Accounting is an integral part of the activity of any enterprise and organization. In addition to the main provisions defined at the legislative level, some principles must be followed for effective operation. Let us consider in more detail the main requirements for accounting.

The principles of accounting at the enterprise

The most important accounting principles are:


Autonomy Accounting involves the management of property owned by a particular organization or individual entrepreneur.

Double reflection of operations

Double reflection of operations. All business transactions are reflecte simultaneously in credit and debit.

A functioning enterprise

A functioning enterprise. When conducting accounting, an organization or enterprise must be functioning, fully fulfilling its obligations, and making a profit.

Activity confirmation

Activity confirmation. Operations performed in accounting are necessarily confirmed by primary documentation and recorded at all stages of accounting activities.

Registration of income and expenses. 

Registration of income and expenses. 

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Transactions must be registered at the time they are carried out. In this case, the income reflected in the reporting period must correspond to the expense spent on its receipt.

Objective assessment. 

Objective assessment. When obtaining data for which there is uncertainty, care and objectivity are require to avoid overestimation of income or underestimation of expenses.

Reporting within fixed periods. 

Reporting within fixed periods. The company’s balance sheet is drawn up regularly with the frequency established by law with mandatory reporting to the tax authority.

Ensuring trade secrets. 

Ensuring trade secrets. All accounting information should not be available to third parties – accounting confidentiality is require.

National currency

National currency as a unit of measure. All accounting data is indicate in the currency of the country.


Continuity. Data, accounting, and archival information must be maintaine in such a way that after a change in management, a change in the charter, activities of the company, and a change in accounting, accounting can be continue without the need to change or restore the previous documentation.

The principles listed above are mandatory for conducting economic and financial activities in any organization, regardless of the type of activity, authorized capital, and income.

Please note that the principles are not legislative acts or job descriptions, but recommendations, the implementation of which will help to avoid disputes and errors in accounting. The ability to follow these guidelines is a trait of a high skill accountant.

“Capital Tax Consultation” offers accounting outsourcing services on favorable terms. In our activities, we guarantee compliance with the principles of accounting, the prompt fulfillment of all obligations, and the provision of reports within the time limits established by law. Experienced accountants who can cope with accounting in any enterprise work.

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