Is maintaining of accounts necessary?

Hello friends,

Sometimes, people ask me whether it is necessary for them to maintain accounts of their business. I reply them that without maintaining accounts how it is possible for them to know exactly what is the financial position of their business. Therefore, any businessman must maintain the below mentioned account books:

Cash book: It is necessary to maintain cash book to know the exact position of the cash balance.

Bank book: Similarly, bank book is necessary to know the exact bank account balance.

Ledger accounts: Ledger is necessary to know the outstanding amount due to suppliers as well as outstanding amount receivable from customers. Ledger accounts of expenses are necessary to know the exact amount of each and every expense head.

Profit & Loss Account: This account is necessary to know the exact amount of profit or loss at the end of the year.

Balance Sheet: The balance sheet is necessary to know the liabilities and assets of business at the end of the year.

If you want to maintain your accounts in a systematic manner at reasonable fees, please contact on the number given below for further discussion.

Wishing all of you a great success in your business,

Sanjeev Samarth
Samarth Accounting Services
Contact No. (+91) 7038712479
E-mail: samarthgraphics2018@gmail.com

Comments

  1. Ethics Plus1 September 2021 at 12:01

    The information you've shared here is very informative for us because it contains some great knowledge which is extremely helpful on my behalf. Thanks for posting it. Keep it up.
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    ReplyDelete
  2. Astral14 September 2021 at 03:23

    Nice Blog
    Accounts Outsourcing Firms in Coimbatore

    ReplyDelete
  3. Sanjeev Samarth29 September 2021 at 02:05

    Thanks for the comment.

    ReplyDelete
  4. Sanjeev Samarth1 November 2021 at 06:46

    Thanks for the comment Sir. But I am from India.

    ReplyDelete
  5. Accountant Dubai23 March 2022 at 04:43

    Informative and creative blog.
    Thanks for sharing...
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    ReplyDelete
  6. Sanjeev Samarth24 March 2022 at 02:18

    Thank you

    ReplyDelete
  7. Steve 17 May 2022 at 00:07

    Very informative topic...and you provide a point wise answer is very helpful to everyone
    Also if you are looking accounting service in Ireland
    Contact us: Contact us outsource accounting firm

    ReplyDelete

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