| All sizeable businesses employ one or two | | | | amount was less than what was earned, a profit was |
| accountants, and even the smallest outfit will need part | | | | made, and the accountant will have some excellent |
| time assistance to help manage "the books." What | | | | news to report to the business owner. |
| does it actually mean, "keeping books"? | | | | The importance of measuring profit cannot be |
| Accountants are responsible for the recording of all | | | | overstated. Every company has to know precisely |
| financial activities and keeping score of company | | | | how much profit it earns during a given time period. |
| profits. Every business has to know exactly how | | | | Even if there is no extra revenue, or maybe even a |
| much money is coming in and how much is being used | | | | loss, management has to know so they can adjust |
| for wages, building leases, utilities, merchandize, office | | | | their business strategies and hope they can pull the |
| supplies, etc. When, at the end of the day, the spending | | | | company back on track. |