Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance,
and provide investors, management, and government with quantitative financial information which can be used in making business decisions.
Accountancy professionals in business assist with corporate strategy, provide advice and help businesses to reduce costs,
improve their top line and mitigate risks. As board directors, professional accountants in business represent the interest
of the owners of the company (i.e., shareholders in a public company)
Numounts Consulting will help your business with all the accounting needs. If you get in touch we will surely
assist you and leave you with a smile. We assist clients with company registrations all the way to branding their business.
A financial statement is a report that shows the financial activities and performance of a business.
These are written records that convey the business activities and the financial performance of a company.
Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax,
financing, or investing purposes.
A tax return is the completion of documentation that calculates an entity’s or individual's income earned and the amount of taxes to be paid to the government or government organizations or, potentially, back to the taxpayer. Taxation is one of the biggest sources of income for the government.
Bookkeeping is the process of recording your company's financial transactions into organized accounts on a daily basis.
It can also refer to the different recording techniques businesses can use. Bookkeeping is an essential part of your
accounting process for a few reasons.
Bookkeeping is a foundation/base of accounting. Accounting uses the information provided by bookkeeping to prepare
financial reports and statements. Bookkeeping is one segment of the whole accounting system. Accounting starts where
the bookkeeping ends and has a broader scope than bookkeeping.
Branding is important because not only is it what makes a memorable impression on consumers but it allows your
customers and clients to know what to expect from your company. It is a way of distinguishing yourself from the
competitors and clarifying what it is you offer that makes you the better choice.
Branding includes but not limited to a company logo, company colors, company website, staff uniform, and many more.