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Accounting plays a vital role in running a business because it helps
you track income and expenditures, ensure statutory compliance,
and provide investors, management, and government with
quantitative financial information.
Accounting is important for small business owners as it helps the
owners, managers, investors and other stakeholders in the
business evaluate the financial performance of the business.
Provides vital information regarding cost and earnings, profit and
loss, liabilities and assets for decision making, planning and
controlling processes within a business.
Why is Accounting Important?
• Recording Transactions
• Budgeting and Planning
• Decision Making
• Business Performance
• Financial Position
• Liquidity
• Legal Requirements
What is the Purpose of Accounting?
For your Individual and Business needs
Tax accounting isn’t just numbers on a page; it impacts your life in
fundamental ways. At Galleros Robinson, we have the main aim
to provide our clients with the top level of technical expertise as
well as personalized service.
Talk to our financial experts who look beyond the page to find
how your business and lifestyle can work together in ways you
never imagined.
Stress Free Solutions
For your Individual and Business needs
• Business Audit & Assurance
• Business Taxation Service
• Business Advisory Service
• CFO Support Service
• Cross Border International Practice
• Litigation Consulting & Forensic Accounting
Stress Free Solutions
488 Madison Avenue
23rd Floor
New York, NY 10022
Telephone: 646.921.0400
______________________
115 Davis Station Road
Cream Ridge, NJ 08514
Telephone: 609.259.3420
______________________
7805 NW Beacon Square Blvd
Suite 203
Boca Raton, FL 33487
Telephone: 561.988.3100
Contact us
Email us: info@gallerosrobinson.com
Follow us
/Gallerosrobinson
/company/gallerosrobinson
Galleros Robinson

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Role of Accounting in Business

  • 1.
  • 2. Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information. Accounting is important for small business owners as it helps the owners, managers, investors and other stakeholders in the business evaluate the financial performance of the business. Provides vital information regarding cost and earnings, profit and loss, liabilities and assets for decision making, planning and controlling processes within a business. Why is Accounting Important?
  • 3. • Recording Transactions • Budgeting and Planning • Decision Making • Business Performance • Financial Position • Liquidity • Legal Requirements What is the Purpose of Accounting?
  • 4. For your Individual and Business needs Tax accounting isn’t just numbers on a page; it impacts your life in fundamental ways. At Galleros Robinson, we have the main aim to provide our clients with the top level of technical expertise as well as personalized service. Talk to our financial experts who look beyond the page to find how your business and lifestyle can work together in ways you never imagined. Stress Free Solutions
  • 5. For your Individual and Business needs • Business Audit & Assurance • Business Taxation Service • Business Advisory Service • CFO Support Service • Cross Border International Practice • Litigation Consulting & Forensic Accounting Stress Free Solutions
  • 6. 488 Madison Avenue 23rd Floor New York, NY 10022 Telephone: 646.921.0400 ______________________ 115 Davis Station Road Cream Ridge, NJ 08514 Telephone: 609.259.3420 ______________________ 7805 NW Beacon Square Blvd Suite 203 Boca Raton, FL 33487 Telephone: 561.988.3100 Contact us Email us: info@gallerosrobinson.com Follow us /Gallerosrobinson /company/gallerosrobinson Galleros Robinson