Accounting is not new and has been around for thousands of years. Starting with the Assyrians, Indians and later the Roman Empire, accounting helped maintain assets with a clear balance sheet. Accounting consists of different fields like cost accounting, financial accounting, funding, account management, tax management and forensic accounting.
Known to be the backbone of any business, accounting is defined as a systematic recording and analysis of monetary transactions. Accounting in business helps the company maintain transparency and provide a clear picture of the profits and losses to the shareholders and clients.
Accountancy consists of three applications as far as business entities are concerned, namely accounting, bookkeeping and auditing. A book keeper maintains an organized record of all expenses handled by a business. The main objective of a bookkeeper is to balance the ledger of the company and illustrate the current financial situation of the business.
Auditing is another integral part of accountancy. This process evaluates the company's financials through its employees, products and systems to ensure transparency and quality. A clear and balanced sheet also helps the company make better financial decisions when it comes to investments and business deals.
An accounting staff usually consists of one or more bookkeepers, primary accountants and a head accountant. The size of the accounting staff varies based on the size of the company. While most businesses have their own accounting team, others choose to hire services when needed. This website provides a list of accounting and auditing services to help your business maintain balanced records. | 
