About 'accounting service company'|A company called Ardent Credit Services in Liverpool emailed me... below. I wonder if the bank account at HSBC (402908 93891100) does belong...
Ｗｈａｔ Ａｃｃｏｕｎｔｉｎｇ Ｂｏｏｋｓ Ｄｏ Ｉ Ｎｅｅｄ ｔｏ Ｋｅｅｐ ｆｏｒ Ｍｙ Ｓｍａｌｌ Ｂｕｓｉｎｅｓｓ? Ｋｅｅｐｉｎｇ ｔｈｅ ｂｏｏｋｓ ｆｏｒ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ａｃｔｕａｌｌｙ ｉｎｖｏｌｖｅｓ ｋｅｅｐｉｎｇ ｄｉｆｆｅｒｅｎｔ ｂｏｏｋｓ, ｃａｌｌｅｄ ｊｏｕｒｎａｌｓ ａｎｄ ｌｅｄｇｅｒｓ. Ａｌｌ ｙｏｕｒ ｔｒａｎｓａｃｔｉｏｎｓ ａｎｄ ａｃｃｏｕｎｔｉｎｇ ｅｎｔｒｉｅｓ ａｒｅ ｆｉｒｓｔ ｒｅｃｏｒｄｅｄ ｉｎ ｔｈｅ ｊｏｕｒｎａｌｓ, ａｎｄ ｔｈｅ ｅｆｆｅｃｔｓ ｏｆ ｔｈｏｓｅ ｔｒａｎｓａｃｔｉｏｎｓ ａｎｄ ｅｎｔｒｉｅｓ ａｒｅ ｒｅｆｌｅｃｔｅｄ ａｎｄ ｓｕｍｍａｒｉｚｅｄ ｉｎ ｔｈｅ ｄｉｆｆｅｒｅｎｔ ａｃｃｏｕｎｔｓ ｉｎ ｔｈｅ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ ａｎｄ ｓｕｂｌｅｄｇｅｒｓ. Ｔｈｅ ｔｒｉａｌ ｂａｌａｎｃｅ ｇｅｎｅｒａｔｅｄ ｆｒｏｍ ｔｈｅ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ ｉｓ ｕｓｅｄ ａｓ ｔｈｅ ｂａｓｉｓ ｆｏｒ ｐｒｅｐａｒｉｎｇ ｔｈｅ ｆｉｎａｎｃｉａｌ ｓｔａｔｅｍｅｎｔｓ ｆｏｒ ｙｏｕｒ ｂｕｓｉｎｅｓｓ, ｉｎｃｌｕｄｉｎｇ ｔｈｅ ｂａｌａｎｃｅ ｓｈｅｅｔ, ｉｎｃｏｍｅ ｓｔａｔｅｍｅｎｔ, ｃａｓｈ ｆｌｏｗ ｓｔａｔｅｍｅｎｔ, ａｎｄ ｏｔｈｅｒｓ. Ｊｏｕｒｎａｌｓ Ｔｈｅ ｊｏｕｒｎａｌｓ ｕｓｅｄ ｔｏ ｒｅｃｏｒｄ ｔｒａｎｓａｃｔｉｏｎｓ ｉｎｃｌｕｄｅ ｔｈｅ ｃａｓｈ ｏｒ ｂａｎｋ ｂｏｏｋ, ｔｈｅ ｐｕｒｃｈａｓｅｓ ａｎｄ ｓａｌｅｓ ｊｏｕｒｎａｌ, ａｎｄ ｔｈｅ ｇｅｎｅｒａｌ ｊｏｕｒｎａｌ. Ｔｈｅ ｃａｓｈ ｏｒ ｂａｎｋ ｂｏｏｋ ｉｓ ｕｓｅｄ ｔｏ ｒｅｃｏｒｄ ａｌｌ ｃａｓｈ ｒｅｃｅｉｐｔｓ ａｎｄ ｄｉｓｂｕｒｓｅｍｅｎｔｓ. Ｃａｓｈ ｒｅｃｅｉｐｔｓ ａｒｅ ｂｏｏｋｅｄ ｗｉｔｈ ａ ｄｅｂｉｔ ｔｏ ｔｈｅ ｃａｓｈ ｏｒ ｂａｎｋ ａｃｃｏｕｎｔ ａｎｄ ａ ｃｒｅｄｉｔ ｔｏ ｓａｌｅｓ ｏｒ ｏｔｈｅｒ ａｃｃｏｕｎｔｓ ａｓ ａｐｐｌｉｃａｂｌｅ. Ｃａｓｈ ｄｉｓｂｕｒｓｅｍｅｎｔｓ ａｒｅ ｂｏｏｋｅｄ ｗｉｔｈ ａ ｃｒｅｄｉｔ ｔｏ ｔｈｅ ｃａｓｈ ｏｒ ｂａｎｋ ａｃｃｏｕｎｔ ａｎｄ ａ ｄｅｂｉｔ ｔｏ ｃｏｓｔ ｏｒ ｅｘｐｅｎｓｅ ａｃｃｏｕｎｔｓ; ａｓｓｅｔ ａｃｃｏｕｎｔｓ ｆｏｒ ｔｈｅ ｐｕｒｃｈａｓｅ ｏｆ ｓｅｃｕｒｉｔｉｅｓ, ｉｎｖｅｓｔｍｅｎｔｓ, ｉｎｖｅｎｔｏｒｙ, ｅｑｕｉｐｍｅｎｔ, ｏｒ ｏｔｈｅｒ ａｓｓｅｔｓ; ｏｒ ｄｅｂｉｔｓ ｔｏ ｔｈｅ ｌｉａｂｉｌｉｔｙ ａｃｃｏｕｎｔｓ ｗｈｅｎ ｙｏｕ ｍａｋｅ ｐａｙｍｅｎｔｓ ｏｎ ａｃｃｏｕｎｔｓ ｐａｙａｂｌｅ, ｌｏａｎｓ, ｏｒ ｏｔｈｅｒ ｏｂｌｉｇａｔｉｏｎｓ. Ｉｎ ｔｈｅ ｐｕｒｃｈａｓｅｓ ａｎｄ ｓａｌｅｓ ｊｏｕｒｎａｌ, ｐｕｒｃｈａｓｅｓ ａｒｅ ｒｅｃｏｒｄｅｄ ｗｉｔｈ ａ ｄｅｂｉｔ ｔｏ ｍｅｒｃｈａｎｄｉｓｅ ｉｎｖｅｎｔｏｒｙ ｏｒ ａｎｏｔｈｅｒ ａｓｓｅｔ ａｃｃｏｕｎｔ, ｏｒ ｔｏ ａｎ ｅｘｐｅｎｓｅ ａｃｃｏｕｎｔ, ｗｉｔｈ ａ ｃｒｅｄｉｔ ｔｏ ａｃｃｏｕｎｔｓ ｐａｙａｂｌｅ. Ｓａｌｅｓ ａｒｅ ｒｅｃｏｒｄｅｄ ｗｉｔｈ ａ ｃｒｅｄｉｔ ｔｏ ａ ｓａｌｅｓ ａｃｃｏｕｎｔ ａｎｄ ａ ｄｅｂｉｔ ｔｏ ａｃｃｏｕｎｔｓ ｒｅｃｅｉｖａｂｌｅ. Ｉｎ ｔｈｅ ｇｅｎｅｒａｌ ｊｏｕｒｎａｌ ｖａｒｉｏｕｓ ｔｙｐｅｓ ｏｆ ａｃｃｏｕｎｔｉｎｇ ｅｎｔｒｉｅｓ ａｒｅ ｍａｄｅ ｔｈａｔ ｄｏ ｎｏｔ ｃｏｒｒｅｓｐｏｎｄ ｔｏ ｏｎｅ ｏｆ ｔｈｅ ｏｔｈｅｒ ｊｏｕｒｎａｌｓ; ｔｈａｔ ｉｓ, ｅｎｔｒｉｅｓ ｔｈａｔ ｄｏ ｎｏｔ ｉｎｖｏｌｖｅ ａ ｃａｓｈ ｒｅｃｅｉｐｔ ｏｒ ｄｉｓｂｕｒｓｅｍｅｎｔ, ｏｒ ａ ｐｕｒｃｈａｓｅ ｏｒ ｓａｌｅ. Ｔｈｅｓｅ ｉｎｃｌｕｄｅ ｅｎｔｒｉｅｓ ｔｏ ｒｅｃｏｒｄ ｄｅｐｒｅｃｉａｔｉｏｎ, ａｍｏｒｔｉｚａｔｉｏｎ, ａｃｃｒｕａｌｓ, ａｄｊｕｓｔｍｅｎｔｓ, ｒｅｃｌａｓｓｉｆｉｃａｔｉｏｎｓ, ａｎｄ ｃｏｒｒｅｃｔｉｏｎｓ. Ｔｈｅ ｐａｙｒｏｌｌ ｒｅｇｉｓｔｅｒ, ｅｖｅｎ ｔｈｏｕｇｈ ｉｔ ｍａｙ ｎｏｔ ｂｅ ｃｏｎｓｉｄｅｒｅｄ ａｎ ａｃｃｏｕｎｔｉｎｇ ｊｏｕｒｎａｌ, ｃｏｎｓｔｉｔｕｔｅｓ ａ ｔｒａｎｓａｃｔｉｏｎｓ ｒｅｇｉｓｔｅｒ. Ｃｈａｒｇｅｓ ａｒｅ ｒｅｃｏｒｄｅｄ ｔｏ ｅｘｐｅｎｓｅ ａｃｃｏｕｎｔｓ ｆｏｒ ｓａｌａｒｉｅｓ, ｗａｇｅｓ, ａｎｄ ｏｔｈｅｒ ｃｏｍｐｅｎｓａｔｉｏｎ, ｅｍｐｌｏｙｅｅ ｂｅｎｅｆｉｔｓ, ｔｈｅ ｅｍｐｌｏｙｅｒ'ｓ ｐｏｒｔｉｏｎ ｏｆ ｐａｙｒｏｌｌ ｔａｘｅｓ, ａｎｄ ｏｔｈｅｒ ａｃｃｏｕｎｔｓ ａｓ ａｐｐｌｉｃａｂｌｅ. Ｔｈｅ ｏｆｆｓｅｔｓ ａｒｅ ｃｒｅｄｉｔｓ ｔｏ ｓａｌａｒｉｅｓ ａｎｄ ｗａｇｅｓ ｐａｙａｂｌｅ, ｅｍｐｌｏｙｅｅ ｂｅｎｅｆｉｔｓ ｐａｙａｂｌｅ, ｔａｘｅｓ ｗｉｔｈｈｅｌｄ, ａｎｄ ｐａｙｒｏｌｌ ｔａｘｅｓ ｐａｙａｂｌｅ. Ａｌｌ ｔｈｅ ａｃｃｏｕｎｔｉｎｇ ｅｎｔｒｉｅｓ ｉｎ ｅａｃｈ ｏｎｅ ｏｆ ｔｈｅ ｊｏｕｒｎａｌｓ ａｒｅ ｓｕｍｍａｒｉｚｅｄ ａｎｄ ｐｏｓｔｅｄ ｔｏ ｔｈｅ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ ｅａｃｈ ｍｏｎｔｈ. Ｄｅｐｅｎｄｉｎｇ ｏｎ ｔｈｅ ａｃｃｏｕｎｔｉｎｇ ｓｙｓｔｅｍ ｉｍｐｌｅｍｅｎｔｅｄ, ｔｈｅ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ ｃｏｕｌｄ ｂｅ ｕｐｄａｔｅｄ ｉｎ ｒｅａｌ ｔｉｍｅ, ｅａｃｈ ｔｉｍｅ ａｎ ｅｎｔｒｙ ｉｓ ｍａｄｅ ｉｎ ｏｎｅ ｏｆ ｔｈｅ ｊｏｕｒｎａｌｓ. Ｇｅｎｅｒａｌ Ｌｅｄｇｅｒ Ｔｈｅ ａｃｃｏｕｎｔｉｎｇ ｅｎｔｒｉｅｓ ｆｒｏｍ ｔｈｅ ｊｏｕｒｎａｌｓ ａｒｅ ｐｏｓｔｅｄ ｔｏ ｔｈｅ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ, ｗｈｉｃｈ ｃｏｎｓｉｓｔｓ ｏｆ ｔｈｅ ａｃｃｏｕｎｔｓ ｓｅｔ ｕｐ ｉｎ ｔｈｅ ｃｈａｒｔ ｏｆ ａｃｃｏｕｎｔｓ, ｗｉｔｈ ｅａｃｈ ａｃｃｏｕｎｔ ｓｈｏｗｉｎｇ ｔｈｅ ｏｐｅｎｉｎｇ ｂａｌａｎｃｅ ｆｏｒ ｔｈｅ ｐｅｒｉｏｄ, ｔｈｅ ａｃｔｉｖｉｔｙ ｆｏｒ ｔｈｅ ｐｅｒｉｏｄ, ａｎｄ ｔｈｅ ｃｌｏｓｉｎｇ ｂａｌａｎｃｅ. Ａｃｃｏｒｄｉｎｇ ｔｏ ｄｏｕｂｌｅ-ｅｎｔｒｙ ａｃｃｏｕｎｔｉｎｇ, ｔｈｅ ｔｏｔａｌ ｏｆ ａｌｌ ｔｈｅ ｄｅｂｉｔｓ ｍｕｓｔ ａｌｗａｙｓ ｂｅ ｅｑｕａｌ ｔｏ ｔｈｅ ｔｏｔａｌ ｏｆ ａｌｌ ｔｈｅ ｃｒｅｄｉｔｓ, ａｎｄ ｔｈｅｒｅｆｏｒｅ ｔｏｔａｌ ａｓｓｅｔｓ ａｒｅ ａｌｗａｙｓ ｅｑｕａｌ ｔｏ ｔｈｅ ｔｏｔａｌ ｌｉａｂｉｌｉｔｉｅｓ ａｎｄ ｃａｐｉｔａｌ, ｆｒｏｍ ｗｈｉｃｈ ｔｈｅ ｃｏｎｃｅｐｔ ｏｆ ｂａｌａｎｃｉｎｇ ｔｈｅ ｂｏｏｋｓ ｉｓ ｄｅｒｉｖｅｄ. Ｏｎｃｅ ａｌｌ ｔｈｅ ｅｎｔｒｉｅｓ ｆｒｏｍ ｔｈｅ ｊｏｕｒｎａｌｓ ｈａｖｅ ｂｅｅｎ ｐｏｓｔｅｄ ｔｏ ｔｈｅ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ, ａ ｔｒｉａｌ ｂａｌａｎｃｅ ｃａｎ ｂｅ ｇｅｎｅｒａｔｅｄ. Ｔｈｉｓ ｉｓ ａ ｒｅｐｏｒｔ ｔｈａｔ ｓｈｏｗｓ ａｌｌ ｔｈｅ ｂａｌａｎｃｅ ｓｈｅｅｔ ａｎｄ ｉｎｃｏｍｅ ｓｔａｔｅｍｅｎｔ ａｃｃｏｕｎｔｓ ｗｉｔｈ ｔｈｅｉｒ ｒｅｓｐｅｃｔｉｖｅ ｂａｌａｎｃｅｓ. Ｔｈｅ ｔｒｉａｌ ｂａｌａｎｃｅ ｉｓ ｒｅｖｉｅｗｅｄ, ａｎｙ ｎｅｃｅｓｓａｒｙ ａｄｊｕｓｔｍｅｎｔｓ ａｒｅ ｒｅｃｏｒｄｅｄ, ａｎｄ ｔｈｅ ｔｒｉａｌ ｂａｌａｎｃｅ ｉｓ ｔｈｅｎ ｒｅａｄｙ ｔｏ ｂｅ ｕｓｅｄ ａｓ ａ ｂａｓｉｓ ｆｏｒ ｇｅｎｅｒａｔｉｎｇ ｔｈｅ ｆｉｎａｎｃｉａｌ ｓｔａｔｅｍｅｎｔｓ. Ｔｈｅ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ ｍａｙ ｂｅ ａｃｃｏｍｐａｎｉｅｄ ａｎｄ ｓｕｐｐｏｒｔｅｄ ｂｙ ｓｕｂｌｅｄｇｅｒｓ, ｗｈｉｃｈ ｐｒｏｖｉｄｅ ａ ｂｒｅａｋｄｏｗｎ ｏｆ ｔｈｅ ｒｅｌａｔｅｄ ａｃｃｏｕｎｔｓ ｏｎ ｔｈｅ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ. Ｆｏｒ ｅｘａｍｐｌｅ, ｔｈｅ ｔｒａｄｅ ａｃｃｏｕｎｔｓ ｒｅｃｅｉｖａｂｌｅ ｓｕｂｌｅｄｇｅｒ ｓｈｏｗｓ ｔｈｅ ａｃｔｉｖｉｔｙ ｉｎ ｅａｃｈ ｉｎｄｉｖｉｄｕａｌ ｃｕｓｔｏｍｅｒ'ｓ ａｃｃｏｕｎｔ, ａｎｄ ｔｈｅ ｔｒａｄｅ ａｃｃｏｕｎｔｓ ｐａｙａｂｌｅ ｓｕｂｌｅｄｇｅｒ ｓｈｏｗｓ ｔｈｅ ａｃｔｉｖｉｔｙ ｉｎ ｅａｃｈ ｉｎｄｉｖｉｄｕａｌ ｖｅｎｄｏｒ'ｓ ａｃｃｏｕｎｔ. Ｔｈｅ ｂａｌａｎｃｅ ｏｆ ｔｈｅ ｓｕｂｌｅｄｇｅｒ ｍｕｓｔ ａｌｗａｙｓ ｂｅ ｅｑｕａｌ ｔｏ ｔｈｅ ｂａｌａｎｃｅ ｏｆ ｔｈｅ ｃｏｎｔｒｏｌ ａｃｃｏｕｎｔ ｏｎ ｔｈｅ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ. Ｉｎｔｅｇｒａｔｅｄ Ａｃｃｏｕｎｔｉｎｇ ｆｏｒ Ｙｏｕｒ Ｂｕｓｉｎｅｓｓ Ｔａｋｅｎ ｔｏｇｅｔｈｅｒ, ｔｈｅ ｊｏｕｒｎａｌｓ, ｇｅｎｅｒａｌ ｌｅｄｇｅｒ, ａｎｄ ｓｕｂｌｅｄｇｅｒｓ ｍａｋｅ ｕｐ ｙｏｕｒ ａｃｃｏｕｎｔｉｎｇ ｂｏｏｋｓ. Ｍａｎｙ ｔｉｍｅｓ, ａｎ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ ｐａｃｋａｇｅ ｔｒｅａｔｓ ｔｈｅ ｂｏｏｋｓ ａｓ ｍｏｄｕｌｅｓ ｔｈａｔ ｉｎｔｅｒａｃｔ. Ｔｈｅ ｍｏｄｕｌｅｓ ｆｏｒ ｔｈｅ ｊｏｕｒｎａｌｓ ｆｅｅｄ ｔｈｅ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ ａｎｄ ｓｕｂｌｅｄｇｅｒ ｍｏｄｕｌｅｓ, ｗｉｔｈ ｔｈｅ ｃａｐａｃｉｔｙ ｔｏ ｇｅｎｅｒａｔｅ ｖａｒｉｏｕｓ ｔｙｐｅｓ ｏｆ ｒｅｐｏｒｔｓ ａｎｄ ａｎａｌｙｓｅｓ. Ａｃｃｏｕｎｔｉｎｇ ｏｎ ａ Ｃａｓｈ ｏｒ Ａｃｃｒｕａｌ Ｂａｓｉｓ Ｔｈｅｒｅ ａｒｅ ｂａｓｉｃａｌｌｙ ｔｗｏ ｍｅｔｈｏｄｓ ｆｏｒ ｋｅｅｐｉｎｇ ｔｈｅ ｂｏｏｋｓ ｆｏｒ ｙｏｕｒ ｂｕｓｉｎｅｓｓ: ｃａｓｈ ｂａｓｉｓ ａｎｄ ａｃｃｒｕａｌ ｂａｓｉｓ. Ｔｈｅｒｅ ｍａｙ ｂｅ ｃａｓｅｓ ｉｎ ｗｈｉｃｈ ｙｏｕ ｃａｎ ｕｓｅ ａ ｃｏｍｂｉｎａｔｉｏｎ ｏｆ ｔｈｅｓｅ ｔｗｏ ｍｅｔｈｏｄｓ. Ｔｈｅｒｅ ｃａｎ ｂｅ ｄｉｆｆｅｒｅｎｃｅｓ ｂｅｔｗｅｅｎ ｔｈｅ ｔｗｏ ｍｅｔｈｏｄｓ ｗｉｔｈ ｒｅｇａｒｄ ｔｏ ｗｈｅｎ ｉｎｃｏｍｅ ａｎｄ ｅｘｐｅｎｓｅｓ ａｒｅ ｒｅｃｏｇｎｉｚｅｄ, ｔｈａｔ ｃａｎ ｔｈｅｒｅｆｏｒｅ ａｆｆｅｃｔ ｎｅｔ ｉｎｃｏｍｅ ｆｏｒ ｔｈｅ ｐｅｒｉｏｄ. Ｃａｓｈ Ｂａｓｉｓ Ａｃｃｏｕｎｔｉｎｇ Ｗｈｅｎ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ｉｎｖｏｌｖｅｓ ａ ｒｅｌａｔｉｖｅｌｙ ｒａｐｉｄ ａｎｄ ｃｏｎｓｔａｎｔ ｔｕｒｎｏｖｅｒ ｏｆ ｃａｓｈ ｍｏｎｔｈ ｔｏ ｍｏｎｔｈ, ｃａｓｈ ｂａｓｉｓ ａｃｃｏｕｎｔｉｎｇ ｃｏｕｌｄ ｂｅ ａｐｐｒｏｐｒｉａｔｅ. Ｆｏｒ ｅｘａｍｐｌｅ, ｉｆ ｙｏｕｒ ｓａｌｅｓ ａｒｅ ｍｏｓｔｌｙ ｏｎ ａ ｃａｓｈ ｂａｓｉｓ, ａｎｄ ｙｏｕ ｐａｙ ｙｏｕｒ ｅｘｐｅｎｓｅｓ ａｓ ｔｈｅｙ ａｒｅ ｉｎｃｕｒｒｅｄ, ｔｈｅ ｃａｓｈ ｂａｓｉｓ ｃｏｕｌｄ ｃｏｒｒｅｃｔｌｙ ｒｅｆｌｅｃｔ ｙｏｕｒ ｎｅｔ ｉｎｃｏｍｅ ｅａｃｈ ａｃｃｏｕｎｔｉｎｇ ｐｅｒｉｏｄ. Ｏｎｅ ｏｆ ｔｈｅ ｍａｉｎ ａｄｖａｎｔａｇｅｓ ｏｆ ｔｈｉｓ ｍｅｔｈｏｄ ｉｓ ｉｔｓ ｓｉｍｐｌｉｃｉｔｙ. Ｙｏｕ ｂａｓｉｃａｌｌｙ ｄｏ ｙｏｕｒ ａｃｃｏｕｎｔｉｎｇ ａｃｃｏｒｄｉｎｇ ｔｏ ｔｈｅ ａｃｔｉｖｉｔｙ ｉｎ ｙｏｕｒ ｂａｎｋ ａｃｃｏｕｎｔ. Ｙｏｕ ｍａｙ ｈａｖｅ ｔｏ ｍａｋｅ ｓｏｍｅ ａｄｊｕｓｔｍｅｎｔｓ ｆｏｒ ｉｔｅｍｓ ｌｉｋｅ ｄｅｐｒｅｃｉａｔｉｏｎ, ｗｈｉｃｈ ｄｏ ｎｏｔ ｉｎｖｏｌｖｅ ａ ｃａｓｈ ｆｌｏｗ. Ａｃｃｒｕａｌ Ｂａｓｉｓ Ａｃｃｏｕｎｔｉｎｇ Ｉｆ ｔｈｅｒｅ ａｒｅ ｓｉｇｎｉｆｉｃａｎｔ ｆｌｕｃｔｕａｔｉｏｎｓ ｉｎ ｙｏｕｒ ｃａｓｈ ｆｌｏｗ, ｆｏｒ ｅｘａｍｐｌｅ ｗｈｅｎ ｙｏｕ ｒｅｃｅｉｖｅ ｓｉｇｎｉｆｉｃａｎｔ ａｍｏｕｎｔｓ ｉｎ ｏｎｅ ｍｏｎｔｈ ｔｈａｔ ｒｅｐｒｅｓｅｎｔ ｐａｙｍｅｎｔ ｆｏｒ ｓｅｖｅｒａｌ ｍｏｎｔｈｓ ｏｆ ｗｏｒｋ, ｔｈｅ ａｃｃｒｕａｌ ｂａｓｉｓ ｗｉｌｌ ｍｏｒｅ ｃｏｒｒｅｃｔｌｙ ｒｅｆｌｅｃｔ ｙｏｕｒ ｎｅｔ ｉｎｃｏｍｅ ｍｏｎｔｈ ｔｏ ｍｏｎｔｈ. Ａｎｄ ｗｈｅｎ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ｉｎｖｏｌｖｅｓ ｈａｎｄｌｉｎｇ ｉｎｖｅｎｔｏｒｙ, ｙｏｕ ｓｈｏｕｌｄ ｕｓｅ ｔｈｅ ａｃｃｒｕａｌ ｂａｓｉｓ ｆｏｒ ｙｏｕｒ ａｃｃｏｕｎｔｉｎｇ. Ａｃｃｏｒｄｉｎｇ ｔｏ ｔｈｉｓ ｍｅｔｈｏｄ, ｉｎｃｏｍｅ ｉｓ ｒｅｃｏｒｄｅｄ ｗｈｅｎ ｉｔ ｉｓ ｅａｒｎｅｄ, ｒｅｇａｒｄｌｅｓｓ ｏｆ ｗｈｅｎ ｐａｙｍｅｎｔ ｉｓ ｒｅｃｅｉｖｅｄ, ａｎｄ ｅｘｐｅｎｓｅｓ ａｒｅ ｂｏｏｋｅｄ ｗｈｅｎ ｔｈｅｙ ａｒｅ ｉｎｃｕｒｒｅｄ, ａｎｄ ｎｏｔ ｎｅｃｅｓｓａｒｉｌｙ ｗｈｅｎ ｔｈｅｙ ａｒｅ ｐａｉｄ. Ｔｈｅ ａｃｃｒｕａｌ ｍｅｔｈｏｄ ｉｓ ａ ｍｏｒｅ ｐｒｏｐｅｒ ｒｅｐｒｅｓｅｎｔａｔｉｏｎ ｏｆ ｔｈｅ ａｃｃｏｕｎｔｉｎｇ ｐｒｉｎｃｉｐｌｅ ｏｆ ｍａｔｃｈｉｎｇ ｉｎｃｏｍｅ ｗｉｔｈ ｔｈｅ ｅｘｐｅｎｓｅｓ ｉｎｃｕｒｒｅｄ ｉｎ ｏｒｄｅｒ ｔｏ ｐｒｏｄｕｃｅ ｔｈａｔ ｉｎｃｏｍｅ. Ｔｈｅ ｄｉｆｆｅｒｅｎｃｅｓ ｔｈａｔ ｄｉｓｔｏｒｔ ｎｅｔ ｉｎｃｏｍｅ ｕｎｄｅｒ ｔｈｅ ｃａｓｈ ｍｅｔｈｏｄ ａｒｅ ｏｖｅｒｃｏｍｅ ｗｉｔｈ ｔｈｅ ａｃｃｒｕａｌ ｍｅｔｈｏｄ ｂｙ ｍａｋｉｎｇ ａｃｃｏｕｎｔｉｎｇ ｅｎｔｒｉｅｓ ｆｏｒ ｅａｒｎｅｄ ｉｎｃｏｍｅ ａｎｄ ａｃｃｒｕｅｄ ｅｘｐｅｎｓｅｓ, ｆｏｒ ａｍｏｒｔｉｚｉｎｇ ｐｒｅｐａｉｄ ｅｘｐｅｎｓｅｓ ｏｖｅｒ ｔｈｅ ｐｅｒｉｏｄｓ ａｆｆｅｃｔｅｄ, ａｎｄ ｂｙ ｄｅｆｅｒｒｉｎｇ ｃｈａｒｇｅｓ ｐａｉｄ ｄｕｒｉｎｇ ｔｈｅ ｃｕｒｒｅｎｔ ｐｅｒｉｏｄ ｔｈａｔ ａｆｆｅｃｔ ｓｕｂｓｅｑｕｅｎｔ ｐｅｒｉｏｄｓ. Ｔｈｅ ａｃｃｒｕａｌ ｍｅｔｈｏｄ ｉｎｖｏｌｖｅｓ ｍｏｒｅ ａｃｃｏｕｎｔｉｎｇ ｗｏｒｋ, ｂｕｔ ｉｔ ｉｓ ｔｈｅ ｍｏｓｔ ｃｏｒｒｅｃｔ ａｎｄ ａｐｐｒｏｐｒｉａｔｅ ｍｅｔｈｏｄ ａｃｃｏｒｄｉｎｇ ｔｏ ｇｅｎｅｒａｌｌｙ ａｃｃｅｐｔｅｄ ａｃｃｏｕｎｔｉｎｇ ｐｒｉｎｃｉｐｌｅｓ. Ｃｏｍｂｉｎｉｎｇ ｔｈｅ Ｃａｓｈ ａｎｄ Ａｃｃｒｕａｌ Ｍｅｔｈｏｄｓ Ｔｈｅ ｉｄｅａ ｏｆ ｃｏｍｂｉｎｉｎｇ ｔｈｅ ｃａｓｈ ａｎｄ ａｃｃｒｕａｌ ｍｅｔｈｏｄｓ ｉｓ ｔｏ ｔａｋｅ ｔｈｅ ｐｏｓｉｔｉｖｅ ａｓｐｅｃｔｓ ｏｆ ｅａｃｈ ｔｏ ａｃｈｉｅｖｅ ａ ｓｙｓｔｅｍ ｔｈａｔ ｉｓ ｐｒａｃｔｉｃａｌ, ａｎｄ ｔｈａｔ ｇｅｎｅｒａｔｅｓ ｃｏｒｒｅｃｔ ｒｅｓｕｌｔｓ. Ｆｏｒ ｅｘａｍｐｌｅ, ｗｉｔｈ ａ ｃｏｍｂｉｎｅｄ ｍｅｔｈｏｄ ｙｏｕ ｃｏｕｌｄ ｒｅｃｏｒｄ ｙｏｕｒ ｓａｌｅｓ ｂａｓｅｄ ｏｎ ｙｏｕｒ ｃａｓｈ ｒｅｃｅｉｐｔｓ, ｙｏｕｒ ｅｘｐｅｎｓｅｓ ｂａｓｅｄ ｏｎ ｃａｓｈ ｄｉｓｂｕｒｓｅｍｅｎｔｓ, ａｎｄ ｔｈｅｎ ｍａｋｅ ａｄｄｉｔｉｏｎａｌ ａｃｃｏｕｎｔｉｎｇ ｅｎｔｒｉｅｓ ｔｏ ｄｉｓｔｒｉｂｕｔｅ ｃｅｒｔａｉｎ ｉｔｅｍｓ ｔｏ ｐｒｏｐｅｒｌｙ ｒｅｆｌｅｃｔ ｔｈｅｉｒ ｅｆｆｅｃｔｓ ｉｎ ｔｈｅ ｃｏｒｒｅｓｐｏｎｄｉｎｇ ａｃｃｏｕｎｔｉｎｇ ｐｅｒｉｏｄｓ. Ｔｈｅｓｅ ｅｎｔｒｉｅｓ, ｂａｓｅｄ ｏｎ ｔｈｅ ａｃｃｒｕａｌ ｍｅｔｈｏｄ, ｗｏｕｌｄ ｉｎｃｌｕｄｅ ｅｎｔｒｉｅｓ ｔｏ ｍａｋｅ ａｃｃｒｕａｌｓ, ｔｏ ｄｅｆｅｒ ｃｈａｒｇｅｓ, ｔｏ ａｃｃｏｕｎｔ ｆｏｒ ｔｈｅ ｃｏｓｔ ｏｆ ｓａｌｅｓ ｂａｓｅｄ ｏｎ ｃｈａｎｇｅｓ ｉｎ ｙｏｕｒ ｉｎｖｅｎｔｏｒｙ, ａｎｄ ｔｏ ａｃｃｏｕｎｔ ｆｏｒ ｄｅｐｒｅｃｉａｔｉｏｎ ａｎｄ ａｍｏｒｔｉｚａｔｉｏｎ. Ｉｔ ｓｈｏｕｌｄ ｂｅ ｎｏｔｅｄ ｔｈａｔ ｃｅｒｔａｉｎ ａｃｃｏｕｎｔｉｎｇ ｔｒｅａｔｍｅｎｔｓ ａｒｅ ｒｅｑｕｉｒｅｄ ｉｎ ｃｅｒｔａｉｎ ｃｉｒｃｕｍｓｔａｎｃｅｓ ａｃｃｏｒｄｉｎｇ ｔｏ ｉｎｃｏｍｅ ｔａｘ ｌａｗ. Ｉｆ ｔｈｅ ａｃｃｏｕｎｔｉｎｇ ｍｅｔｈｏｄ ｙｏｕ ａｒｅ ｕｓｉｎｇ ｆｏｒ ｂｏｏｋ ｏｒ ｆｉｎａｎｃｉａｌ ｐｕｒｐｏｓｅｓ ｄｏｅｓ ｎｏｔ ｃｏｎｆｏｒｍ ｔｏ ｔｈｅ ｔｒｅａｔｍｅｎｔ ｒｅｑｕｉｒｅｄ ｆｏｒ ｔａｘ ｐｕｒｐｏｓｅｓ, ｙｏｕ ｗｉｌｌ ｎｅｅｄ ｔｏ ｍａｋｅ ａｄｊｕｓｔｍｅｎｔｓ ｗｈｅｎ ｙｏｕ ｐｒｅｐａｒｅ ｙｏｕｒ ｉｎｃｏｍｅ ｔａｘ ｒｅｔｕｒｎ. Ｃｈｏｏｓｉｎｇ Ａｃｃｏｕｎｔｉｎｇ Ｓｏｆｔｗａｒｅ ｆｏｒ Ｙｏｕｒ Ｂｕｓｉｎｅｓｓ Ｔｈｅ ｍｏｓｔ ｓｕｉｔａｂｌｅ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ ｆｏｒ ａ ｂｕｓｉｎｅｓｓ ｄｅｐｅｎｄｓ ｏｎ ｔｈｅ ｃｈａｒａｃｔｅｒｉｓｔｉｃｓ ｏｆ ｅａｃｈ ｂｕｓｉｎｅｓｓ. Ｔｈｅｒｅ ａｒｅ ｍａｎｙ ｏｆｆ-ｔｈｅ-ｓｈｅｌｆ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ ｐａｃｋａｇｅｓ ｙｏｕ ｃａｎ ｐｕｒｃｈａｓｅ ｔｈａｔ ｃｏｖｅｒ ａ ｗｉｄｅ ｒａｎｇｅ ｏｆ ｎｅｅｄｓ. Ｖａｒｉｏｕｓ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ ｓｕｐｐｌｉｅｒｓ ｏｆｆｅｒ ｄｉｆｆｅｒｅｎｔ ｖｅｒｓｉｏｎｓ ｏｆ ｔｈｅｉｒ ｓｏｆｔｗａｒｅ ｔｏ ａｃｃｏｍｍｏｄａｔｅ ｄｉｆｆｅｒｅｎｔ ｔｙｐｅｓ ｏｆ ｂｕｓｉｎｅｓｓ, ｉｎ ｔｅｒｍｓ ｏｆ ｔｈｅｉｒ ｓｉｚｅ, ｃｏｍｐｌｅｘｉｔｙ, ａｎｄ ｔｈｅ ｉｎｆｏｒｍａｔｉｏｎ ｔｅｃｈｎｏｌｏｇｙ ｒｅｑｕｉｒｅｍｅｎｔｓ ｏｆ ｔｈｅ ｕｓｅｒｓ. Ｄｏ Ｙｏｕ Ｎｅｅｄ Ａｃｃｏｕｎｔｉｎｇ Ｓｏｆｔｗａｒｅ? Ｉｆ ｙｏｕ ａｒｅ ａ ｓｏｌｅ ｐｒｏｐｒｉｅｔｏｒ ａｎｄ ｒｕｎ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ｆｒｏｍ ｈｏｍｅ ｙｏｕ ｍａｙ ｎｏｔ ｅｖｅｎ ｎｅｅｄ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ. Ａｓ ｌｏｎｇ ａｓ ｙｏｕ ｋｅｅｐ ａｄｅｑｕａｔｅ ｒｅｃｏｒｄｓ ｉｎ ｏｒｄｅｒ ｔｏ ｆｉｌｅ ｙｏｕｒ ｔａｘ ｒｅｔｕｒｎｓ, ａｎｄ ｍｅｅｔ ｙｏｕｒ ｏｗｎ ｉｎｆｏｒｍａｔｉｏｎ ｒｅｑｕｉｒｅｍｅｎｔｓ ａｎｄ ｔｈｏｓｅ ｏｆ ａｎｙ ｉｎｔｅｒｅｓｔｅｄ ｔｈｉｒｄ ｐａｒｔｙ, ｓｕｃｈ ａｓ ａ ｌｅｎｄｅｒ ｏｒ ｉｎｖｅｓｔｏｒ, ｉｔ ｍａｙ ｂｅ ｓｕｆｆｉｃｉｅｎｔ ｔｏ ｋｅｅｐ ｒｅｃｏｒｄｓ ｏｆ ｙｏｕｒ ｉｎｃｏｍｅ ａｎｄ ｅｘｐｅｎｓｅｓ ｉｎ ａ ｓｐｒｅａｄｓｈｅｅｔ, ｏｒ ｕｓｅ ｓｏｆｔｗａｒｅ ｄｅｓｉｇｎｅｄ ｆｏｒ ｍａｎａｇｉｎｇ ｐｅｒｓｏｎａｌ ｆｉｎａｎｃｅｓ. Ｂｕｔ ｗｈｅｎ ｔｈｅｒｅ ｉｓ ｍｏｒｅ ｔｈａｎ ｏｎｅ ｐｅｒｓｏｎ ｉｎ ｔｈｅ ｂｕｓｉｎｅｓｓ, ｗｈｅｎ ｙｏｕ ａｒｅ ｅｓｔａｂｌｉｓｈｅｄ ａｓ ａ ｐａｒｔｎｅｒｓｈｉｐ ｏｒ ｃｏｒｐｏｒａｔｉｏｎ, ｏｒ ｗｈｅｎ ｔｈｅｒｅ ａｒｅ ｃｅｒｔａｉｎ ｒｅｇｕｌａｔｉｏｎｓ ｏｎ ｔｈｅ ｒｅｐｏｒｔｓ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ｉｓ ｒｅｑｕｉｒｅｄ ｔｏ ｇｅｎｅｒａｔｅ, ｉｔ ｗｉｌｌ ｐｒｏｂａｂｌｙ ｂｅ ｎｅｃｅｓｓａｒｙ ｔｏ ｈａｖｅ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ ｆｏｒ ｙｏｕｒ ｂｕｓｉｎｅｓｓ. Ｉｔ ｍａｙ ｂｅ ｔｈａｔ ｙｏｕ ｈａｖｅ ｅｍｐｌｏｙｅｅｓ ｏｒ ｐａｒｔｎｅｒｓ ｉｎ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ｗｈｏ ａｒｅ ｓｕｆｆｉｃｉｅｎｔｌｙ ｔｒａｉｎｅｄ ａｎｄ ａｂｌｅ ｔｏ ｄｅｖｅｌｏｐ ｃｕｓｔｏｍｉｚｅｄ ｓｏｆｔｗａｒｅ ｆｏｒ ｙｏｕｒ ｂｕｓｉｎｅｓｓ. Ｗｈｅｎ ｙｏｕ ａｒｅ ｃｏｎｓｉｄｅｒｉｎｇ ｔｈｉｓ ｏｐｔｉｏｎ, ｔｈｅ ｃｏｓｔ ｆａｃｔｏｒ ｍｕｓｔ ｂｅ ｔａｋｅｎ ｉｎｔｏ ａｃｃｏｕｎｔ, ａｎｄ ｉｔ ｉｓ ａｌｓｏ ｉｍｐｏｒｔａｎｔ ｔｏ ｃｏｎｓｉｄｅｒｅｒ ｔｈｅ ｐｏｔｅｎｔｉａｌ ｎｅｅｄ ｔｏ ａｄａｐｔ ｔｈｅ ｓｏｆｔｗａｒｅ ｌａｔｅｒ ｏｎｅ, ｗｈｅｎ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ｇｒｏｗｓ ａｎｄ ｄｅｖｅｌｏｐｓ. Ｆａｃｔｏｒｓ ｔｏ Ｃｏｎｓｉｄｅｒ ｗｈｅｎ Ｓｅｌｅｃｔｉｎｇ Ａｃｃｏｕｎｔｉｎｇ Ｓｏｆｔｗａｒｅ Ｔｈｅ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ ｙｏｕ ｓｅｌｅｃｔ ｓｈｏｕｌｄ ｂｅ ｓｕｆｆｉｃｉｅｎｔｌｙ ｃｏｍｐｌｅｔｅ ｔｏ ｃｏｖｅｒ ａｌｌ ｔｈｅ ｆｉｎａｎｃｉａｌ ｉｎｆｏｒｍａｔｉｏｎ ｎｅｅｄｓ ｏｆ ｙｏｕｒ ｂｕｓｉｎｅｓｓ. Ｄｅｐｅｎｄｉｎｇ ｏｎ ｔｈｅ ｔｙｐｅ ｏｆ ｂｕｓｉｎｅｓｓ ｙｏｕ ｈａｖｅ, ｔｈｅｓｅ ｎｅｅｄｓ ｎｏｒｍａｌｌｙ ｉｎｃｌｕｄｅ ｔｈｅ ｃａｐａｃｉｔｙ ｔｏ ｋｅｅｐ ｔｈｅ ｂａｓｉｃ ａｃｃｏｕｎｔｉｎｇ ｂｏｏｋｓ; ｐｒｏｖｉｄｅ ｉｎｆｏｒｍａｔｉｏｎ ｔｏ ｐｒｅｐａｒｅ ｙｏｕｒ ｔａｘ ｒｅｔｕｒｎｓ; ａｎｄ ｇｅｎｅｒａｔｅ ｔｈｅ ｓｔａｎｄａｒｄ ｆｉｎａｎｃｉａｌ ｓｔａｔｅｍｅｎｔｓ, ｗｈｉｃｈ ａｒｅ ｔｈｅ ｂａｌａｎｃｅ ｓｈｅｅｔ, ｉｎｃｏｍｅ ｓｔａｔｅｍｅｎｔ, ａｎｄ ｃａｓｈ ｆｌｏｗ ｓｔａｔｅｍｅｎｔ, ｉｎ ａｄｄｉｔｉｏｎ ｔｏ ａｎｙ ｏｔｈｅｒ ｓｐｅｃｉａｌ ｆｉｎａｎｃｉａｌ ｒｅｐｏｒｔｓ ｙｏｕ ｎｅｅｄ ｉｎ ｙｏｕｒ ｂｕｓｉｎｅｓｓ. Ｔｈｅ ｓｏｆｔｗａｒｅ ｍａｙ ｂｅ ｓｅｐａｒａｔｅｄ ｉｎ ｍｏｄｕｌｅｓ, ｓｕｃｈ ａｓ ｓａｌｅｓ ａｎｄ ａｃｃｏｕｎｔｓ ｒｅｃｅｉｖａｂｌｅ, ｐｕｒｃｈａｓｉｎｇ ａｎｄ ａｃｃｏｕｎｔｓ ｐａｙａｂｌｅ, ｐａｙｒｏｌｌ, ｆｉｘｅｄ ａｓｓｅｔｓ, ａｎｄ ｇｅｎｅｒａｌ ｌｅｄｇｅｒ. Ｔｈｅ ｓｏｆｔｗａｒｅ ｓｈｏｕｌｄ ｂｅ ｉｎｔｅｇｒａｔｅｄ ｉｎ ｔｈｅ ｓｅｎｓｅ ｔｈａｔ ａｌｌ ｔｈｅ ｍｏｄｕｌｅｓ ａｒｅ ｃｏｍｐａｔｉｂｌｅ, ａｎｄ ｔｈａｔ ｄａｔａ ａｒｅ ｔｒａｎｓｆｅｒｒｅｄ ｆｒｏｍ ｏｎｅ ｍｏｄｕｌｅ ｔｏ ａｎｏｔｈｅｒ, ｗｉｔｈｏｕｔ ｔｈｅ ｎｅｅｄ ｔｏ ｅｎｔｅｒ ｄａｔａ ｍｏｒｅ ｔｈａｎ ｏｎｃｅ. Ｗｈｅｎ ｍｏｒｅ ｔｈａｎ ｏｎｅ ｐｅｒｓｏｎ ｗｏｒｋｓ ｉｎ ｙｏｕｒ ｂｕｓｉｎｅｓｓ, ｉｔ ｍａｙ ｂｅ ｎｅｃｅｓｓａｒｙ ｔｏ ｈａｖｅ ｍｕｌｔｉ-ｕｓｅｒ ｓｏｆｔｗａｒｅ. Ｔｈｅ ｓｏｆｔｗａｒｅ ｙｏｕ ｐｕｒｃｈａｓｅ ｍｕｓｔ ｂｅ ｃｏｍｐａｔｉｂｌｅ ｗｉｔｈ ｙｏｕｒ ｈａｒｄｗａｒｅ ａｎｄ ｏｐｅｒａｔｉｎｇ ｓｙｓｔｅｍ, ｏｒ ｙｏｕ ｃｏｕｌｄ ｐｕｒｃｈａｓｅ ｔｈｅ ｓｏｆｔｗａｒｅ ｆｉｒｓｔ ａｎｄ ｔｈｅｎ ｂｕｙ ｃｏｍｐａｔｉｂｌｅ ｈａｒｄｗａｒｅ. Ｏｆｆ-ｔｈｅ-ｓｈｅｌｆ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ ｈａｓ ｂｅｃｏｍｅ ｖｅｒｙ ｆｌｅｘｉｂｌｅ ａｎｄ ａｄａｐｔａｂｌｅ, ｂｕｔ ｉｆ ｙｏｕ ａｒｅ ｉｎ ａ ｈｉｇｈｌｙ ｓｐｅｃｉａｌｉｚｅｄ ｂｕｓｉｎｅｓｓ, ｉｔ ｍａｙ ｂｅ ｎｅｃｅｓｓａｒｙ ｔｏ ｃｏｎｓｉｄｅｒ ｙｏｕｒ ｓｐｅｃｉａｌ ｎｅｅｄｓ ｗｈｅｎ ｌｏｏｋｉｎｇ ｆｏｒ ｓｏｆｔｗａｒｅ. Ｔｈｅ ａｖａｉｌａｂｉｌｉｔｙ ｏｆ ｃｕｓｔｏｍｅｒ ｓｅｒｖｉｃｅ ａｎｄ ｔｅｃｈｎｉｃａｌ ｓｕｐｐｏｒｔ ｉｓ ａｎｏｔｈｅｒ ｉｍｐｏｒｔａｎｔ ｆａｃｔｏｒ, ａｓ ｉｓ ａｃｃｅｓｓ ｔｏ ｎｅｗ ｉｍｐｒｏｖｅｄ ｖｅｒｓｉｏｎｓ ｏｆ ｔｈｅ ｓｏｆｔｗａｒｅ ｗｈｅｎ ｔｈｅｙ ｂｅｃｏｍｅ ａｖａｉｌａｂｌｅ, ｏｒ ｔｈｅ ｏｐｔｉｏｎ ｔｏ ｍｉｇｒａｔｅ ｔｏ ａ ｍｏｒｅ ａｄｖａｎｃｅｄ ｖｅｒｓｉｏｎ ｏｆ ｔｈｅ ｓａｍｅ ｓｕｐｐｌｉｅｒ'ｓ ｓｏｆｔｗａｒｅ ｌａｔｅｒ ｏｎ. Ａｎｄ ｏｂｖｉｏｕｓｌｙ ｔｈｅ ｃｏｓｔ ｉｓ ａｌｗａｙｓ ａ ｆａｃｔｏｒ. Ｄｅｃｉｄｉｎｇ ｏｎ Ｓｏｆｔｗａｒｅ Ｉｆ ｔｈｅ ｐｕｒｃｈａｓｅ ｏｆ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ ｄｏｅｓ ｎｏｔ ｒｅｐｒｅｓｅｎｔ ａ ｓｉｇｎｉｆｉｃａｎｔ ｉｎｖｅｓｔｍｅｎｔ ｆｏｒ ｙｏｕｒ ｂｕｓｉｎｅｓｓ, ｙｏｕ ｈａｖｅ ａ ｇｏｏｄ ｕｎｄｅｒｓｔａｎｄｉｎｇ ｏｆ ｔｈｅ ｏｐｅｒａｔｉｏｎｓ ａｎｄ ｉｎｆｏｒｍａｔｉｏｎａｌ ｎｅｅｄｓ ｏｆ ｔｈｅ ｂｕｓｉｎｅｓｓ, ａｎｄ ａｒｅ ｇｅｎｅｒａｌｌｙ ｆａｍｉｌｉａｒ ｗｉｔｈ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ, ｔｈｅ ｄｅｃｉｓｉｏｎ ｓｈｏｕｌｄ ｂｅ ｒｅｌａｔｉｖｅｌｙ ｅａｓｙ. Ｂｕｔ ｉｆ ｔｈｅ ｓｏｆｔｗａｒｅ ｉｎｖｏｌｖｅｓ ａ ｌａｒｇｅ ｉｎｖｅｓｔｍｅｎｔ ａｎｄ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ｈａｓ ｒｅｌａｔｉｖｅｌｙ ｓｏｐｈｉｓｔｉｃａｔｅｄ ｉｎｆｏｒｍａｔｉｏｎ ｒｅｑｕｉｒｅｍｅｎｔｓ, ｉｔ ｍａｙ ｂｅ ｎｅｃｅｓｓａｒｙ ｔｏ ｄｏ ａ ｍｏｒｅ ｔｈｏｒｏｕｇｈ ｅｖａｌｕａｔｉｏｎ, ｐｏｓｓｉｂｌｙ ｉｎｃｌｕｄｉｎｇ ｔｈｅ ｐａｒｔｉｃｉｐａｔｉｏｎ ｏｆ ａ ｓｙｓｔｅｍｓ ａｎａｌｙｓｔ ａｎｄ ｏｎｅ ｏｒ ｍｏｒｅ ｕｓｅｒｓ. Ｓｅｔｔｉｎｇ Ｕｐ ａ Ｃｈａｒｔ ｏｆ Ａｃｃｏｕｎｔｓ Ｏｎｅ ｏｆ ｔｈｅ ｆｉｒｓｔ ｔｈｉｎｇｓ ｙｏｕ ｗｉｌｌ ｈａｖｅ ｔｏ ｄｏ ｗｈｅｎ ｙｏｕ ｉｍｐｌｅｍｅｎｔ ｙｏｕｒ ａｃｃｏｕｎｔｉｎｇ ｓｙｓｔｅｍ ｉｓ ｓｅｔ ｕｐ ｔｈｅ ｃｈａｒｔ ｏｆ ａｃｃｏｕｎｔｓ. Ｔｈｉｓ ｉｓ ａ ｌｉｓｔｉｎｇ ｏｆ ａｌｌ ｔｈｅ ａｃｃｏｕｎｔｓ ｙｏｕ ｗｉｌｌ ｕｓｅ ｔｏ ｋｅｅｐ ｔｈｅ ｂｏｏｋｓ ｆｏｒ ｙｏｕｒ ｂｕｓｉｎｅｓｓ. Ｔｈｅ ｃｈａｒｔ ｏｆ ａｃｃｏｕｎｔｓ ｆｏｒｍｓ ｔｈｅ ｏｕｔｌｉｎｅ ａｃｃｏｒｄｉｎｇ ｔｏ ｗｈｉｃｈ ｔｈｅ ｂａｌａｎｃｅ ｓｈｅｅｔ, ｉｎｃｏｍｅ ｓｔａｔｅｍｅｎｔ, ａｎｄ ｏｔｈｅｒ ｆｉｎａｎｃｉａｌ ｒｅｐｏｒｔｓ ｗｉｌｌ ｂｅ ｇｅｎｅｒａｔｅｄ. Ｔｈｅ ａｃｃｏｕｎｔｓ ｙｏｕ ｓｅｔ ｕｐ ｉｎ ｙｏｕｒ ｃｈａｒｔ ｏｆ ａｃｃｏｕｎｔｓ ｐｒｏｖｉｄｅ ｙｏｕ ｗｉｔｈ ｔｈｅ ｓｔｒｕｃｔｕｒｅ ｆｏｒ ｔｈｅ ｆｉｎａｎｃｉａｌ ｉｎｆｏｒｍａｔｉｏｎ ｙｏｕ ｎｅｅｄ ｔｏ ｍａｎａｇｅ ｙｏｕｒ ｂｕｓｉｎｅｓｓ. Ｔｈｅｒｅｆｏｒｅ, ｗｈｅｎ ｙｏｕ ｓｅｔ ｕｐ ｙｏｕｒ ｃｈａｒｔ ｏｆ ａｃｃｏｕｎｔｓ, ｉｔ'ｓ ｉｍｐｏｒｔａｎｔ ｔｏ ｔｈｉｎｋ ｃａｒｅｆｕｌｌｙ ａｂｏｕｔ ｔｈｅ ｆｉｎａｎｃｉａｌ ｉｎｆｏｒｍａｔｉｏｎ ｙｏｕ ｗｉｌｌ ｎｅｅｄ ｉｎ ｏｒｄｅｒ ｔｏ ｉｓｓｕｅ ｒｅｐｏｒｔｓ ｔｏ ｔｈｉｒｄ ｐａｒｔｉｅｓ, ｐｒｅｐａｒｅ ｙｏｕｒ ｔａｘ ｒｅｔｕｒｎｓ, ｓａｔｉｓｆｙ ａｎｙ ｏｔｈｅｒ ｒｅｇｕｌａｔｏｒｙ ｒｅｐｏｒｔｉｎｇ ｒｅｑｕｉｒｅｍｅｎｔｓ ｔｈａｔ ｍａｙ ａｐｐｌｙ, ａｎｄ ｂｅ ａｂｌｅ ｔｏ ａｄｅｑｕａｔｅｌｙ ｃｏｎｔｒｏｌ ａｎｄ ｍａｎａｇｅ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ｏｐｅｒａｔｉｏｎｓ. Ｔｈｅ Ｃｈａｒｔ ｏｆ Ａｃｃｏｕｎｔｓ ａｓ ａ Ｆｕｎｃｔｉｏｎ ｏｆ Ｙｏｕｒ Ｂｕｓｉｎｅｓｓ Ｔｈｅｒｅ ａｒｅ ｃｅｒｔａｉｎ ｇｕｉｄｅｌｉｎｅｓ ｔｈａｔ ｃａｎ ｂｅ ｆｏｌｌｏｗｅｄ ｉｎ ｓｅｔｔｉｎｇ ｕｐ ｙｏｕｒ ｃｈａｒｔ ｏｆ ａｃｃｏｕｎｔｓ, ｗｈｉｃｈ ｇｅｎｅｒａｌｌｙ ｃｏｒｒｅｓｐｏｎｄ ｔｏ ｓｔａｎｄａｒｄ ｆｏｒｍａｔｓ ｆｏｒ ｔｈｅ ｂａｌａｎｃｅ ｓｈｅｅｔ ａｎｄ ｉｎｃｏｍｅ ｓｔａｔｅｍｅｎｔ. Ｂｕｔ ｅｖｅｒｙ ｂｕｓｉｎｅｓｓ ｉｓ ｕｎｉｑｕｅ ａｎｄ ｅａｃｈ ｂｕｓｉｎｅｓｓ ｏｗｎｅｒ ｈａｓ ｈｉｓ ｏｒ ｈｅｒ ｏｗｎ ｐｒｅｆｅｒｅｎｃｅｓ ｒｅｇａｒｄｉｎｇ ｈｏｗ ｔｈｅ ｂｕｓｉｎｅｓｓ'ｓ ｆｉｎａｎｃｉａｌ ｉｎｆｏｒｍａｔｉｏｎ ｓｈｏｕｌｄ ｂｅ ｍａｎａｇｅｄ. Ａ ｖｅｒｙ ｇｅｎｅｒａｌｉｚｅｄ ｃｈａｒｔ ｏｆ ａｃｃｏｕｎｔｓ, ｗｉｔｈ ｏｎｌｙ ｂｒｏａｄ ｃａｔｅｇｏｒｉｅｓ ｏｆ ａｃｃｏｕｎｔｓ, ｃａｎ ｆａｃｉｌｉｔａｔｅ ｂｏｏｋｋｅｅｐｉｎｇ, ｂｕｔ ｉｔ ｗｉｌｌ ｎｏｔ ｇｉｖｅ ｙｏｕ ｍｕｃｈ ｉｎ ｔｅｒｍｓ ｏｆ ａｎａｌｙｔｉｃａｌ ｃａｐａｃｉｔｙ. Ｏｎ ｔｈｅ ｏｔｈｅｒ ｈａｎｄ, ａ ｖｅｒｙ ｃｏｍｐｌｅｘ ｃｈａｒｔ ｏｆ ａｃｃｏｕｎｔｓ ｃａｎ ｍａｋｅ ｆｏｒ ｃｕｍｂｅｒｓｏｍｅ ｂｏｏｋｋｅｅｐｉｎｇ, ｗｉｔｈ ａ ｔｅｎｄｅｎｃｙ ｔｏ ｍｉｓｃｌａｓｓｉｆｙ ｔｒａｎｓａｃｔｉｏｎｓ ｏｒ ｍａｋｅ ｅｒｒｏｒｓ. Ｉｎ ｇｅｎｅｒａｌ, ｙｏｕｒ ｃｈａｒｔ ｏｆ ａｃｃｏｕｎｔｓ ｓｈｏｕｌｄ ｐｒｏｖｉｄｅ ｙｏｕ ａ ｔｏｏｌ ｔｏ ｍｅｅｔ ｙｏｕｒ ｒｅｇｕｌａｔｏｒｙ ａｎｄ ｔａｘ ｏｂｌｉｇａｔｉｏｎｓ, ｉｓｓｕｅ ｔｈｅ ｆｉｎａｎｃｉａｌ ｒｅｐｏｒｔｓ ｙｏｕ ｎｅｅｄ, ａｎｄ ａｄｅｑｕａｔｅｌｙ ｐｌａｎ, ｍａｎａｇｅ, ａｎｄ ｃｏｎｔｒｏｌ ｙｏｕｒ ｂｕｓｉｎｅｓｓ. Ｌｅｖｅｌ ｏｆ Ｄｅｔａｉｌ ｉｎ Ｙｏｕｒ Ｃｈａｒｔ ｏｆ Ａｃｃｏｕｎｔｓ Ｔｈｅ ｃｈａｒｔ ｏｆ ａｃｃｏｕｎｔｓ ｓｈｏｕｌｄ ｂｅ ｂｒｏｋｅｎ ｄｏｗｎ ｉｎｔｏ ｔｈｅ ｌｅｖｅｌ ｏｆ ｄｅｔａｉｌ ｙｏｕ ａｒｅ ｃａｐａｂｌｅ ｏｆ, ａｎｄ ｉｎｔｅｒｅｓｔｅｄ ｉｎ ｍａｎａｇｉｎｇ. Ｆｏｒ ｅｘａｍｐｌｅ, ｉｆ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ｈａｓ ｍｏｒｅ ｔｈａｎ ｏｎｅ ｂａｎｋ ａｃｃｏｕｎｔ, ｙｏｕ ｓｈｏｕｌｄ ｈａｖｅ ａ ｓｅｐａｒａｔｅ ａｃｃｏｕｎｔ ｏｎ ｙｏｕｒ ｂｏｏｋｓ ｆｏｒ ｅａｃｈ ａｃｃｏｕｎｔ, ｉｎ ｏｒｄｅｒ ｔｏ ｒｅｃｏｎｃｉｌｅ ｙｏｕｒ ｂａｎｋ ｓｔａｔｅｍｅｎｔｓ. Ｉｔ ｍａｙ ｂｅ ｎｅｃｅｓｓａｒｙ ｔｏ ｈａｖｅ ｓｅｐａｒａｔｅ ａｃｃｏｕｎｔｓ ｆｏｒ ｄｉｆｆｅｒｅｎｔ ｃｌａｓｓｅｓ ｏｆ ｉｎｖｅｎｔｏｒｉｅｓ ｏｒ ｆｏｒ ｉｎｖｅｎｔｏｒｉｅｓ ｉｎ ｄｉｆｆｅｒｅｎｔ ｌｏｃａｔｉｏｎｓ. Ｉｆ ｙｏｕ ｕｓｅ ｖａｒｉｏｕｓ ｔｙｐｅｓ ｏｆ ｅｑｕｉｐｍｅｎｔ ｉｎ ｙｏｕｒ ｂｕｓｉｎｅｓｓ, ｙｏｕ ｍａｙ ｎｅｅｄ ｔｏ ｓｅｔ ｕｐ ｓｅｐａｒａｔｅ ａｃｃｏｕｎｔｓ ｆｏｒ ｅａｃｈ ｃｌａｓｓ ｏｆ ｅｑｕｉｐｍｅｎｔ. Ｅｘｐｅｎｓｅ ａｃｃｏｕｎｔｓ ｓｈｏｕｌｄ ｂｅ ｓｅｔ ｕｐ ａｔ ｔｈｅ ｌｅｖｅｌ ｏｆ ｄｅｔａｉｌ ｙｏｕ ｗａｎｔ ｔｏ ａｎａｌｙｚｅ ａｎｄ ｃｏｎｔｒｏｌ. Ｔｈｉｓ ｃｏｕｌｄ ｂｅ ｂａｓｅｄ ｏｎ ｔｈｅ ｂｕｄｇｅｔ ｙｏｕ ｐｒｅｐａｒｅｄ ｆｏｒ ｙｏｕｒ ｂｕｓｉｎｅｓｓ. Ｃｏｄｉｎｇ ｔｈｅ Ｃｈａｒｔ ｏｆ Ａｃｃｏｕｎｔｓ Ｇｅｎｅｒａｌｌｙ, ｃｏｄｅｓ ａｒｅ ａｓｓｉｇｎｅｄ ｉｎ ａｃｃｏｕｎｔｉｎｇ ｓｏｆｔｗａｒｅ ｔｏ ｉｄｅｎｔｉｆｙ ｔｈｅ ａｃｃｏｕｎｔｓ. Ｔｈｅ ｓｔｒｕｃｔｕｒｅ ｆｏｒ ａｓｓｉｇｎｉｎｇ ａｃｃｏｕｎｔ ｎｕｍｂｅｒｓ ｍａｙ ｂｅ ｐｒｅ-ｅｓｔａｂｌｉｓｈｅｄ ｉｎ ｔｈｅ ｓｏｆｔｗａｒｅ, ｏｒ ｙｏｕ ｍａｙ ｎｅｅｄ ｔｏ ａｓｓｉｇｎ ｔｈｅ ｎｕｍｂｅｒｓ ｙｏｕｒｓｅｌｆ. Ｙｏｕ ｃａｎ ｕｓｅ ｒａｎｇｅｓ ｏｆ ｎｕｍｂｅｒｓ ｔｏ ｄｅｆｉｎｅ ｔｈｅ ｐｒｉｎｃｉｐａｌ ｃａｔｅｇｏｒｉｅｓ ａｎｄ ｓｕｂｃａｔｅｇｏｒｉｅｓ ｏｆ ａｃｃｏｕｎｔｓ, ｗｉｔｈ ｉｎｄｉｖｉｄｕａｌ ｎｕｍｂｅｒｓ ａｓｓｉｇｎｅｄ ｔｏ ｅａｃｈ ａｃｃｏｕｎｔ ｗｉｔｈｉｎ ｔｈｅ ｒａｎｇｅ. Ｈｅｒｅ ｉｔ'ｓ ｉｍｐｏｒｔａｎｔ ｔｏ ｈａｖｅ ａ ｌｏｇｉｃａｌ ｓｅｑｕｅｎｃｅ ｆｏｒ ａｓｓｉｇｎｉｎｇ ａｃｃｏｕｎｔ ｃｏｄｅｓ ｔｈａｔ ｉｓ ｓｕｆｆｉｃｉｅｎｔｌｙ ｂｒｏａｄ ａｎｄ ｆｌｅｘｉｂｌｅ ｔｏ ｂｅ ａｂｌｅ ｔｏ ａｄｄ ａｃｃｏｕｎｔｓ ａｓ ｎｅｅｄｅｄ, ｔｏ ａｃｃｏｍｍｏｄａｔｅ ｔｈｅ ｃｏｎｔｉｎｕｉｎｇ ｎｅｅｄｓ ｏｆ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ａｓ ｉｔ ｅｖｏｌｖｅｓ ａｎｄ ｇｒｏｗｓ. Ｆｉｎａｎｃｉａｌ Ｓｔａｔｅｍｅｎｔｓ ｆｒｏｍ Ｙｏｕｒ Ａｃｃｏｕｎｔｉｎｇ Ｓｙｓｔｅｍ Ｔｈｅ ｏｂｊｅｃｔｉｖｅ ｏｆ ｔｈｅ ａｃｃｏｕｎｔｉｎｇ ｓｙｓｔｅｍ ｉｓ ｔｏ ｂｅ ａｂｌｅ ｔｏ ｐｒｏｄｕｃｅ ｆｉｎａｎｃｉａｌ ｉｎｆｏｒｍａｔｉｏｎ ｔｈａｔ ｉｓ ｕｓｅｆｕｌ ｔｏ ｙｏｕ ｉｎ ｍａｎａｇｉｎｇ ｔｈｅ ｂｕｓｉｎｅｓｓ ａｎｄ ｔｈａｔ ｅｎａｂｌｅｓ ｙｏｕ ｔｏ ｇｅｎｅｒａｔｅ ｆｉｎａｎｃｉａｌ ｓｔａｔｅｍｅｎｔｓ ｔｈａｔ ｓｈｏｗ ｔｈｅ ｓｔａｔｕｓ ｏｆ ｔｈｅ ｂｕｓｉｎｅｓｓ ａｎｄ ｔｈｅ ｒｅｓｕｌｔｓ ｏｆ ｉｔｓ ｏｐｅｒａｔｉｏｎｓ. Ａｌｌ ａｃｃｏｕｎｔｉｎｇ ｓｙｓｔｅｍｓ ｓｈｏｕｌｄ ｂｅ ａｂｌｅ ｔｏ ｇｅｎｅｒａｔｅ ａｔ ｌｅａｓｔ ｔｈｅ ｔｈｒｅｅ ｐｒｉｎｃｉｐａｌ ｆｉｎａｎｃｉａｌ ｓｔａｔｅｍｅｎｔｓ, ｗｈｉｃｈ ａｒｅ ｔｈｅ ｂａｌａｎｃｅ ｓｈｅｅｔ, ｔｈｅ ｉｎｃｏｍｅ ｓｔａｔｅｍｅｎｔ, ａｎｄ ｔｈｅ ｃａｓｈ ｆｌｏｗ ｓｔａｔｅｍｅｎｔ. Ｔｈｅｓｅ ａｒｅ ｔｈｅ ｂａｓｉｃ ｆｉｎａｎｃｉａｌ ｓｔａｔｅｍｅｎｔｓ ｔｈａｔ ｗｏｕｌｄ ｂｅ ｐｒｅｓｅｎｔｅｄ ｔｏ ｉｎｔｅｒｅｓｔｅｄ ｔｈｉｒｄ ｐａｒｔｉｅｓ ｓｕｃｈ ａｓ ｌｅｎｄｅｒｓ, ｉｎｖｅｓｔｏｒｓ, ｓｕｐｐｌｉｅｒｓ, ａｎｄ ｐｏｓｓｉｂｌｙ ｒｅｇｕｌａｔｏｒｙ ｏｒ ｔａｘ ａｇｅｎｃｉｅｓ. Ａｎｄ ｉｆ ｙｏｕ ｎｅｅｄ ｔｏ ｈａｖｅ ａｎ ａｕｄｉｔ ｏｆ ｙｏｕｒ ｃｏｍｐａｎｙ, ｔｈｅ ａｕｄｉｔ ｏｐｉｎｉｏｎ ｗｏｕｌｄ ｂｅ ｂａｓｅｄ ｏｎ ｔｈｅｓｅ ｆｉｎａｎｃｉａｌ ｓｔａｔｅｍｅｎｔｓ. Ｂａｌａｎｃｅ Ｓｈｅｅｔ Ｅｌ ｂａｌａｎｃｅ ｇｅｎｅｒａｌ, ａｌｓｏ ｋｎｏｗｎ ａｓ ｔｈｅ ｓｔａｔｅｍｅｎｔ ｏｆ ｆｉｎａｎｃｉａｌ ｐｏｓｉｔｉｏｎ, ｉｓ ｂａｓｉｃａｌｌｙ ａ ｓｎａｐｓｈｏｔ ｏｆ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ａｔ ｓｏｍｅ ｇｉｖｅｎ ｍｏｍｅｎｔ, ｔｙｐｉｃａｌｌｙ ｔｈｅ ｅｎｄ ｏｆ ｔｈｅ ｍｏｎｔｈ ｏｒ ｙｅａｒ. Ｉｔ ｓｈｏｗｓ ｙｏｕｒ ａｓｓｅｔｓ, ｌｉａｂｉｌｉｔｉｅｓ, ａｎｄ ｃａｐｉｔａｌ ｏｒ ｅｑｕｉｔｙ. Ａｓｓｅｔｓ ｉｎｃｌｕｄｅ ｅｖｅｒｙｔｈｉｎｇ ｙｏｕ ｏｗｎ ｉｎ ｙｏｕｒ ｂｕｓｉｎｅｓｓ, ｓｕｃｈ ａｓ ｃａｓｈ, ａｃｃｏｕｎｔｓ ｒｅｃｅｉｖａｂｌｅ, ｉｎｖｅｎｔｏｒｉｅｓ, ａｎｄ ｐｒｏｐｅｒｔｙ, ｐｌａｎｔ ａｎｄ ｅｑｕｉｐｍｅｎｔ. Ｌｉａｂｉｌｉｔｉｅｓ ｉｎｃｌｕｄｅ ｗｈａｔ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ｏｗｅｓ, ｓｕｃｈ ａｓ ａｃｃｏｕｎｔｓ ｐａｙａｂｌｅ, ｌｏａｎｓ, ａｎｄ ｏｔｈｅｒ ｄｅｂｔ. Ｔｈｅ ｃａｐｉｔａｌ ｏｒ ｅｑｕｉｔｙ ｓｅｃｔｉｏｎ ｒｅｐｒｅｓｅｎｔｓ ｗｈａｔ ｙｏｕ ｈａｖｅ ｉｎｖｅｓｔｅｄ ｉｎ ｔｈｅ ｂｕｓｉｎｅｓｓ. Ｉｔ ｉｎｃｌｕｄｅｓ ｃａｐｉｔａｌ ｃｏｎｔｒｉｂｕｔｉｏｎｓ, ｉｎ ｔｈｅ ｃａｓｅ ｏｆ ａ ｓｏｌｅ ｐｒｏｐｒｉｅｔｏｒｓｈｉｐ ｏｒ ｐａｒｔｎｅｒｓｈｉｐ, ａｎｄ ｃａｐｉｔａｌ ｉｓｓｕｅｄ ｉｎ ｔｈｅ ｆｏｒｍ ｏｆ ｓｈａｒｅｓ ｏｆ ｓｔｏｃｋ ｉｎ ｔｈｅ ｃａｓｅ ｏｆ ａ ｃｏｒｐｏｒａｔｉｏｎ. Ｅｑｕｉｔｙ ａｌｓｏ ｉｎｃｌｕｄｅｓ ａｃｃｕｍｕｌａｔｅｄ ｅａｒｎｉｎｇｓ ｆｒｏｍ ｐｒｉｏｒ ｐｅｒｉｏｄｓ ａｎｄ ｔｈｅ ｎｅｔ ｉｎｃｏｍｅ ｏｒ ｌｏｓｓ ｆｏｒ ｔｈｅ ｃｕｒｒｅｎｔ ｐｅｒｉｏｄ. Ｉｎｃｏｍｅ Ｓｔａｔｅｍｅｎｔ Ｔｈｅ ｉｎｃｏｍｅ ｓｔａｔｅｍｅｎｔ, ａｌｓｏ ｋｎｏｗｎ ａｓ ｔｈｅ ｐｒｏｆｉｔ ａｎｄ ｌｏｓｓ ｓｔａｔｅｍｅｎｔ, ｉｓ ａ ｓｕｍｍａｒｙ ｏｆ ｔｈｅ ｆｉｎａｎｃｉａｌ ｒｅｓｕｌｔｓ ａｃｈｉｅｖｅｄ ｂｙ ｔｈｅ ｂｕｓｉｎｅｓｓ ｆｏｒ ｔｈｅ ｐｅｒｉｏｄ. Ｔｈｅ ｐｅｒｉｏｄ ｃｏｕｌｄ ｂｅ ａ ｍｏｎｔｈ, ｑｕａｒｔｅｒ, ｙｅａｒ, ｏｒ ａｎｙ ｏｔｈｅｒ ｐｅｒｉｏｄ ｄｅｆｉｎｅｄ. Ｔｈｅ ｉｎｃｏｍｅ ｓｔａｔｅｍｅｎｔ ｓｈｏｗｓ ｙｏｕｒ ｒｅｖｅｎｕｅｓ (ｓａｌｅｓ, ｆｅｅｓ, ｃｏｍｍｉｓｓｉｏｎｓ), ｙｏｕｒ ｃｏｓｔ ｏｆ ｐｒｏｄｕｃｉｎｇ ｔｈｏｓｅ ｒｅｖｅｎｕｅｓ (ｃｏｓｔ ｏｆ ｓａｌｅｓ), ａｎｄ ｙｏｕｒ ｏｐｅｒａｔｉｎｇ ａｎｄ ｏｔｈｅｒ ｅｘｐｅｎｓｅｓ, ｉｎｃｌｕｄｉｎｇ ｉｎｃｏｍｅ ｔａｘ. Ｔｈｅ ｉｎｃｏｍｅ ｓｔａｔｅｍｅｎｔ ｅｎｄｓ ｗｉｔｈ ｔｈｅ ｎｅｔ ｒｅｓｕｌｔ, ｗｈｉｃｈ ｉｓ ｙｏｕｒ ｐｒｏｆｉｔ ｏｒ ｌｏｓｓ ｆｏｒ ｔｈｅ ｐｅｒｉｏｄ. Ｓｔａｔｅｍｅｎｔ ｏｆ Ｃａｓｈ Ｆｌｏｗｓ Ｔｈｅ ｓｔａｔｅｍｅｎｔ ｏｆ ｃａｓｈ ｆｌｏｗｓ ｓｈｏｗｓ ｙｏｕｒ ｓｏｕｒｃｅｓ ａｎｄ ｕｓｅｓ ｏｆ ｃａｓｈ; ｔｈａｔ ｉｓ, ｗｈｅｒｅ ｙｏｕｒ ｃａｓｈ ｃａｍｅ ｆｒｏｍ ａｎｄ ｈｏｗ ｉｔ ｗａｓ ｓｐｅｎｔ ｄｕｒｉｎｇ ａ ｃｅｒｔａｉｎ ｐｅｒｉｏｄ. Ｄｉｆｆｅｒｅｎｔ ｆｏｒｍａｔｓ ｃａｎ ｂｅ ｕｓｅｄ ｆｏｒ ｔｈｅ ｓｔａｔｅｍｅｎｔ ｏｆ ｃａｓｈ ｆｌｏｗｓ, ｄｅｐｅｎｄｉｎｇ ｏｎ ｙｏｕｒ ｂｕｓｉｎｅｓｓ ａｎｄ ｔｈｅ ｔｙｐｅ ｏｆ ｉｎｆｏｒｍａｔｉｏｎ ｙｏｕ ｎｅｅｄ. Ｏｎｅ ｏｆ ｔｈｅ ｓｔａｎｄａｒｄ ｆｏｒｍａｔｓ ｇｅｎｅｒａｌｌｙ ａｃｃｅｐｔｅｄ ｆｏｒ ｔｈｅ ｃａｓｈ ｆｌｏｗ ｓｔａｔｅｍｅｎｔ ｉｎｖｏｌｖｅｓ ｓｅｐａｒａｔｉｎｇ ｓｏｕｒｃｅｓ ａｎｄ ｕｓｅｓ ｏｆ ｃａｓｈ ｉｎ ｔｈｒｅｅ ｄｉｆｆｅｒｅｎｔ ｇｒｏｕｐｓ ｏｆ ａｃｔｉｖｉｔｉｅｓ: ｃａｓｈ ｆｌｏｗｓ ｆｒｏｍ ｏｐｅｒａｔｉｎｇ ａｃｔｉｖｉｔｉｅｓ, ｃａｓｈ ｆｌｏｗｓ ｆｒｏｍ ｉｎｖｅｓｔｉｎｇ ａｃｔｉｖｉｔｉｅｓ, ａｎｄ ｃａｓｈ ｆｌｏｗｓ ｆｒｏｍ ｆｉｎａｎｃｉｎｇ ａｃｔｉｖｉｔｉｅｓ. Ｔｈｅ ｓｔａｔｅｍｅｎｔ ｏｆ ｃａｓｈ ｆｌｏｗｓ ｓｔａｒｔｓ ｗｉｔｈ ｔｈｅ ｂａｌａｎｃｅ ｏｆ ｃａｓｈ ｉｎ ｔｈｅ ｂｕｓｉｎｅｓｓ ａｔ ｔｈｅ ｂｅｇｉｎｎｉｎｇ ｏｆ ｔｈｅ ｐｅｒｉｏｄ, ｓｈｏｗｓ ｔｈｅ ｃａｓｈ ｒｅｃｅｉｖｅｄ ａｎｄ ｓｐｅｎｔ ｄｕｒｉｎｇ ｔｈｅ ｐｅｒｉｏｄ, ｃｌａｓｓｉｆｉｅｄ ａｃｃｏｒｄｉｎｇ ｔｏ ｔｈｅ ａｂｏｖｅ-ｍｅｎｔｉｏｎｅｄ ｃａｔｅｇｏｒｉｅｓ, ｗｈｉｃｈ ａｒｅ ｓｕｍｍａｒｉｚｅｄ ａｓ ｔｈｅ ｎｅｔ ｉｎｃｒｅａｓｅ ｏｒ ｄｅｃｒｅａｓｅ ｉｎ ｃａｓｈ ｆｏｒ ｔｈｅ ｐｅｒｉｏｄ, ａｎｄ ｅｎｄｓ ｗｉｔｈ ｔｈｅ ｂａｌａｎｃｅ ｏｆ ｃａｓｈ ａｔ ｔｈｅ ｅｎｄ ｏｆ ｔｈｅ ｐｅｒｉｏｄ ｂｅｉｎｇ ｒｅｐｏｒｔｅｄ. Ｔｈｅｓｅ ｔｈｒｅｅ ｆｉｎａｎｃｉａｌ ｓｔａｔｅｍｅｎｔｓ ｆｏｒｍ ｔｈｅ ｂａｓｉｓ ｆｏｒ ｔｈｅ ｆｉｎａｎｃｉａｌ ｒｅｐｏｒｔｉｎｇ ｇｅｎｅｒａｔｅｄ ｂｙ ｔｈｅ ａｃｃｏｕｎｔｉｎｇ ｓｙｓｔｅｍ ｙｏｕ ｉｍｐｌｅｍｅｎｔ ｆｏｒ ｙｏｕｒ ｂｕｓｉｎｅｓｓ, ａｎｄ ｃａｎ ｂｅ ｓｕｐｐｌｅｍｅｎｔｅｄ ｗｉｔｈ ａｄｄｉｔｉｏｎａｌ ｒｅｐｏｒｔｓ ａｓ ｎｅｃｅｓｓａｒｙ. |
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