In your accounting you definitely have specific entries. Now don\u2019t get me wrong, I know that every entry is specific since you use the account names and numbers in your company\u2019s ledger, however I want to focus on those specific entries that you\u2019ve determined for specific transactions, the structure of entries if you may (i.e. how you account for the cost of goods sold when you make a sale, does it happen with the same entry, do you account the cost once a month etc.)\u00a0<\/p>\n
What you should keep in mind at all times is the structure you\u2019ve once determined for types of transactions and stick to them. Making it sometimes one way and other times somehow different results in all messed up accounts. Nobody wants that.<\/p>\n
Note that if you plan for a change, this change should be clearly updated in all your accounting guidelines to ensure that you follow the updated structure.<\/p>\n
Accounting entries of a company should be all described in internal accounting guidelines, alongside with the transaction itself, general accounting treatment and the entry by account names and numbers. If need be, don\u2019t be afraid to add examples to make it simpler. At the end of the day the internal guidelines are there for you to ensure your company\u2019s ledger is all accurate.<\/p>\n","protected":false},"excerpt":{"rendered":"
In your accounting you definitely have specific entries. Now don\u2019t get me wrong, I know that every entry is specific since you use the account names and numbers in your company\u2019s ledger, however I want to focus on those specific entries that you\u2019ve determined for specific transactions, the structure of entries if you may (i.e. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,74],"tags":[],"class_list":["post-4639","post","type-post","status-publish","format-standard","hentry","category-2-processes","category-2-7-accounting-in-itself"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=4639"}],"version-history":[{"count":1,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4639\/revisions"}],"predecessor-version":[{"id":4640,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4639\/revisions\/4640"}],"wp:attachment":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=4639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=4639"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=4639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}