Bookkeeping and general accounts
Every commercial or non-commercial (non-profit establishment) needs a reliable book-keeping system based on the accounting principles and standards adopted in the country in which the establishment carries out its activities.
The term accounting bookkeeping refers to a set of indispensable sub-activities emanating from accounting activity in general. It aims in its entirety at the process of collecting, organizing, storing and making available the database of financial information records of the entity, which is necessary for two basic purposes:
- Facilitate and enable the daily operations of the facility.
- Preparing lists, financial and tax reports, and internal administrative reports.
Bookkeeping (which is also called record keeping) is the infrastructure for the financial information base of the enterprise, and this structure and the base, respectively, should be complete and accurate.
Examples of this
- Fixed assets accounts and depreciation.
- Revenue and customer accounts and notes receivable.
- Purchases, stores and costs accounts.
- Supplier accounts and notes payable.
- Government liabilities accounts such as taxes of all kinds and social security.
- Where TRAAC has a team of professionally qualified accountants with experience and professional competence in performing accounting tasks and bookkeeping, we at TRAAC use the best accounting software to record financial transactions.
- Also, at TRAAC, we prepare an accounting system that is compatible with the client's activity and in accordance with the Egyptian accounting standards and the unified accounting system, and we set up control procedures for each cycle of the organization's activities.
