Ari Afilalo

According to the law professor Ari Afilalo, commercial transactions are events that initiate the accounting process of registration in the accounting system of a company. In accounting, financial information of an individual, business or organization is recorded, classified, summarized and reported to interested users. The financial information reported comes from what is known as business transactions. To understand basic accounting, Ari Afilalo points out that you should be familiar with the starting point and the core of the accounting process, which is the business transaction. Without a commercial transaction, there is nothing to register, classify, summarize and report. An updated database is one of the most useful resources that can help you plan new marketing and sales strategies. Other business records that must be kept are documents that provide a record of business transactions, or that allow for the tracking and verification of these transactions through the accounting system from start to finish. Ari Afilalo, the Rutgers Law School professor, shares that these include invoices, receipts, cash register tapes, bank records, checkbooks, etc. The essence of a good record of business transactions is good accounting. Efficient accounting will save time and money in the long term. Registry maintenance Ari Afilalo claims that proper maintenance of business transaction records gives the business a real advantage over the competition in different ways. - Help manage accounts, interest, taxes and labor costs effectively. - Acts as a resource for new strategies. - Help in finding solutions for business problems. - Informs about customer service and employee efficiency. - Help in monitoring the growth and profit rate of the company. - Indicates hidden and unexpected costs. - He is the most ingenious advisor when the business is in serious trouble