Accounting

Ron explains in 60-seconds with no BS

So what is accounting, really?

Accounting is what happens after the bookkeeping is done. It’s where all the financial data gets analyzed, interpreted, and turned into something useful.

Accountants look at the numbers and answer big questions: Are we making money? Are we spending too much? Can we afford to grow?

It's not just about taxes (although that’s part of it). Good accounting helps you understand the health of your business, stay compliant, and make smart decisions. If bookkeeping is tracking the puzzle pieces, accounting is seeing the whole picture.

And no, not every accountant is a CPA… But every smart business listens when their accountant starts asking questions.

How people actually use it in a sentence...

“When Candy told them they were technically profitable but broke, they finally stopped calling accounting ‘boring.’”

Did you know...

Accounting goes all the way back to ancient Mesopotamia where people used clay tablets to track grain, trade, and taxes. It’s been keeping receipts for 7,000 years.

Want the textbook definition? Check out Accounting on Investopedia.com