Top #12 reasons why #accounting and record keeping is important in #business
The importance of accounting within business comes from its ability to keep track of an organisation’s financial health and reliability.
Without an accountant, business owners would not be able to analyse their financial health or know whether their business is profitable.
What is #accounting?
The main goal of accounting is to record and report a company’s financial performance and cash flows.
#Budget planning
#Assisting decision making
#Statutory compliance
#Evaluate the performance of a business
#detection and prevention of fraud
#Financial Transparency and Accuracy
#Resource Allocation
#Investor and Creditor Confidence
#Tax Planning and Compliance
#For Getting Investments Or Loans
#Manage Liquidity
#Measure New Strategies With Hard Numbers
#Types of #accounting?
#Managerial
#Financial
#Tax
#Cost
#Planning #MSME #Growth #Vision #CALAXMANDABHOLKAR #Accountant #Cost #owner
