ACCOUNTING-ESP ENGLISH

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ACCOUNTING-ESP ENGLISH

BUBGET

The budget is a tool that allows you to know what your income and expenses are in a given time, know how much you can allocate to savings to meet your goals, identify what you are spending your money on, how much you need to cover your needs.

LIQUITY

Liquidity in the financial part is what an asset represents and at the same time can be converted into money. In other words, it is the ability of an organization to obtain cash.

SPENDING

Spending is an expense or outflow of money that a person has to purchase an item or receive a service.

LIABILITIES

A liabilities represents the debts and obligations that a company has and serves to pay all those assets.

ANALYSIS OF INCOME AND EXPENSES

In order to carry out an adequate analysis, we must initiate a process that begins with identifying all the points of entry of the money, whether these are sales of products or services, loans and/or sales of assets, in short, everything that generates an income towards the accounts of the company. Expenditure analysis is intended to lower costs, improve efficiency, and strengthen supplier relationships.

EARNING

Winning is being able to reach or get to acquire an item, usually money, with work, effort or luck.

LIQUID ASSETS

Liquid assets would be cash, which can be quickly converted while maintaining its market value.

SAVING

It is a habit that consists of reserving a portion of the income, saving is very important for anyone, as it serves to obtain a base of income for the future.