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All sizeable businesses employ one or two accountants, and even the smallest outfit will need part time assistance to help manage "the books." What does it actually mean, "keeping books"?

Accountants are responsible for the recording of all financial activities and keeping score of company profits. Every business has to know exactly how much money is coming in and how much is being used for wages, building leases, utilities, merchandize, office supplies, etc. When, at the end of the day, the spending amount was less than what was earned, a profit was made, and the accountant will have some excellent news to report to the business owner.

The importance of measuring profit cannot be overstated. Every company has to know precisely how much profit it earns during a given time period. Even if there is no extra revenue, or maybe even a loss, management has to know so they can adjust their business strategies and hope they can pull the company back on track.

Non-profit organizations also have to keep track of their income and expenditures, because at the end of a fiscal year they have to make sure both sides of the balance sheet even out. It is true, in the old days accounting was literally done by bookkeepers writing on pages in oversized books. They were called journals or ledgers. Today, modern technology replaces the outmoded methods and accounting software on computers will analyze the financial data they receive.

As easy as this may sound, knowing how to turn on a computer and installing accounting software does not guarantee you accounting skills that will land you a job. To officially carry the title of "accountant" one actually has to take accounting courses and learn all the ins-and-outs related to the profession. Believe it or not, but beyond carrying out fundamental tasks, an accountant also has to prepare, analyze and verify financial documents in order to provide information to the head accountant or clients, if they work independently.

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