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Basic Accounting Concepts - Definitions

    • 10 posts
    May 29, 2012 12:20 AM EDT

    Accounting and finance are the two basic requirements of business, if your company have capability to manage these two aspects then nothing can affect your business in long term.

    • 23 posts
    May 3, 2012 10:32 PM EDT

    Accounts plays a big role in business enterprises. It is necessary for a business to manage accounts effectively. Thanks for providing the basic accounting concepts.

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    • 37 posts
    July 27, 2012 7:47 PM EDT

    Accounting is the pulse of a business. Accounting is important for businesses for several reasons. We need accounting because it's the only way for business's to grow and flourish. And, there are several accounting softwares available which can make things simple for your business.

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    • 2 posts
    May 28, 2012 7:43 PM EDT

    Yes sir accounting and UNDERSTANDING the reporting and information that come from accounting is hugh for any size of business.

    I would be happy to assist you if you are interested? My services are designed to harness  the benefits of accounting to assist business owners with staying on track with their goals and success of their business and personal lives. 

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    • 20 posts
    January 13, 2009 11:34 PM EST
    I have been an entrepreneur for over 20 years, having started 13 businesses and so I have been forced to struggle with the beast called accounting. Even though I studied it at Uni (taking 10 years to complete a 6 year course) it was still something that did not fit well with my entrepreneurial flair. But, in time I came to understand its language and see its potent potential to add business acumen to my entrepreneurial endeavours.
    I now embrace accounting completely and use it extensively in both the establishment of my new ventures as well as the day to day growth of my enterprises. I plan to write a series of articles on `accounting for entrepreneurs` in conjunction with a qualified accountant and put my knowledge and experience of accounting into plain English that hopefully budding entrepreneurs can use.

    Here is my first in the series -
    Accounting Definitions 1   on What is accounting? How can entrepreneurs benefit from accounting? What is the difference between a bookkeeper and an accountant? What do they mean by Management Accounting and Financial Accounting. I hope it helps.
    NVArchitect1/14/2009 6:04 AM