Accounting is of an important
part to any business organization. It involves all methods of accumulating the
financial information of a business that information can help the company to
formulate a strategic decision by making the economic judgments. In other words
accounting is the “language of business”.
An efficient accountant
is recruiting for accounting services to provide the full picture of a business
by producing a financial report that can be of use to the managers, company
employee, and other stakeholders such as: creditors, debtors and owners.
Managers will be able
to conclude financial information through on a decision, such as: whether to
invest a heavy amount in a business or not. Hence, proper accounting will keep
the investors side by side of all the happenings in the business organization.
Book keeper aim is to
keep the ledgers of a company so that anyone can have an idea about the
financial state of that particular entity. Records which are usually handled by
a book keeper comprises a: Bank statements, Payroll, Company ledgers, and
paperwork related to real estate and investments.
Accountants can help
company in growth and maximize the productivity. Their activities of
observation, measurement and communication are appealing analytically in nature. Accountants identify, analyze, record, and accumulate those facts & other
data of the organization. They then convert those data into useful information
so as to make them utilized for the definite purpose.
Auditing is also
important part in accounting. Generally, auditing is executed by an external
organization. During the process of an auditing, an accountant will examine
those ledgers of a company along with that several other records to see if the
ledgers furnishes a correct picture of the financial doings or not.