Accounting management must be complete and error-free in order to make financial arrangements of your business or company. Mistakes made can lead to big losses or penalties. That’s why you should be aware of the things you need to pay attention to, starting with the pre-accounting. If you ignore the steps that you need to pay attention to in the pre-accounting, which is the step to the general accounting, you run the risk of mismanaging the whole process and opening the door to big losses. In pre-accounting, the most important issue is to keep the invoices of all purchased and sold products. These invoices may be necessary for you in the following years. If the payments made and received are by check, EFT or cash, the payment must be documented. Likewise, documentation of damaged, defective or missing part products is one of the steps that should not be skipped in terms of accounting management.

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