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The word accounting comes from the word accountability. If you are going to be rich, you need to be accountable for your money.

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CONTENTS

1.Introduction

2.Understanding The Importance

3.Key Aspects of Accounting

4.Major Areas of Accounting

a.Accounts Receivable

b.Accounts Payable

c. Treasuries, d. Payroll

e. Inventories, f. Fixed Assets

g. Statutory Compliances

h. Book Closing & MIS Reporting

6.Initial Setup Process, Myths of Accounting

7.Myths of accounting

8.Do’s and don’ts

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How To Setup Accounting System

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Accounting is the process of systematically recording, measuring, and communicating information about financial transactions. Accounting also involves the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. An organization cannot remember all its dealing for long. Therefore, it becomes necessary to keep a written record of all business transactions day by day, this lead to the development of accounting.

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Author's Desk

"Keep this guide as your starting introduction towards starting & managing your business and consult with me for any of your challanges in managing, controlling or growing your business to next level. Keep faith in you & always say that YES, I CAN DO IT."

NeuSource provides ‘ONE STOP SOLUTION’ that helps you to convert the business ideas into successful startup in India and across the board. NeuSource is the centre point for new entrepreneurs to achieve their goals. Here, Team of professionals serves clients towards achieving their aim by providing wide range of services.

CA Hemant Gupta

“Any time is a good time to start a company.” Neusource indulge in providing business consultancy services which help startups to accomplish their desired results as a TAJ EXPRESS. If you’re passionate about something and you work hard, then neusource is the right choice for you."

Akash Rai

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