How to start when the accountant takes over the accounts of the new company

1. Accounts to be set up by the new company:

1) Cash journal, generally enterprises only set up 1 cash journal. However, if there is a foreign currency, separate cash journals should be set up for the different currencies.

2) Bank deposit journal should generally be set up separately for each bank. If the enterprise only has a basic account, it will set up 1 bank deposit journal.

Staple books should be used for both cash journals and bank deposit journals. Depending on the business volume of the unit, you can choose to purchase 100 pages or 200 pages.

3) General ledger, general enterprises only have 1 general ledger. The form uses a stapled book, and you can choose to purchase 100 pages or 200 pages depending on the size of the unit business. This 1 general ledger contains an overview of all the accounts set up by the company.

4) Sub-ledger, sub-ledger in the form of loose-leaf. The detailed ledger of inventory should use the quantity and amount type of account page; The sub-ledgers of income, expenses, and costs should use multi-column account pages; The detailed bill for VAT payable has an account page; The rest of the books are basically all three-column pages. Therefore, enterprises need to purchase these four types of account pages separately, and the number of them still varies according to the business volume of the unit.

Enterprises with simple business and few can set up all the detailed accounts on one sub-ledger; Enterprises with a large number of businesses can divide assets, equity, and profit and loss into 3 sub-accounts according to their needs; It is also possible to set up a separate ...... for inventory and current accountsThere are no hard and fast rules here, and it is entirely set according to the needs of enterprise management.

2. Subjects involved.

You can refer to the accounting subjects and main accounting treatment in the selected accounting standards, and combine the needs of the company's management, and select the accounting accounts that should be set from the asset class, liability class, owner's equity class, cost class, and profit and loss class.

3. Precautions:

1.All start-up costs can be included in the long-term amortized costs - start-up costs;

2.The purchased air conditioner is directly included in the fixed assets, and the accumulated depreciation is accrued in the next month after it has been used.

3.Decoration costs should be analyzed on a case-by-case basis, some are assets, some are expenses, assets are included in the corresponding asset accounts, and expenses are also included in long-term amortized expenses - start-up costs;

4.The lease fee paid before the opening of the business is also included in the long-term amortized expenses - start-up costs;

5.The low value purchased in the previous period is included in the low value consumables.

Summary. First look at the other party's account balance sheet, then the reimbursement, and then the unfinished business.

What should I know when I take over a new company's financial accounting work?

First of all, it is necessary to be able to understand the three statements of income statement, cash flow statement and balance sheet in the balance sheet, which is the foundation. The balance sheet provides information on assets, liabilities and equity at a certain point in time, and the profit and loss performance cash flow reflects the amount incurred during the period. The advice here is not to focus on all the information, just to grasp the main point, and not just look at the numbers, but look at the things behind the numbers.

First look at the other party's account balance sheet, then the reimbursement, and then the unfinished business.

Hope mine is helpful to you.

Start by setting up the general ledger, subsidiary ledger, cash journal, and bank deposit journal. Then, the balances of the relevant accounts involved in the journal are carried forward to the officially set up ledger as opening balances. Then establish and improve various financial rules and regulations to provide necessary guidelines and basis for future financial accounting, accounting management and other related matters of the enterprise.

If the new company chooses to become a small-scale taxpayer, then it is better to choose to carry out the verification collection. Because the basic bills of small-scale taxpayers are incomplete and the accounts are incomplete, they cannot meet the tax requirements. However, if small-scale taxpayers are legal taxpayers, and each time they purchase materials, they can receive formal invoices issued by the other party.

Then, in this case, the new company can also choose to audit the collection. However, for general taxpayers, they all need to set up account books according to policy requirements. Therefore, the newly established general taxpayer enterprises should be set up in accordance with the relevant policy requirements at the beginning of the accounting work

Journals, general ledgers, sub-ledgers, etc.

Prepare financial and tax statements according to relevant account books. After completing the above work, the new company will make accounts in the first month, and it also needs to correctly prepare financial and tax statements according to the actual operation of the enterprise, so as to help the enterprise complete the relevant work of tax declaration on time and in a timely manner.