question was listed as:\n\n"link between bookkeeping,accountancy,auditi... "\n\nHope this helps.
53355
you can learn the fundamental concepts of accounting using these web pages..\nplease be patient enough to read through the pages..\n\nhttp://www.futureaccountant.com/accounting-process/study-notes/
374807
Someone who does accounting.  It is bookwork.  Crunching numbers usually dealing with finances.  They do taxes and audit the financial records.
285199
try this site for help in accounting...\n\n\nhttp:/www.futureaccountant.com/
241025
try this site for help\n\nhttp://www.futureaccountant.com/