What is business accounting?

Business accounting (definition)

Business accounting is the systematic recording, analysing, interpreting and presenting of financial information. Accounting may be done by one person in a small business, or by different teams in large organisations.

Accounting is the way a business keeps track of its operations. Accountants analyse the business finances so the owner can make better decisions. This information is organized into reports that show the financial health of a business.

Accounting helps business owners meet their compliance obligations. It also helps them make smart decisions with their money.


You can search for experts in our advisor directory

Find an advisor
Small business guides

Why cloud accounting is good for business

Read article

See your key information on the business dashboard

Find out more