A Guide to Accounting Roles and Terms
As a business owner, understanding accounting roles and key terms is crucial for maintaining the financial health of your company. Familiarizing yourself with basic accounting principles will help you interpret financial statements and make informed decisions.
Being aware of roles like bookkeepers, who manage day-to-day financial transactions, and accountants, who analyze and prepare financial reports, allows you to delegate.
Overall, a strong grasp of accounting concepts empowers you to assess your business's performance, identify areas for improvement, and plan for long-term success.
