CHEAT SHEET FOR YOUR SMALL BUSINESS ACCOUNTING SYSTEM

An accounting system comprises a set of records and the procedures and equipment used to perform the accounting functions. A system is a set of rules or procedures, an arrangement of things, or a group of related things that work towards a common goal or objectives.

The business itself is an embodiment of systems that comprises production system, marketing system, and accounting system which is the hallmark of systems in businesses because it serves as a smart back office and the home of business intelligence.