Importance of Accounting

Accounting is one of the first economic disciplines that have served man.- Since ancient times immemorial, with the emergence of the notion of home economics, the idea of ​​accounting also arises like a discipline that allows the human being Keep a clear and precise order of your activities, resources, money, etc.

The use of Accounting is necessary in our lives to be able to manage our money in the best possible way, resorting to our work or entrepreneurship family to the help of an Accountant who also has more knowledge about Tax Procedures, the payment of Taxes and above all, the preparation of Balance Sheets and Budgets that help to know what to invest in and how to control the Profits. In many ways, the accounting task is very specific, and although any person can carrying it out is central and very important to resort to professionals who know well what they do to avoid mistakes.

Also in many companies, large or small, the application of Accounting is necessary for the correct management of finances, making sure if it is possible to carry out a Investment, an exhaustive control of Debts and above all, a precise management of Tax Payments, keeping everything under control, in order and completely legalized. This is also controlled both internally and externally through audits and controls that are The objective is to ensure that institutions do not make mistakes or perform illegal acts in the use of resources or money.

Why is accounting important to human beings?

The utility of Accounting consists in obtaining useful information to be able to apply it in a subsequent Economic Decision, as well as being able to obtain control of the Previous Management, generally with the application of an Accounting Audit, or to be able to plan in the best possible way the funds that we have for the next year (what is known as Budget) to be able to make investments and be able to estimate a Future Balance. In this sense, every company or institution must ensure resources for a team of accountants who are in charge of this task and who can work even in conjunction with management, recommending actions to follow or warning of possible complications in the face of decisions that may be risky.

The correct selection of accounting teams as reinsurance of the success and control of state agencies

The accounting team or those who occupy this role in an institution, a company or even a family group must be chosen appropriately because the success of their task will depend on this. They must be people who have the experience and knowledge to manage the accounting of the group for which they will work, but the honesty and consistency.

The Accountants' main activity is the Accumulation of Data, which we assign to them ourselves or request it as clients, allowing them to carry out a Processing of Information that later allows us to provide different tools to have precise control of our finances and how they have been used during the Year Accountant.

It is a quite frequent custom to carry out the Accounting Records, being in many countries a legal requirement, being carried out with a defined and regulated clothing, having a Structure and System that allows arriving, through its analysis in quantity and quality, the Realization and Accounting Revelation, being a tool that allows us to not only control our money, but also to be able to make a prediction of what what will happen in the next accounting year (also called Fiscal Year) and plan the different Investments and Budgets that allow us to grow monetarily.

When these issues are not met or are not properly respected, it is common for state or government services to persecute the debtor until clarify your accounting numbers or otherwise you may be accused of various illegal actions such as fraud, embezzlement, money laundering, etc These problems are increasingly common in important associations, large companies and even with celebrities whose illegal accounts are discovered.

It is considered that this type of crime related to illegal accounting actions is located in the top 5 crimes international organizations that generate the most money and extract the most money from people who correctly pay their taxes like any other common citizen.

Photo 2: iStock. DeanDrobot