Accounting
The role of the Accounting Department within a company is to gather information, which can be interpreted as the collection and recording of business events that occur in the operation of the company. It is important that events are recorded on the appropriate documents.
This section presents the registers relevant to accounting:
| Chart of accounts |
Accounts represent a form of an asset or its source to which a company records all changes caused by business events. The accounts that a company uses are determined by the Chart of Accounts, which is the most important accounting register. This chapter presents the description of the chart of accounts of Tecta as the fictional company and how to enter the chart of accounts into PANTHEON. |
| Fixed assets and small tools |
A fixed asset is an asset that a company owns or leases and uses in the production of goods or services. Small tools are broadly defined as tools, appliances and other equipment as well as separable packaging and similar items with a useful life of one year. This chapter presents a description of the fixed assets of Tecta together with two examples of how to enter fixed assets and small inventories in the register.
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| Cost center |
A cost center is a business effect that gives rise to costs and to which they must be related. A company enter its cost centers in the Cost centers register. This chapter presents the cost centers at Tecta and an example of how to enter a new cost center. |
| Tax types |
Tax types are used to correctly calculate and post the VAT. They are used to distinguish between different types of transactions and, on the invoices issued and received, as a criterion for displaying information on the tax rates or exemptions applied. This chapter presents a description of the tax types at Tecta.
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