The basic process of accounting, bookkeeping and tax declaration Is it necessary for a small company

Mondo Workplace Updated on 2024-01-30

The basic process of accounting and tax filing.

1. Accounting and bookkeeping process.

1.Approve the original documents.

The first step in accounting bookkeeping is to review the original vouchers to ensure the authenticity, legitimacy and integrity of the original vouchers. Original vouchers include invoices, receipts, bank statements, etc., which are the basis of bookkeeping.

2.Preparation of accounting vouchers.

According to the original voucher after the audit, prepare the accounting voucher. Accounting vouchers are an important basis for recording economic business, and must be filled in in accordance with the prescribed format and content.

3.Register the books of account.

According to the accounting vouchers, register the general ledger, sub-ledger and other account books. Account books are an important carrier for recording economic transactions, and must be filled in in accordance with the prescribed format and content.

4.Preparation of financial statements.

Prepare financial statements, including balance sheets, income statements, etc., based on the books of accounts. Financial statements are an important tool to reflect the financial status and operating results of an enterprise, and must be filled in according to the prescribed format and content.

Second, the tax declaration process.

1.File your tax return.

File tax returns on time as required by the tax authorities. The tax return is an important document that reflects the tax payment situation of the enterprise, and it must be filled out in accordance with the prescribed format and content.

2.Pay your taxes.

Pay your taxes on time as required by your tax return. Paying taxes is an obligation of the enterprise and must be paid in the prescribed amount and time.

3.Go through the procedures for changing the tax registration certificate.

If there is a change in the enterprise, such as a change of legal person, a change of address, etc., it is necessary to go through the procedures for changing the tax registration certificate. It is the obligation of the enterprise to go through the change procedures, and it must be handled in accordance with the specified time and requirements.

Is it necessary for a small company to hire an accountant?

For small companies, whether or not they need to hire an accountant depends on the actual situation. If the company's business volume is not large, it can solve the problem of bookkeeping and tax declaration through part-time or outsourcing. However, if the company has a large business volume or needs more professional financial management, then it is very necessary to hire a professional accountant.

Professional accounting can better grasp the company's financial status and operating results, and provide more accurate data support for the company's decision-making. Secondly, professional accounting is able to better deal with complex financial issues and avoid affecting the normal operation of the company due to financial problems. Finally, a professional accountant is better able to communicate with the tax authorities to ensure the accuracy and timeliness of the company's tax returns and payments.

For small companies, whether or not they need to hire an accountant depends on the actual situation. If you need more professional financial management, then it is very necessary to recruit a professional accountant.

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