What is Accounting?
Accounting can be defined as the preparation and examination of financial records which reveal profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity.
Other important definitions:
Tax deduction- Deducting an expense from taxable income on your tax return.
Tax Credit- an amount of money that can be offset against a tax liability (not taxable income).
ESSENTIAL BUSINESS ACCOUNTING
Accurate record keeping, tax compliance and growth monitoring to make informed decisions.
ARE YOU QUALIFIED TO DO YOUR BUSINESS ACCOUNTING?
What you need to know about Essential Business Accounting
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