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Book-keeping and it effect on a business
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[QUOTE="Good-Guy, post: 206734, member: 29109"] The term "Bookkeeping" refers to a proper recording and analysis of financial affairs of a business. Bookkeeping is one of the fundamental things that are required by any business because it is not possible for any business to survive without it. Bookkeeping is a really broad term that involves financial accounting, investment analysis, financial research, investment records, maintaining records of financial flow in the company. Since it is so important for any business, it also plays a vital role in regards to financial auditing of the company as auditors rely heavily on yearly financial achievements of the company in the fiscal year. Accountants and administration also plays a crucial role in maintaining a proper bookkeeping channel and this could also help a company to deal with issues related to total expenses and revenues gained by the company. Bookkeeping is done mostly by professional accountants in the company. Most of the time a chief accountant is also responsible when it comes to handling issues related to bookkeeping in the company and manages all the operations related to movement of finances in the company along with financial officials in the company. From huge business organizations to small businesses, all the kinds of businesses involve bookkeeping. [/QUOTE]
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Book-keeping and it effect on a business
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