The One Journey & Tours

Business Concepts,Business BasicEllison Travel & Excursions is dedicated to providing accessible customer service. A bookkeeper is responsible for identifying the accounts in which transactions should be recorded. For example, if the business makes a cash sale to a customer and your business uses double-entry bookkeeping, you would record the cash received in the asset account called Cash and the sale would be recorded in the revenue account called Sales. Here is another example of a bookkeeping entry for a cash sale. This one throws in another variable – what the bookkeeper has to do when sales tax is involved.

After you decide which concept to focus on, think about it broadly and deeply. Does it apply pretty well as given to your business? Or should my specific suggestions be substantially modified for your situation? Should you do more research and find more ideas in this area before you start making changes? Maybe the concept that you planned on focusing on instead becomes a taking-off point that gets discussion going and leads you and your management team to focus on still another area of your business that needs more attention.

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