Accounts must have a simple and logical organizational structure. Rather than the last sentence. Personally, I use five-digit numbers for primary accounts and 3-digit numbers in sub accounts.
There are a number of problems when we meet an account mirror. Short and long-term considerations should be kept in mind. Many accountants disagree with me wholeheartedly, but this is the only time for accounting to avoid being conservative. I like to create a settlement table that will timing business storms. Dream about where you want your business, take over international opportunities and make your accounting structure flexible so that you can quickly adapt to business events
When designing your accounts, consider business type, industry, business function, standard for enterprise (19659002) 00000 – Short-term assets
10000 – long-term assets / intangible assets
19000 – depreciation and amortization
20000 – depreciation and amortization
Short term liabilities
30000 – liabilities
– Short-term payment notes 35860 – Long-term payable note and even A / R and A / P are on different pages of accounting I and a better logical structure forming
40000 – Share
50000 – Income
60000 – Operational Expenditure
70000 – Expenditure on Administration
80000 – Taxes / Interest / Extraordinary Income (Expense) 19659002] If you really want to spend some time creating an account, you can try to better align the related revenue and expense . Taking into account that, if workers' labor costs 60100, 70100 should be paid for sales and administrative staff.
Now that we specifically deal with the foregoing considerations. Start with your business type. This is important for obvious reasons. The business around the service will obviously differ from products and retail products. For example, production must keep track of inventory of cost centers as it develops between the raw materials and the purchased parts between the WIP (ongoing process) and the finished set. Although the retailer should only keep track of the inventory and a service may not need an inventory account.
It is also important to take into account the industry's operations within the company. This is primarily due to GAAP, which you want to make sure you are compiling accounts that will allow your business to continue to promote the industry's traditional accounting practice.
Further concerns are the leaders' needs. For example, executives typically prefer a smooth trend in spending. Personally, I do not think this is very important, but you may need to set up more accumulation that works with a budget number, or you might want to create a constant accumulation to eliminate the need for a given operation to run on a monthly basis. In fact, this report should only be established at the end of the year if the payment amounts are based on an estimate
Intra-company transactions are particularly important, especially in foreign companies. The foreign factor involves minimizing tax liabilities while still managing funds. After all, you do not want to have all the money in one country. All this is done at a transfer price that I have not been able to handle.
Finally, leave yourself a breathing room. Make sure you always have the ability to obtain the required accounts logically. The business is developing, then the account mirror develops at the store. Well, that can help in creating your accounts.
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