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The Essentials of Book Keeping

 
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Book Keeping ia a serious process and must be handled with focussed efforts.

 

 

Book Keeping a Nightmare

 

"Book keeping an essential form of art is the one with no pre-requisite"- Lewis Caroll.

Book keeping as a night mare had become the potential problem of big concerns in general and small concerns in general and small concerns at certain occasions.

The plutonic topics, even as initiated from a precarious data collection to the most Herculean one like accounting formats require a methodic book keeping. A properly analyzed and arranged book keeping serves to reduce the trickle-time endeavors of a business man. Though book keeping is a skilful tantra that provides the abundant topics in a capsule it has its own drawbacks. It might become a nightmare and would tend to mislead the enterprise if he turns a careless eye even to a little flaw.

 

To illustrate he might have placed a book on sundry expenses and miscellaneous expenditure in one format. But on the preface he might wake a mistake by accounting it as a revenue one. This might jeopardize his whole act of previous excels and the much toiled preparations. He could easily resort to card-keeping that would help juvenile businessman in his initial endeavors. But book keeping as a night mare creeps in this aspect also wherein a careless misplaced card could lead to varied complications. To avoid these setbacks and to transform the sensation of nightmare to that of a pleasant dream one should resort to be sharp and watchful.

It is a way businessman who always makes trivial mistakes that might pane way for more sober ones. Book keeping is a nightmare only to such a man. A brisk and energetic business man always gets his share of cheese if he properly stick to his side of discipline, that is to ensure he keeps a strict watch over the proper arrangement of the topics one need not be an excellent nook keeper in the strict sense but he should have a basic and the required knowledge that would enable him to verify the arranged topics would enable him to verify the arranged topics and most significantly to make a weekly or quarterly survey of the topics in the Jargon.

Contributing Author: Aravind Kumar is an executive at Integra Global Solutions Corp, a company which leads in Bookkeeping and Medical Transcription for the past 6 years and has its business spread across 3 continents with a client base of more than 1000 small and large companies in USA, UK, Australia and India. Email: webmaster@intnlcommerce.com

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