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Whats is Accounting?

Accounting is the process of identifying, measuring, recording, and communicating financial information about an organization's economic activities. It involves the systematic and detailed recording of financial transactions, as well as the preparation of financial statements that provide information about an organization's financial performance and position.The primary purpose of accounting is to provide information that can be used by management, investors, creditors, and other stakeholders to make informed decisions about an organization's operations and financial health. 

Preparation of Financial Statements

Financial statements are formal documents that summarize a company's financial activities and performance.

Review of Accounting Systems

Accounting systems are essential for businesses to manage their financial records and transactions accurately.

Outsourced Accounting Service

Outsourced accounting services involve hiring an external firm or individual to manage a company's financial activities.

Stakeholder Communication

Accounting facilitates communication with stakeholders such as investors, creditors, employees, and government authorities.

Compliance and Legal Requirements

Accounting ensures compliance with financial regulations and legal requirements.

Performance Evaluation

Accounting enables the evaluation of a company's financial performance over time.

Resource Allocation

Accounting provides valuable insights into the allocation of resources within a company.

Historical Recordkeeping

Accounting maintains a historical record of financial transactions, which is crucial for future reference, analysis, and decision-making.

Ask Us About Accounting

Accounting is essential for tracking financial performance, complying with tax and regulatory requirements, and making strategic decisions about resource allocation. Some of the key functions of accounting include bookkeeping, financial reporting, auditing, tax planning and preparation, and management accounting. Bookkeeping involves the recording of financial transactions, while financial reporting involves the preparation of financial statements such as the balance sheet, income statement, and cash flow statement. Accounting provides essential financial information that helps businesses make informed decisions. It allows management to evaluate the financial health and performance of the company, assess profitability, analyze costs, and determine the feasibility of investment opportunities.


Accounting is the process of recording, classifying, and summarizing financial transactions of a business or organization to provide information that is useful in making business decisions.

A balance sheet is a financial statement that reports a company's assets, liabilities, and equity at a specific point in time. It shows the company's financial position and is used to analyze the company's financial health.

An income statement is a financial statement that reports a company's revenue, expenses, and net income over a period of time, typically a month, quarter, or year. It shows the company's profitability and is used to evaluate the company's performance.

Assets are resources owned or controlled by a company that have future economic value. Liabilities, on the other hand, are obligations or debts owed by the company to external parties.