{"id":4843,"date":"2014-04-09T05:55:42","date_gmt":"2014-04-09T03:55:42","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=4843"},"modified":"2014-04-06T05:56:24","modified_gmt":"2014-04-06T03:56:24","slug":"importance-of-order-in-your-accounting-and-accounting-records","status":"publish","type":"post","link":"http:\/\/www.officetodo.com\/public\/importance-of-order-in-your-accounting-and-accounting-records\/","title":{"rendered":"Importance of order in your accounting and accounting records"},"content":{"rendered":"<p>Say you\u2019re making your accounting entries daily, once in a few days or more irregular and over a longer period of time. Regardless and even more so, the less often you make the entries; make sure you\u2019ve got one thing always happening.<\/p>\n<p>Always have an order in performing the entries, accounting for them. What I mean by \u201corder\u201d is the following:\u00a0<!--more--><\/p>\n<ul>\n<li>Entries need to have specific date;<\/li>\n<li>Entries must be made into their proper accounting period;<\/li>\n<li>Entries must always, always have their unique number;<\/li>\n<li>Entries must equal with their debits and credits, always;<\/li>\n<li>The documents the entries are made based on should always exist and have their reference number so it would be possible to find and identify those documents and reconcile them with the entry they relate to.<\/li>\n<\/ul>\n<p>How someone should manage his or her accounting in general I imagine should be something as follows:<\/p>\n<ul>\n<li>The documents relating to a specific period should be clearly separated from other periods;<\/li>\n<li>The documents should preferably be in order their entered into accounting;<\/li>\n<li>The documents should be complete, that is they should include all relevant information used in making the accounting entry and should highlight the most important information.<\/li>\n<\/ul>\n<p>So yes, do always keep those things in mind. Note how \u201cone thing\u201d actually means many things, however there\u2019s one unique description to all of this \u2013 \u201corder\u201d. Accounting means having an order in your finances and you can only achieve this through order in everything else the accounting is based on.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Say you\u2019re making your accounting entries daily, once in a few days or more irregular and over a longer period of time. Regardless and even more so, the less often you make the entries; make sure you\u2019ve got one thing always happening. Always have an order in performing the entries, accounting for them. What I [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75],"tags":[],"class_list":["post-4843","post","type-post","status-publish","format-standard","hentry","category-3-4-regular-control-procedures"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4843","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=4843"}],"version-history":[{"count":1,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4843\/revisions"}],"predecessor-version":[{"id":4844,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4843\/revisions\/4844"}],"wp:attachment":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=4843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=4843"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=4843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}