Why Accounting is important in business?

[GIFTMICHAEL]

Basic accounting skill is needed to keep those business statistics intact, have spreadsheet to always take a record of every down transactions in the business.

 

[Sotherefore]

You seem not to understand the message there. Well as for other job that is not relating to finance , you can give it out to anyone .

All financial department of a business company is not manage by the owner of the company, we have the manager ,we have the cashier and we have people who keep record of every transaction.

 

[Bookwormlux1]

Accounting helps one to know what goods bring the most Profits for them in business. This then helps them to invest more in those goods.

 

[Snazzy001]

Accounting is important in business because we all have to keep daily records of what is happening in our business and how our money is being spent or coming in

 

[Josemendez]

All financial department of a business company is not manage by the owner of the company, we have the manager ,we have the cashier and we have people who keep record of every transaction.

Yeah all these people are part of the business but when there is a financial decision to be made , the owner is the one who first decide and give the manager go ahead order

 

[Sotherefore]

Obviously it is the business another will take this decision, but what I mean is that it is not necessary For a business owner to become an accountant just for the sake of protecting his assets from dishonest people.

 

[Immilash]

Why accounting is I'mportant in a business is because it helps you plan and know the right requirements of the products you want
and it helps you not to squander your money anay how

 

[Bousine123]

It Is important to keep track of what you are gaining and what you are loosing. Without it, your business will be at risk of potential loss.

 

[Jsoliu004]

An accounting plays a vital role in running a business because it helps you track income and expenditure, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decision

 

[Mayox25]

Accounting is important in every business concerns. It is the figures that shows the true position and state of the business. It shows how well or otherwise of how a business has fared.

 

[akinlolu99]

Accounting is an important aspect for any business to thrive. no matter the kind of business someone is into documentation is necessary and in order for such to take place whoever is doing the accounting has to be knowledgeable.

 

[Heatman]

Why Is Accounting Important? 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.
Also share your ideas and experiences.

Seriously, majority of people that are in the world today actually understanding the importance of accounting to your business as it helps to monitor everything now.

 

[kayode10]

Accounting is very important as it helps to determine the health of your cash flow in business. It also helps to detect any financial leakages that may occur in the company.

 

[Kane]

Accounting is a way to track your finances, including but not limited to, calculating profit and loss and keeping record of income and expenses. If you are not doing accounting, you will not know whether your business is making money or losing money.

 

[Setfragil]

Accounting is very important in business as it helps you to monitor the financial progress of your business. You will be able to differentiate your business profits from losses.

 

[Toyoabasi]

Why Is Accounting Important? 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.
Also share your ideas and experiences.

Accounting plays a major role in determining the success or failure of a business. It helps the business manager keep track of his business and know if he's running at a loss or profit.

 

[joy101]

Accounting is very important in a business in order to know if the business is improving, because without accounting how will you know about your profit in the business.

 

[Heatman]

Why Is Accounting Important? 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.
Also share your ideas and experiences.

Well, for the fact that accounting helps you to always manage the financial status of your business to know if a business is growing or falling is what makes it very important in your business.

 

[Tislad]

Accounting is important in business because if you can't account for your business you are putting your business in a very big risk of failure which isn't good.

 

[Kubiat-Abasi]

Accounting is very important in business, this will help you to keep day-to-day records of products sold and the available products and this will also help you in evaluation and decision-making.