What criteria determine the taxation system for individual entrepreneurs in Uzbekistan

Any business needs control over expenses and income. Without a properly organized control process, it is impossible to make plans for further business development. To carry out this control, you need accounting.

Accounting in any large organization or small individual entrepreneur is a continuous process that controls the activities of the enterprise and its financial position. At the same time, accounting must be documented and all financial actions must be reflected in the accounting documentation.

You should not plan the further activities of the organization without taking into account analytical data for past periods. Thanks to this data, company managers can build their own strategy or change the existing one. Therefore, accounting plays a big role in the management system of any organization.

Thanks to accounting, you can control the timeliness of budget allocations, settlements with partners and contractors. This data must be reflected in the balance sheet and financial performance reports of the enterprise.

Without accounting in our time, it is impossible to establish and run a business. In large organizations, an entire department with different specialists is engaged in accounting, financial reporting and analysis. Accounting plays a key role in the organization's management system and requires continuous improvement.