The first gear reason is that we take in to record business transactions. In fact, VAT invoice and documents are legal documents and they are utilise to report tax or to control payment. Doing story requires an controller to be good at using computer as he has to put in accounting data with an accounting program and use some accounting functions. All of figures and poem should be correctly journalized in accounts which are used to base periodic balance sheet.
To make decisions is the most important reason. The first reason is make by the board of management who need to decide bud take up and adjust payment. The second decision is made by investors who want to buy shares or invest their cash in any project of a corporation. With accounting culture, a company can do some business fortune telling so that they can have useful, right and punctual information to make further business decisions.
And finally, to do accounting is for fashioning tax settlement.
A company has to submit a monthly report on tax to a tax segment and prepare for qualification tax payment. They are liable for give income tax and certain taxes regulated by the government. They have to range in touch regularly with the local tax section to get mutual agreement on computing tax, making tax settlement and recording business transactions.
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