What Is Business Accounting?
Business Accounting (Definition)
Business accounting is the systematic recording, analysing, interpreting and presenting of financial information. Accounting may be done by one person in a small business, or by different teams in large organisations.
Accounting is the way a business keeps track of its operations. Accountants analyse the business finances so the owner can make better decisions. This information is organised into reports that show the financial health of a business.
Accounting helps business owners meet their compliance obligations. It also helps them make smart decisions with their money.
More Accounting Terms
What Is Accounting Software?
What Is An Invoice?
What Is Financial Management?
What Are Payroll Records?
What Is A Tax Deduction?
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