Definition of commercial accounting - What it is, Meaning and Concept

The science and technique dedicated to producing and disseminating useful information for economic decision making is called accounting .Its development implies a study of the assets of the entities for the reflection of their results in accounting or financial studies, which provide the summary of an economic situation.

Commercial , meanwhile, is that belonging or related to the trade or to the merchants .Trade is known as the negotiation carried out to buy or sell something, to the store or commercial store and to the set of merchants.

commercial accounting , therefore, is the branch of accounting focused on the activities of a trade.Thanks to accounting, the trade manages to keep track of all its operations that can be quantified in terms of money .

The record of monetary income and expenses allows the trade to draw conclusions about its performance and plan its activities in the short, medium and long term.With commercial accounting, for example, it is It is possible to know what the monthly earnings of a store in the last year were and what capital is available to make investments.

All businesses develop, in some way, commercial accounting.Those who mobilize large amounts of money usually have a department or a specialist dedicated exclusively to accounting studies.Small businesses, instead, they can dispense with an accountant since the owner performs the basic tasks of the field, such as recording the expenses for the purchase of merchandise and the sales made.

Options for keeping business accounting

At the time of computerizing the accounting of a company, a step that is difficult to avoid at present, there are three fundamental ways: to elaborate a series of tables in a spreadsheet that reflect the activity that until then we have done to hand on paper; buy one of the many programs developed specifically for the commercial accounting of small and medium enterprises; hire a programmer to create an application tailored to our needs.

The first option is undoubtedly the most economical of the three, especially considering that there are several ideal free products for this purpose, such as the OpenOffice and LibreOffice office automation packages, both with their calculation sheets of the same name, «Calc».However, despite being the path that requires less money, making our own tables can be too demanding for those who do not have enough knowledge of computer science, or the intuition to acquire them.

It is in these cases that hiring a developer may be more appropriate, although this does not guarantee success either, since it is important to give you a very clear and specific design of the program we need, since we cannot expect you to have knowledge of Commercial accounting.This clarification is very important: if we cannot elaborate a detailed scheme of all the functions that we hope to use for our work, It is preferable to opt for specific products, which are many and have already been tested by thousands of users.

Some of the best known programs for keeping business accounting with the following:

* Managerial Analyzer: offers the necessary tools to analyze the economic and financial aspects of a company.Some of them are detailed graphs of profitability and balance sheets, and their compatibility with Excel, which allows you to import and export files;

* Contasol: it stands out for its simple interface and advanced tools, which make it a very versatile and easy-to-use program.It should be mentioned that it is free and offers the possibility of managing more than one business at a time;

* DivaCon: it is ideal for the administration of small and medium-sized companies.Among the many functions that it includes are the management of VAT movements, the line items and the maturity portfolio.