Relational Accounting

Relational accounting focuses on understanding and managing the relationships between an organization and its stakeholders—such as customers, suppliers, employees, and community. Instead of just tracking financial transactions, it considers the quality of these interactions, trust, and mutual value creation. By emphasizing these relationships, organizations can foster loyalty, improve communication, and achieve long-term success. This approach integrates social and economic aspects, recognizing that healthy relationships are crucial for sustainable growth and a positive reputation.