Why do you post a question that many ask. A great many think that accounting is boring and does not make more time than necessary records.
There are laws (blah Bookkeeping and Accounts Act) governing accounting obligations so one can not records. However, so tänkter not many at that using the records may follow up activities and direct it towards the goals you've set. In addition, there are also several external actors who are also interested in your records. Here are some examples:
- Suppliers: You may need to extend your credit – then it might be good to show a current income statement or balance sheet for a period to see how the company is doing.
- Banks: Du might need to borrow money or need an overdraft facility to finaniera growth or or a shorter liquidity shortage – then, the bank usually see that your business is doing through records.
- Tax: You must be in control of your records to make it easy when you report VAT, payroll taxes and preliminary tax deductions in the tax return or when you leave the control of employees, or declare your income information on your tax return.