Accounting - how it works
Accounting plays a vital role in running a company, and refers to the systematic and detailed recording of financial transactions of a business. On this page, we go through how accounting works and how you can get an overview of your company's finances.
Accounts and charts of accounts
A bookkeeping account is an account where you register (post) a certain type of business event. All these accounts together make up your chart of accounts.
Annual accounts and annual report
Should your company draw up annual accounts or an annual report? Wether your company need to draw up annual accounts or an annual reports depends on the type of company and in some cases on the size of the business. Ffind more information about what applies to your company.