By: Cameron Brosamer
Prompt 9
Why does accounting matter? What makes April 15th, also known as tax day, so important? Well, firstly, accountants store all of companies important financial records so that when it comes time to do taxes, everything is in a secure, protected environment. Accounting can also determine if the business is running smoothly or if it has some bumps that need to be taken out. This is really important for running a business with basic laws and regulations, yet still maximizing the amount of profit that can be made from every department of the business. Businesses that don't regulate their accounting department often break laws, and are ultimately fined money for it. No business owner wants that to happen, and that's one reason why the accounting department is important.
Accounting is also important for businesses to make sure they are making money and not losing money that could be made. Checking things to make sure employees aren't stealing from the business is some of what accountants do, and this is very important so that companies aren't losing money. Accountants also make sure that employees are paid on time. This keeps them happy and willing to work for the company.
Lastly, accountants analyze money trends in the business, seeing when money is flowing well and when the business is not doing so well. This helps businesses raise or lower prices depending on many variables, including season,
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