Role of Accounting in Business

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Why is Accounting Important? 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.


What is the Purpose of Accounting? • • • • • • •

Recording Transactions Budgeting and Planning Decision Making Business Performance Financial Position Liquidity Legal Requirements


Stress Free Solutions 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


Contact us 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

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