The importance of accounting to every business organization can never be undermined. Such process not only helps businesses determine how profitable or otherwise they are, it is also an indispensable tool for financial management, allowing organizations to keep records of both expenditures and incomes, which can be used as basis for making intelligent financial decisions. Although a daunting task, accounting has long been a critical process for businesses and there’s no changing this fact. For this reason, accounting tools were developed. These technological marvels help bookkeepers and accountants record and report on the transactions of businesses.
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