Catering individual industrial and commercial households should make accounts with an annual income of 5 million. All individual industrial and commercial households engaged in production and business operations and having fixed production and business premises shall set up, use and keep account books and vouchers in accordance with the provisions of laws, administrative regulations and these Measures, and keep accounts according to legal and valid vouchers.

The significance of accounting

Accounting refers to the process of accounting treatment by accountants. The whole process from the beginning of bookkeeping to settlement and all the links in it are called accounting, which refers to the process of accounting treatment by accountants. Generally, the whole process from the beginning of filling in vouchers to the end of preparing statements is also called accounting practice.

Prepare accounting vouchers according to original vouchers, prepare account summary table according to accounting vouchers, and register accounting books including general ledger and subsidiary ledger according to accounting vouchers and account summary table. Prepare tax returns according to accounting statements, and prepare annual income tax statements and other self-inspection forms for tax settlement according to annual accounting statements.