Accounting

Accounting is very important for both personal and business institutes. That’s because it helps keep a systemic record of the financial information. With the Up-to-date record, one can easily compare the financial information. One can easily measure how a company performs over a period of time with proper accounting.

However, accounting helps make the decision for management, at the same time communicates company results. In addition, it meets the legal requirements of an organization. So, with that in mind, in this MineBook Accounting category, we have brought to you everything you need to know about accounting. For instance, you will learn the types of accounting, how it works, what are the benefits of accounting, how it helps in decision-making, and much more. However, accounting plays a vital role in running a business by tracking income, expenditure, management, and much more.

From the financial statements, there are mainly three key financial statements you will get. These – from the income statement you will get the profit & loss statement, the balance sheet provides you with a clear picture of the financial position of your business, and you will learn about the cash generated and spent from the balance sheet. There are many more things to learn about accounting. MineBook covers everything you need to know.