An accounting system tracks all the financial activities of an organization that shows when and where the money and commitments were spent. This helps decision making by allowing managers to evaluate organizational performance, indicating the financial risks and benefits of choosing one strategy over another, and highlighting current weaknesses and opportunities. Invest and manage the financial records and operations of an organization to ensure that they follow the regulations of the organization, industry and government. The accounts perform services for clients in a broad spectrum of accounting industries. The accounts present a breakdown of economic activity for all resident institutional sectors in a complete and consistent set of quarterly data.
The account helps keep business records in a systematic way.
Help account in the preparation of financial statements.
The account helps managers in the decision-making process.
Help account with taxes.
Help account in the valuation of business.