Business Accounting

Business accounting is the systematic process of recording, measuring, and communicating financial information about a business. It involves tracking income, expenses, assets, and liabilities to assess the organization’s financial health. Accounting helps businesses make informed decisions, comply with laws, and communicate their financial position to stakeholders. The main components include bookkeeping, preparing financial statements, and conducting audits. Ultimately, it provides a clear picture of a company’s performance and guides strategic planning and management.