Enty's Business Glossary:

Accounting

Accounting is the core of a company's financial management reflecting all points of the company's economic performance under certain unified parameters. Bookkeeping provides founders and investors with information regarding cost and earnings, profit and loss, liabilities, and assets for decision-making, planning, and controlling processes within a business. Together with that, accounting is a required operation by a government. It's needed to ensure that businesses fulfill their obligations and to collect the country's economic metrics for more relevant financial management.

Accounting

Accounting is the core of a company's financial management reflecting all points of the company's economic performance under certain unified parameters. Bookkeeping provides founders and investors with information regarding cost and earnings, profit and loss, liabilities, and assets for decision-making, planning, and controlling processes within a business. Together with that, accounting is a required operation by a government. It's needed to ensure that businesses fulfill their obligations and to collect the country's economic metrics for more relevant financial management.

Explore terms related to the accounting process and taxation: