What accounting books should a company carry?

Keeping company accounting up to date is a basic aspect of business management, while essential. Both because of the need to have everything we sell, buy, owe or belong to us under control , as well as to review them in the event that a public body needs them, either by mere revision or by the possibility that something is not working as should. So you don”t have any problems, here we explain what accounting books a company should carry.

Accounting books required

There are certain types of accounting books that, in the case that the type of company is required to keep accounting, must be formalized annually in the Commercial Registry. They would be the following:

  • Daily book:in it are written all the operations that are carried out day by day in the company, such as collections or payments.
  • Inventory book:an inventory should be carried out that values ​​in monetary units all the assets, rights and obligations of the company in detail, at least once a year.
  • Annual accounts:this section consists of several elements that are connected, since what is recorded in one affects the other, and forms a single unit. These accounts are composed of the balance sheet, the profit and loss account, statement of changes in equity, statement of cash flows and activity report.


Auxiliary Accounting Books

They are those that are not mandatory, but that the company can keep up to date if you want as support, in such a way that it helps you prepare the mandatory books and facilitates the management of the company. The most characteristic are the following:

  • Cash book:controls the cash outflows and entries of the business cash.
  • Book of warehouse entries and exits:records the movements that are made in the warehouse.
  • Bank book:records the operations carried out with the bank.
  • Auxiliary maturity book: it serves to keep future debt maturities under control.


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