No, not just for some regulatory body, but also for your suppliers who might be interested in your financial performance, your investors and other creditors should there be any and more importantly, for yourself.<\/p>\n
How it\u2019s beneficial for you we\u2019ve already covered more than enough, however accurate and proper accounting is something that may cast informational light to your financial statements from your creditors and investors<\/strong> perspective.<\/p>\n Your creditors may be interested in seeing if you have enough resources to meet your obligations and keep business going, i.e. in buying further more goods. It also shows how you manage your assets \u2013 most importantly your receivables and how they relate to your revenue \u2013 how well are you able to collect for the sales.<\/p>\n Investors however are generally interested in seeing how you\u2019re performing compared to the investment they\u2019ve made into your company and how you\u2019re doing generally. How you\u2019re managing your assets and what are your earnings compared to your assets (i.e. what are your assets earning to them), it\u2019s what the investors are interested in.<\/p>\n Accounting isn\u2019t just for you, but for numerous other parties that have different agendas with this information however they\u2019re interested in the same figures \u2013 your assets, liabilities and earnings for the period. It\u2019s where the get their information \u2013 from your company\u2019s relevant figures.<\/p>\n","protected":false},"excerpt":{"rendered":" No, not just for some regulatory body, but also for your suppliers who might be interested in your financial performance, your investors and other creditors should there be any and more importantly, for yourself. How it\u2019s beneficial for you we\u2019ve already covered more than enough, however accurate and proper accounting is something that may cast […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,74],"tags":[],"class_list":["post-3816","post","type-post","status-publish","format-standard","hentry","category-2-processes","category-2-7-accounting-in-itself"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=3816"}],"version-history":[{"count":2,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3816\/revisions"}],"predecessor-version":[{"id":3821,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3816\/revisions\/3821"}],"wp:attachment":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=3816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=3816"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=3816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}