To run a business you need data, records, reports, analysis, accurate information about assets, debts, liabilities, profits; and that is why Accounting is Importance for any business activities.
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These words I liked @Ogbest , "business without accounting is simply going into dark and blind business." because it is reality. It is being financially blind, you do not know how much money comes in or how much goes out, much less what the profit is. It is when you get bankrupt for spending what is not owed.Doing business without accounting is just going into dark and blind business. How can can you be into a business without knowing if you are making profit or lost. Account is very important and vital in every business, so as to ascertain tour profit or lost.
Yes you are right it's basic need of growing business by accounting and. You can find the right way of accounting through social networking and experienced people too.Accounting is very important in business because without giving account of business it can not function very well,in business you need account to no if you gain or lose,also in business you need to know if you are not losing because losing is not good, business without profit is useless
Accounting is very important as it will help us to see the health status of your business through cash flow. It is very paramount to take accounting of every penny that goes out and comes in into the business. Accounting will give you a chance to read the figure and to know if business is a growing or declining.Accounting is very important in business because without giving account of business it can not function very well,in business you need account to no if you gain or lose,also in business you need to know if you are not losing because losing is not good, business without profit is useless
Accounting is very important in business since it helps to keep records of day to day activities. For a successful business, Taking account is extremely important.Accounting itself is an important part of the financial management of the company, there is control of expenses and income that keep the finances of the business standing. When the control is correctly accounted for, it is possible to be clear about unnecessary expenses and the reality of the assets.
It's the right word @Ridwan Mohammed , it keeps track of daily activities. There are companies that accumulate expenses and income to carry out the accounting on the weekend or the month, but it is recommended and correct that at the end of the day they carry out said registration. In this way they do not accumulate work and are aware of the available capital.Accounting is very important in business since it helps to keep records of day to day activities. For a successful business, Taking account is extremely important.