Coming Soon
Subscription Marketplace - Buy and sell subscription products and services
2,992 views
in Articles by
Anyone who's worked in an office at some point or another has had to go to accounting. They're the people who pay and send out the bills that keep the business running. They do a lot more than that, though. Sometimes referred to as "bean counters" they also keep their eye on profits, costs and losses. Unless you're running your own business and acting as your own accountant, you'd have no way of knowing just how profitable - or not - your business is without some form of accounting.

    No matter what business you're in, even if all you do is balance a checkbook, that's still accounting. It's part of even a kid's life. Saving an allowance, spending it all at once - these are accounting principles.

    What are some other businesses where accounting is critical? Well, farmers need to follow careful accounting procedures. Many of them run their farms year to year by taking loans to plant the crops. If it's a good year, a profitable one, then they can pay off their loan; if not, they might have to carry the loan over, and accrue more interest charges.

    Every business and every individual needs to have some kind of accounting system in their lives. Otherwise, the finances can get away from them, they don't know what they've spent, or whether they can expect a profit or a loss from their business. Staying on top of accounting, whether it's for a multi-billion dollar business or for a personal checking account is a necessary activity on a daily basis if you're smart. Not doing so can mean anything from a bounced check or posting a loss to a company's shareholders. Both scenarios can be equally devastating.

    Accounting is basically information, and this information is published periodically in business as a profit and loss statement, or an income statement.

Please log in or register to reply to this topic.

Related topics

0 replies 627 views
posted in Articles by Sassassin
0 replies 539 views
posted in Articles by Octopuppy
0 replies 544 views
posted in Articles by Finderpros
0 replies 689 views
posted in Articles by HairyMagpie
0 replies 661 views
posted in Articles by ShowDolphin
0 replies 675 views
posted in Articles by FrighteningTwinkles
0 replies 644 views
posted in Articles by LovableStorm
0 replies 625 views
posted in Articles by GiftedWrecker
0 replies 587 views
posted in Articles by AmazingKitty
0 replies 613 views
posted in Articles by Amigod
0 replies 847 views
posted in Articles by Cybora
0 replies 504 views
posted in Articles by Prepatriarch
0 replies 536 views
posted in Articles by Knightmare
0 replies 528 views
posted in Articles by VirtualAssassin
0 replies 580 views
posted in Articles by TwinNut
0 replies 562 views
posted in Articles by Hawkward
0 replies 501 views
posted in Articles by FlamboyantChomper
0 replies 537 views
posted in Articles by PlushSeal
0 replies 575 views
posted in Articles by PerfumedNecromancer
0 replies 492 views
posted in Articles by CheeryGrin
0 replies 769 views
posted in Articles by Richard S.
0 replies 546 views
posted in Articles by GardenParrot
0 replies 640 views
posted in Articles by CharmingChamp
0 replies 541 views
posted in Articles by Slayerk
0 replies 600 views
posted in Articles by DreamBaby
0 replies 531 views
posted in Articles by HistoryGuy
0 replies 520 views
posted in Articles by SilentTrooper
0 replies 653 views
posted in Articles by Mosquiche
0 replies 599 views
posted in Articles by GreedySmile
0 replies 587 views
posted in Articles by HairySeahorse
0 replies 759 views
posted in Articles by MagicalCyborg
0 replies 502 views
posted in Articles by Scorpeon
0 replies 609 views
posted in Articles by Tabooccaneer
0 replies 606 views
posted in Articles by Knighthawk
0 replies 579 views
posted in Articles by Knighttime
0 replies 498 views
posted in Articles by SilkPredator
0 replies 503 views
posted in Articles by nicejone
0 replies 515 views
posted in Articles by HairyFoal
0 replies 656 views
posted in Articles by GrizzlyFlash
0 replies 644 views
posted in Articles by VoyageHooper
0 replies 684 views
posted in Articles by BeautifulWolf
0 replies 717 views
posted in Articles by Wallaby
0 replies 648 views
posted in Articles by Falconjurer
0 replies 620 views
posted in Articles by Emufasa
0 replies 657 views
posted in Articles by Celestiger

55,458 topics

0 replies

0 comments

2,554,288 users

Connect with us:
...