Bomi’s financial system makes use of the three P’s of Bomis for all types of transactions and business activities. First, there is the income stream that includes all income sources including income from operations, purchases, investments, dividends, interest, and rents. Next, there is the expense stream that contains all expenses incurred during an activity. The third stream is the balance sheet, where the balance sheet represents the income statement and the balance sheet represents the statement of cash flows. It includes all financial transactions and provides a quick and accurate picture of an organization’s overall cash flow and cash inflows or outflows.
BOMI, also known as the Bomis method of budgeting and accounting, is not only applicable to government organizations but also to other private businesses. This method is commonly used by small businesses to ensure consistency in their financial records. To be able to effectively utilize Bomis budgeting and accounting, it is important that the organization follows a disciplined approach and adhere to a specific procedure. These three P’s are the basic building blocks of the system. However, there are many variations and ways how to implement Bomis.
In general, Bomis is divided into five main sections namely: the product stream, the sales stream, the revenue stream, the cost stream, and the asset stream. Each section is used for different purposes. Some of the main subdivisions include: the products, the sales process, the sales management, the sales reporting, and the sales analysis. Each of these subdivisions are important in helping businesses determine their sales trends and their profitability and efficiency.
The products, sales stream, and the revenue streams are the basic components of Bomis. These are important when it comes to analyzing and managing your business. Products are products that have been purchased from suppliers. The sales process is a sequence of events that occur when your customers make orders and pay your expenses and then you send your product to your customers. The revenue stream is the result of your revenue produced and the difference between your expenses and your revenue.
The financial transaction is a financial transaction between your company and its customers that results in a financial statement. Financial transaction can include: buying and selling transactions, purchase and sale transactions, credit transactions, transfer transactions, cash transaction, and debt transactions. Cash transaction is a type of transfer transaction in which the transaction is made by the company with another company. On the other hand, the debt transaction includes: the borrowing of money, loan and other borrowings. The cash transaction is the process of converting cash into a form of money.
The financial transaction can be categorized into two major categories: open and closed. Open financial transactions are those which have already been executed while closed financial transactions occur when they are in process. For open financial transactions, an analysis is done to determine if the transaction is a buy or a sell transaction. A closed financial transaction is one which is not in process. There are different types of transactions that can result in an open or closed financial transaction.
Business processes include operating and controlling accounts, inventory control, manufacturing, quality control, sales and purchasing, finance, human resource, and accounting processes. The following are the types of business processes used in Bomis: operational process, control process, manufacturing process, quality control process, finance process, human resource process, financial process, inventory control process, and manufacturing process. This is why it is very important for Bomis to have complete information about the business operations, which is then analyzed and organized by Bomis. It is also very important for Bomis to have the complete financial history of your business so that it can analyze the financial data and decide whether your business is profitable enough.