Maintaining Financial Records and

Cash Flows with Accounting

Accountancy is the production of financial records of any business entity, including

organizations, corporations, and small enterprises. This gives the owners an idea

about the business’ flow in terms of money and production. The objective of

accountants is to make sure all financial statements are accurate. Accountants are

also responsible for the

necessary taxes, especially

during time of payment.

This way, the business and

its financial operations will

run efficiently. Some

services it offers are

payroll, bookkeeping,

auditing and financial

statements, and tax consulting.

Why Trust an Accountant?

Before becoming an accountant, an aspirant must have a bachelor’s degree in

accounting or any related field. Examinations, licensures, and requirements are

necessary before becoming a Certified Public Accountant (CPA). For instance,

accounting in the Philippines follow the standards set by International Accounting

Standards Board (IASB) to ensure that the qualified accountants will provide the

best services to clients. This is to make sure no business will suffer from financial

loss due to poor performance.

What Are the Traits of an Accountant?

1. Analytical – Accountants should have the ability to identify documentation issues and suggest

ideas to solve it. For instance, these analytical skills will reduce the tax liability, while identifying

the fraudulent use of funds.

2. Communication – Accountants should carefully listen to the concerns of clients, managers, and

other clients. The results of work communication will take effect during meetings and written

reports.

3. Attention to Detail –

Accountants should pay

attention to detail

when compiling and

examining

documentation to

avoid missing or

miscalculated

documents.

4. Mathematical Skill – Although complex math skills are not necessary, accountants should know

how to analyze, compare, and interpret data.

5. Organized – Organizational skills are important because accountants often work with different

financial documents for clients.

Accounting helps businesses make good economic decisions in terms of using company funds. Triple i

Consulting, a leading business-consulting firm in the Philippines, is among the most trusted firms among

companies needing accounting and financial services. Discover the benefits of accountancy by implanting

the necessary services to your company.