This is what happens, if your business accounting books and not checked in due time.

[TOZZIBLINKZ]

It is one thing to practice the act of bookkeeping in business and also it is another thing to constantly and frequently analyse and check business accounting books used for the recording and documentation of business records . It is commendable today how some business owners today have done their very best to make sure to practice the act of bookkeeping in their business so as to keep track of their business incomes and business spendings . Business dealings and doings sometimes could be confusing and complicated that is why business owners must keep track of their business activities especially when it comes to figures and numbers , one of the ways to always keep track of your business dealings and doings is to practice the business activity of bookkeeping .

What about the checking and analyzation of the business books of accounts , majority of business owners today who practice bookkeeping failed to frequently check the business books of account and so they accumulate this records until when some of them become forgotten and lost , putting the business at a vulnerable risk of not being able to make proper decisions , ideas , and choice . It is advised to analyse your business books of account possibly at the end of every business working month and year , so as to effectively and accurately make decisions about the business , thereby knowing areas that you have been improving and knowing other areas you need or have to improve .

 

[anil02]

Here in my country we maintain accounts book for a financial year and it is of 12 months. Every businessman check their books when they want some information. At the ending of year we prepared financial statements and these are summary of whole years tranasctions. In future if we want some information of a particular financial year we can check our old accounts books. Here it is mandatory of keep old accounts books for some years. I think it is 8 years. Every country have differ law and rules

 

[CALVINDOL]

Sometimes I wonder why some business organisation failed to practice the business activity of bookkeeping . No matter how far the issue is being an bookkeeping place a very important role in the life and survival of a particular business this is absolutely true Because when business bookkeeping is practiced the business itself will be able to keep track of it spending and income and so at the end of a particular month or year the business books could be properly and accurately analysed so as to tell whether the business is actually running on the profit or on the loss . The business books of account also tells a business owner what areas of the business that he or she has actually tried and also what area is he or she need to improve so as to skyrocket his business productivity and output .

The failure to examine business books of account and do time simply means that business decisions would be accurate and efficient . Business decisions could be ascertained from examine business books of account and when details written in the business books of account becomes inaccurate and erroneous business decisions tend to be inaccurate as well so in order to avoid this it is advised to analyse your business books of account at the time so as not to make the business books of account details complicated and kind of inaccurate .

 

[anil02]

Sometimes I wonder why some business organisation failed to practice the business activity of bookkeeping . No matter how far the issue is being an bookkeeping place a very important role in the life and survival of a particular business this is absolutely true Because when business bookkeeping is practiced the business itself will be able to keep track of it spending and income and so at the end of a particular month or year the business books could be properly and accurately analysed so as to tell whether the business is actually running on the profit or on the loss . The business books of account also tells a business owner what areas of the business that he or she has actually tried and also what area is he or she need to improve so as to skyrocket his business productivity and output .

The failure to examine business books of account and do time simply means that business decisions would be accurate and efficient . Business decisions could be ascertained from examine business books of account and when details written in the business books of account becomes inaccurate and erroneous business decisions tend to be inaccurate as well so in order to avoid this it is advised to analyse your business books of account at the time so as not to make the business books of account details complicated and kind of inaccurate .

For a permanent business keeping books is must. They are also liable to pay some taxes. If some one is not keeping books than how they will pay taxes. Tax department can check book any time. But petty vendors who are not have any permanent business location never like to keep books. It is not possible for any business person to examine books each and every day. They can check only sale of each day and it is enough for them to decide how their business is goin on