QuickBooks

Related to Accounting
Means books of accounts

Why accounting is important?

So that everyone doing business can know about
What are the profits associated with business.
What is the income the business is generating.
What are the expenses the business is incurring and where.
To analyze the popularity and profitability of the products/services.

Traditionally these were done by maintaining physical books.

But now it is done through computers and special software.
Every business regardless of its size is maintain accounts as they have to keep record of their
sales and purchases and inventory management and it is vital for success of business.

Every type of organization has to maintain accounts reason is so that they can tell
public/stakeholders about the distribution and fair allocation of its earnings.