The Accountants In Business

Accounts of a business have to be maintained. The Balance Sheet talks of the company's health. Th e profit and loss of a business tells us the status of it. If it is in the profit zone and comfortable in its payments the business would flourish. If it is under pressure the statement of accounts would reveal the truth.Manipulating the accounts. Boosting the sale price and compressing the expenses could give a presentable working. This could be done for a year or two. if it is extended beyond then the company would buckle under pressure and crumble.

Accountants should be careful and should warn the management when they see a negative trend. Any deviation would prove fatal to the company. Caution is the byword.

Accountants do not make good managers is the common feeling. Yes and No. 

It is yes. As such the accountants would look through a microscope and would check then and there if there is any expense that are found unnecessary. management requires a little freedom to solve the situation. It is hard to cope up with a shoe string budget.

It is no. The accountants are very diligent in controlling the expenses and never allow any extravagant expenditure. Frugality is the essence of successful business. They could excel if they are given an opportunity to perform.

Again it is their eye that speaks. A little giveaway could bring success. A great control over the financials could lead to achievements big.

Accountants are the backbone of a business and prosperity

 depends on their skill