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  • Overview of Commercial Accounting

    Business accounting is a system of collecting, processing, analyzing and providing financial information about the business activities of an enterprise. This is an important tool to help manage, operate and make effective business decisions.

    What is commercial accounting?

    • Recording and storage: Record fully and accurately all economic transactions that arise.
    • Asset control: Track, manage and protect business assets
    • Provide information:  Prepare financial reports for management and stakeholders
    • Compliance with the law: Ensure business compliance with accounting and tax regulations
    • Decision support: Provide data to analyze and evaluate business performance

    Characteristics of commercial accounting

    Inventory management

    Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

    Cost accounting

    Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

    Tracking debt

    Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

    Payment diversity

    Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

    Complex discounting

    Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

    Diversity Report

    Track the quantity and value of inventory in detail for each item and warehouse. Apply appropriate methods of calculating the cost of goods sold (FIFO, LIFO, average)

    MAN's commercial accounting services

    Goods accounting

    Comprehensive accounting services for all types of businesses
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    Accounts receivable accounting

    Comprehensive accounting services for all types of businesses
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    Revenue accounting

    Comprehensive accounting services for all types of businesses
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    Cost accounting

    Comprehensive accounting services for all types of businesses
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    Commercial VAT

    Comprehensive accounting services for all types of businesses
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    Commercial Accounting Process

    Import goods

    Record purchase invoices, allocate costs, update inventory

    Sell

    Invoice, record revenue, calculate cost of goods sold

    Income and expenditure

    Manage debt, collect customer payments, pay suppliers

    Report

    Record purchase invoices, allocate costs, update inventory

    Challenges in Commercial Accounting

    Complex inventory management

    Many items, many warehouses, continuous import and export of goods make inventory control difficult.

    Solution: Use warehouse management software with barcodes

    Bad debts

    Many items, many warehouses, continuous import and export of goods make inventory control difficult.

    Solution: Use warehouse management software with barcodes

    Constant price fluctuations

    Many items, many warehouses, continuous import and export of goods make inventory control difficult.

    Solution: Use warehouse management software with barcodes

    Multiple invoices and documents

    Many items, many warehouses, continuous import and export of goods make inventory control difficult.

    Solution: Use warehouse management software with barcodes

    Commercial Accounting Process

    • Overview of management accounting
    • Management tools and techniques
    • Dashboard and management reports

    Price: From 3 million/year

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    • Overview of management accounting
    • Management tools and techniques
    • Dashboard and management reports

    Price: From 5 million/year

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    • Overview of management accounting
    • Management tools and techniques
    • Dashboard and management reports

    Price: By project

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    Free Commercial Accounting Documents

    Download now useful documents for commercial accounting

    Get Started with Professional Commercial Accounting

    Let us advise the most suitable solution for your business