![]() The work today is typically carried out by accounting firms and other similar bodies, though some organisations still have in-house accounting departments.Īccounting firms usually prepare and/or audit financial statements in accordance with generally accepted accounting principles.Īccounting is an essential component of running a business. This is why it is so important that the work of the bookkeeper is accurate and up-to-date.Īccounting has existed to varying degrees throughout human civilisation.įor example, the double-entry accounting system that is still used today was developed in medieval Europe. The recording of financial transactions from bookkeepers forms the foundation upon which the work of an accountant is based. Calculate tax liabilities and provide the necessary documentation. ![]() ![]()
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