Accountancy Advice

Accountancy

By and large, accounting is nothing more than the organizational unit of a company that deals with the recording of all business operations – and, of course, predominantly on the basis of expenses and revenues. In addition to the role as an essential source of information – or empirically based assessment of success – for the management and numerical image of the company, the accounting also serves the legal authorities or their information requirements.

Tasks – Job Accountant
Nonetheless, accounting(regnskapsfører) is not to be confused with controlling, even though many processes and subsections are similar. The tasks of proper accounting are purely documentary in nature, while the controlling deals with the process optimization and the improvement of the cost-benefit ratio in order to ultimately – as well as otherwise – make more profit.

The larger a company, the more complex the subdivision of the individual areas of accounting(regnskapsfører kristiansand). In smaller companies, the totality of accounting can still be handled by one person, but in larger companies and groups, it is already worthwhile to organize the bookkeeping into different departments. These departments and their tasks are as follows:

What awaits you in Asset Accounting?
Abstract: Administration of Fixed Assets
Especially larger companies often do not just own financial assets – money. Often there are also items such as machines, products, and goods or gold owned by a company. Real estate is very popular. These objects are called assets and are part of the fixed assets. The fixed assets are part of the budget of a company, which is not spent – so accordingly differently ‘stored’ – just in assets. Asset Accounting thus takes care of the administration of the assets.

What awaits you in accounts receivable/payable?
Short version: processing of claims to customers/processing of obligations to suppliers
Since corporate customers pay almost exclusively for services or products on an account, they must be managed and controlled. In the same way goods or raw materials are often paid in advance and compliance with the goods deliveries must be secured accordingly – this is the responsibility of the accounts receivable department.

As you can probably imagine, accounts payable accounting(xledger) is pretty much the opposite: Here, it is checked that all invoices are paid on time and the services (ie product deliveries, services, etc.) are provided on a contractual basis.