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accounting and bookeping services in Europe, relate to Comptable services

By:   |   Jul 08, 2018   |   Views: 5   |   Comments: 0

Bureau comptable pardon my french relate to all the accounting and bookeping services any business need to keep a clear vision on his financial situation. Most importantly it keep updated with the government tax declared. in English; bureau comptable bruxelles refer to accounting and financial services provided by Belgian services providers, a financial services place for european market.

What Is Accounting Anyway?
Accounting has been defined as, by Professor of Accounting at the University of Michigan William A Paton as having one basic function: "facilitating the administration of economic activity. This function has two closely related phases: 1) measuring and arraying economic data; and 2) communicating the results of this process to interested parties."

They're the people who pay and send out the bills that keep the business running. They do a lot more than that, though. Sometimes referred to as "bean counters" they also keep their eye on profits, costs and losses. Unless you're running your own business and acting as your own accountant, you'd have no way of knowing just how profitable - or not - your business is without some form of accounting.

What are some other businesses where accounting is critical? Well, farmers need to follow careful accounting procedures. Many of them run their farms year to year by taking loans to plant the crops. If it's a good year, a profitable one, then they can pay off their loan; if not, they might have to carry the loan over, and accrue more interest charges.

Staying on top of accounting, whether it's for a multi-billion dollar business or for a personal checking account is a necessary activity on a daily basis if you're smart. Not doing so can mean anything from a bounced check or posting a loss to a company's shareholders. Both scenarios can be equally devastating.

Accounting is basically financial information tracking, and this information is published periodically in business as a profit and loss statement, or an income statement.

The financial statement summarizes a company's assets. A value of an asset is what it cost when it was first acquired. The financial statement also records what the sources of the assets were. Some assets are in the form of loans that have to be paid back. Profits are also an asset of the business.

The Bureau comptable (accounting service provider) furnish these most needed services for companies registered as established businesses.

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