{"id":3457,"date":"2012-10-22T07:21:02","date_gmt":"2012-10-22T05:21:02","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=3457"},"modified":"2012-11-13T20:22:55","modified_gmt":"2012-11-13T18:22:55","slug":"how-do-i-start-with-my-own-accounting","status":"publish","type":"post","link":"https:\/\/www.officetodo.com\/public\/how-do-i-start-with-my-own-accounting\/","title":{"rendered":"How do I start with my own accounting?"},"content":{"rendered":"<p>Starting with accounting, if you set your mind to it, isn\u2019t all that difficult. There are certain things that need to be done and it\u2019s best to do them properly, at the right time and keep consistency in all things.<\/p>\n<p>Your list of actions is as follows (note that the list is not exhaustive): <!--more--><\/p>\n<ul>\n<li>Deciding on <strong>the form you\u2019re going to keep your accounting<\/strong> \u2013 in an accounting software or some other electronic form or on paper;<\/li>\n<li>Listing your <strong>main transactions you\u2019re planning<\/strong> \u2013 purchase of goods and services, sale of goods and services, dealing with cash etc.;<\/li>\n<li>To all of the identified transactions <strong>deciding on the accounting entries going to be used<\/strong> \u2013 by debits and credits with all relating accounts for specific transaction types;<\/li>\n<li>For all the entries <strong>define documents being used<\/strong> \u2013 type, formed by what and who, obtained how, digital or on paper etc.;<\/li>\n<li><strong>Describe how and where the documents are being stored<\/strong> \u2013 digitally or on paper, in archives;<\/li>\n<li><strong>Authorization<\/strong> procedures if applicable for certain types of transactions.<\/li>\n<\/ul>\n<p>And about all of this it\u2019s strongly suggested and in some countries even obligatory to keep a document including all the procedures deemed necessary for specific accounting areas relevant to your company (i.e. dealing with cash, bank accounts, receivables and so on).<\/p>\n<p>This set of internal rules is about what sort of documents are required for entries, to which accounts entries are done, when are they done etc. It\u2019s mostly meant for you so you\u2019d have a structure to refer back to remind yourself how you deal in certain areas \u2013 mostly to ensure consistency and compliance with regulations and accounting rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting with accounting, if you set your mind to it, isn\u2019t all that difficult. There are certain things that need to be done and it\u2019s best to do them properly, at the right time and keep consistency in all things. Your list of actions is as follows (note that the list is not exhaustive):<\/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-3457","post","type-post","status-publish","format-standard","hentry","category-2-processes","category-2-7-accounting-in-itself"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=3457"}],"version-history":[{"count":3,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3457\/revisions"}],"predecessor-version":[{"id":3460,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3457\/revisions\/3460"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=3457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=3457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=3457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}