For business people, whether they have just opened a business, are running a business, or are about to switch to other business fields, a businessman in running his business is obliged to do bookkeeping from northern beaches bas expert. Of course, the business that we will run later wants to develop quickly and the services or products we produce compete in the marketplace with an increasing share, right?
With our money bookkeeping, it will be easier for us to manage finances, make decisions, and of course, our future steps to run our business are more organized and tidier. At first glance, bookkeeping may look complicated, but if we really understand the steps of bookkeeping from beginning to its finishing, namely financial statements are actually very easy.
Collect and Analyze Transaction Evidence
The bookkeeping process starts from collecting all existing transaction evidence in the form of proof of payment, proof of receipt, and other evidence related to the business we are running, proof of payment can be in the form of receipts, deeds, letters of agreement, money orders, etc., after we collect it, now identify the evidence so that the validity of its value and the status of the transaction is certain.
Make a Transaction Journal
After the transaction process is analyzed, the next process is to record it in the transaction journal, the process of recording transactions can be done when there is a new transaction or we collect it in 1 day when we record it, but of course, it is more efficient to record every transaction because to prevent errors in when posting to the ledger.
Moving Transactions to the General Ledger
After the transaction is complete, we record it in this transaction journal, the next step is to move it to the ledger, in the journal all existing accounts are recorded, both cash transactions, accounts receivable, payable, payments, etc. are all recorded. But in a different ledger, we will classify the accounts according to the type of transaction, for example, for transactions involving accounts receivable, we will only classify accounts receivable transactions. This is what is called General Ledger.