Accounting reporting is an enterprise management tool

Any individual entrepreneur, any organization, whether it is an LLC, an open joint-stock company, or a company, certainly faces such a concept as "accounting statements". And its provision is necessary under any taxation system and regardless of whether there is a profit or not. What does accounting accounting include and what is it for? To an inexperienced person, such words are aroused by fear. But in fact it is a structured information about the financial position of the company. It includes information about the movement of assets, profits, losses of the enterprise, the availability of obligations. Documents are compiled for a certain reporting period (month, quarter, half year, year). Accounting reporting is mandatory provided to state bodies (tax inspection, FSS, Pension Fund), some employees of the enterprise, investors, counterparties. It is necessary for the reasoned adoption of economic decisions, determining the direction of the company's development, analyzing the effectiveness of its activities.

In many ways, the specific types of reporting depend on the form of the enterprise's activities, on the taxation system. So, the basic unified forms are the following: "Balance sheet" and its appendix, "Cash flow statement", "Statement of changes in equity" and "Income statement". In addition to these documents, there are a number of other, no less labor-intensive and voluminous ones. However, it is worth noting that such forms are mandatory for those individual entrepreneurs and organizations that work under the general taxation system (OSHO). There are also a number of preferential systems, such as USN (Simplified Taxation System), ECT (Unified Agricultural Tax) or Unified Tax on Imputed Income (UTII). For enterprises that enjoy similar benefits, the accounting reporting required for government agencies is significantly reduced, it is limited to only 2-3 documents for the reporting period. This concerns the forms established by the state. But the management of a particular company may require the accounting department to compile additional reports for more efficient management of the enterprise.

The opinion of many beginning entrepreneurs is erroneous, that if the activities of their company are not carried out, they are spared from registration and delivery of accounts. This is far from the case. In such cases, enterprises are provided with zero accounting records.

Quite natural is the irritation of directors and company accountants about the huge queues in the tax inspection or, for example, in the Pension Fund. It will be necessary to lose a lot of time, energy and nerves, before you get to the reception to the inspector. Significantly simplifies the life of electronic financial statements. Virtually all forms in all government bodies can be handled via the Internet. To do this, you need to purchase specialized software or contact the services of an intermediary company. It is worth noting that when sending documents, an electronic-digital signature is required, and the data transmission itself is performed via secure communication channels. This means that all information is under reliable protection.