Why is accounting important in business

[Thosynho]

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

It is not every business that profit oriented. Some business are for charity like some non governmental organizations. Nevertheless, the role of accounting in any profit oriented business cannot be overlooked ad it is needed to know if the business is progressing or not.

 

[Abelcairo43]

Accounting is very important in business, either the business is small or big it needs proper daily accounting in other for the business to have fucus. If there is no accounting in any business, that business may run into depth, all business needs accounting in other for it to run smoothly.

 

[Anas Chaudhary]

Accounting plays an important role in running a business because it helps you track revenue and expenses, ensure compliance, and provide quantitative financial information to investors, management, and the government that make business decisions. Can be used.

 

[Sammyesx]

Accounting is very important In a business, it plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

 

[Damscooguns73]

Concerning why accounting is important in a business. Well, there is no company, organisation or sector that will not have the accounts department because they know it is responsible for the cash flow in the company, it helps to monitor financial growth

 

[Yan]

Accounting is not just needed in only businesses it is also very important in one's life generally. Accounting is important in aspects of leadership, expenditures, making your own budget at home etc. It brings out the clear definition in what ever it is that you're doing. In businesses you get to know when you are making a loss or a profit and whether the business is sustainable.

 

[Aricha josef]

Accounting is the process of recording financial transaction in a business..Accounting is very important in business because it helps to know what goes out and comes into your business..The major aim of going into business is to make profit and if proper record is not taken,it will be difficult to ascertain the profit or loss in the business..

 

[Kunkun]

Accounting is crucial in business because not only is it a record of events but it can also serve as future reference. A business with proper accounting won't be around for long because accounting serves as the bedrock of all businesses

 

[adeniji]

Business must be run with accounting because money been invested in a business must be notice down. So, it is very important to have recoding account on any business or market been established for generating money.

 

[Khizar iqbal]

In any business, accounting war is necessary. Accounting is the job of taking care of people It is not the responsibility of the accountant to estimate the salary of the people, nor to estimate the diction as well as the profit weight, nor is it the responsibility of the accounting manager to do his job.You have to do your jobYou have to do your job

 

[Urooj]

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 because it make one to know if he or she gaining or losing in one's business accounting tells us about the progress of our business and also tells about the lose in business .........

 

[Makorlly]

Accounting plays a vital role in running a business because it helps someone to track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

 

[Esther]

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

 

[Jlife]

Accounting will actually show the progress you are having in any business you are going into because it is with the help of an accounting that you will know the demand and supply of the day and how much profit or loss that has been made within a particular day

Post automatically merged: Feb 14, 2021

Accounting will actually show the progress you are having in any business you are going into because it is with the help of an accounting that you will know the demand and supply of the day and how much profit or loss that has been made within a particular day

 

[Waqas wajid]

Accounting is a must have, for any Affiliate, promoting any program.When we do an online business we are working and at the same time we know how much we will be paid for our work.This account shows what level of work we are doing and how much profit we will get.The advent of counting is very beneficial for business

 

[Psalmsavatar]

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

 

[Mandypaul]

Keeping accurate records of the amount of things you serve daily or weekly is one of the best way you can actually track down the numbers of se,lls you have as this can actually give you an understanding of how your market is moving forward, that is the function

 

[Sadia aslam]

Accounting is very important for business. If we don't have an account in our business then it is difficult to run a business.The account section is all about paying people and many other things. The accountant has a responsibility to calculate how much we have invested and how much profit we have.If we don't guess, the business could be at a loss

 

[Neta Sam(Samuel Odunlade)]

Why is account important in business? Is like you are asking why is money important in life? When you can not account for the money in your business, that means you can not track the Cash flow in your business, and it can lead to disaster for Your business.

 

[Chibson]

Accounting is one of the most important aspect of any business that wants to succeed. Accounting help to track the financial flow of the business and also gives the accurate incoming and outgoing finances in the business. any company that has a good accounting record is definitely bound to succeed.