#accountingLet's face it. Everyone thinks they know the purpose of the accounting system(#PurposeOfAccountingSystem) however there is a legal requirement. After all, you do have to pay taxes. Today, I will discuss not only the purpose of the accounting system but the 11 functions contained within the #accountingsystem. Also, I will provide suggestions on policies to include in your business to help deter theft and fraud. Your accounting system(s) plays an important role in your business. #FinancialAccountingSystem Are you using your financial accounting system to its potential? Have you restricted access to employees to only the information that they need? #accounting #smallbusiness #entrepreneur