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How does an accounting system benefit a company?

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@amestyj
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Dear readers, in one of my previous articles I told you that I have started a small business on the sale of food products, although my profession is not the administration and accounting, it is clear that for our businesses to be profitable we must keep accounting, for that nowadays accounting systems are used which is nothing more than a detailed record of all the financial part of a company in order to determine if you get profit or loss.

It is important to mention that when we talk about accounting records we are referring to the company's books, sales and inventories. By means of these records it would be possible to obtain greater control over the company and in this way it could help to determine what kind of situation the company is in.

The accounting system is usually obtained through a system provider that offers this service. It should be noted that there are cases where the same person can do it through a great tool called Excel and there make all the relevant records, thus carrying in detail all the accounting processes that are needed, as is the case of my business, since my wife @pinedaocl made in an Excel format some necessary accounting records.

It can be said that an accounting system is a structure where all the operations performed by a company are carried out with the purpose of keeping a real record and a better control of its financial activities and in this way could favor the decision making process. One of the benefits from my perspective that companies have that keep records through an accounting system is that it can be a way to save time and money and can also reduce the margin of error that may have and thus achieve a real and effective information.

Therefore, in the event that any entity or company does not keep any of its accounting records and does not have the minimum knowledge regarding the financial situation of the company, it could at some point enter into crisis because there is no record of the operations carried out in it. That is why it is important that when you decide to start a company it is necessary to have supported everything that comes out and goes into it as it is a way to know the liquidity that may have the same.