How does it work in The Gambia?
X Bookkeeping requirements The 2012 Income and VAT Act and the 2013 Single Window Business Registration Act require all businesses to maintain proper records and document annual returns (see https://www.iasplus.com/en/jurisdictions/africa/gambia) X Accounting standardsIn The Gambia, The Gambia Association of Accountants
What is bookkeeping?
Bookkeeping is the activity of keeping records of income and expenditure of money within the business. We generally distinguish between general bookkeeping and financial bookkeeping. General bookkeeping is concerned with the day-to-day activities of your business such as purchasing and
Why is bookkeeping important for your business?
Let’s see what an accountant explained to Modou: Here are three reasons why you must absolutely keep records for your business:• You understand your business situation better and develop better sales strategies.• You improve your financial planning.• You have easier
