{"id":1318,"date":"2023-06-19T20:03:36","date_gmt":"2023-06-19T20:03:36","guid":{"rendered":"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/?page_id=1318"},"modified":"2023-06-21T16:39:21","modified_gmt":"2023-06-21T16:39:21","slug":"the-importance-of-accounting-records-in-companies","status":"publish","type":"page","link":"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/the-importance-of-accounting-records-in-companies\/","title":{"rendered":"The importance of accounting records in companies"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1318\" class=\"elementor elementor-1318\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-32757e3d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"32757e3d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1105ae09\" data-id=\"1105ae09\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9e8c06a elementor-widget elementor-widget-text-editor\" data-id=\"9e8c06a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.3 - 29-08-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<!-- wp:image {\"id\":1319,\"width\":907,\"height\":510,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/fggfgfg.png\" alt=\"\" class=\"wp-image-1319\" width=\"907\" height=\"510\" srcset=\"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/fggfgfg.png 752w, https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/fggfgfg-300x169.png 300w\" sizes=\"auto, (max-width: 907px) 100vw, 907px\" \/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">Accounting is a fundamental tool for companies since it allows for recording, classifying, interpreting and presenting financial information orderly and systematic. The accounting record is essential because it enables companies to control their financial transactions precisely, which helps them make strategic decisions based on reliable and timely information.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:video {\"id\":1406} -->\n<figure class=\"wp-block-video\"><video controls src=\"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/Copia-de-Blanco-Detalles-de-Inmueble-en-Renta-Anuncio-Inmobiliaria-Video-de-1693.mp4\"><\/video><\/figure>\n<!-- \/wp:video -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">Next, we explain some of the reasons why accounting record is essential for companies:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":1320,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377504570-1024x576.png\" alt=\"\" class=\"wp-image-1320\" srcset=\"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377504570-1024x576.png 1024w, https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377504570-300x169.png 300w, https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377504570-768x432.png 768w, https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377504570.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>&nbsp;&nbsp;<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">&nbsp;<strong>Legal Compliance:<\/strong>&nbsp;Businesses are required by law to keep accurate and complete accounting records of their financial transactions. It&#8217;s essential to ensure transparency and accountability to tax authorities and investors.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":1321,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377443008-1024x576.png\" alt=\"\" class=\"wp-image-1321\" srcset=\"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377443008-1024x576.png 1024w, https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377443008-300x169.png 300w, https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377443008-768x432.png 768w, https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377443008.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\"><strong>Decision making:<\/strong>&nbsp;The accounting record is essential for making strategic company decisions. By knowing the company&#8217;s financial situation, managers can make informed decisions about investments, financing, and acquisitions.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":1322,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377555871-1024x576.png\" alt=\"\" class=\"wp-image-1322\" srcset=\"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377555871-1024x576.png 1024w, https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377555871-300x169.png 300w, https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377555871-768x432.png 768w, https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-content\/uploads\/2023\/06\/1678377555871.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\"><br><strong>Problem Identification:<\/strong>&nbsp;Accounting allows businesses to identify financial problems early and take steps to fix them. For example, if the company is experiencing a decline in sales, the accounting record can help identify the cause and take steps to correct it.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/media.licdn.com\/dms\/image\/D5612AQGJbv9Xn0e5Og\/article-inline_image-shrink_1500_2232\/0\/1678377286525?e=1692835200&amp;v=beta&amp;t=jiVZVGXL8M-sGwdvAsOtDt8_IjQnqaj5M6jD7Ib7ank\" alt=\"No hay texto alternativo para esta imagen\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\">&nbsp;<br><strong>Performance evaluation:<\/strong>&nbsp;The accounting record allows companies to evaluate their financial performance over time. By comparing financial statements from different periods, managers can assess whether the company is growing, holding steady, or declining.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image -->\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/media.licdn.com\/dms\/image\/D5612AQHqLh-tDwo1jg\/article-inline_image-shrink_1500_2232\/0\/1678378077443?e=1692835200&amp;v=beta&amp;t=Xs2tP1Ndg_Fq7bmmz0-zRAl96yt0yyH73xDuWN2wjZA\" alt=\"No hay texto alternativo para esta imagen\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph {\"fontSize\":\"medium\"} -->\n<p class=\"has-medium-font-size\"><br>ORBE has a team of accounting experts who can help investors better understand a company&#8217;s financial situation. By reviewing a company&#8217;s accounting records, ORBE can assess its ability to generate profits, financial solvency, and ability to pay debts, among other factors. In addition, ORBE provides recommendations and advice to investors on interpreting a company&#8217;s financial statements and making informed decisions about their investments.<\/p>\n<!-- \/wp:paragraph -->\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0b80e51 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0b80e51\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-da8c036\" data-id=\"da8c036\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a84356b elementor-button-align-stretch 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class=\"elementor-button-text\">Send<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Accounting is a fundamental tool for companies since it allows for recording, classifying, interpreting and presenting financial information orderly and systematic. The accounting record is essential because it enables companies to control their financial transactions precisely, which helps them make strategic decisions based on reliable and timely information. Next, we explain some of the reasons &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/the-importance-of-accounting-records-in-companies\/\"> <span class=\"screen-reader-text\">The importance of accounting records in companies<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"class_list":["post-1318","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-json\/wp\/v2\/pages\/1318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-json\/wp\/v2\/comments?post=1318"}],"version-history":[{"count":5,"href":"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-json\/wp\/v2\/pages\/1318\/revisions"}],"predecessor-version":[{"id":1410,"href":"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-json\/wp\/v2\/pages\/1318\/revisions\/1410"}],"wp:attachment":[{"href":"https:\/\/pruebas.orbeadvisors.com.mx\/wordpress\/wp-json\/wp\/v2\/media?parent=1318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}