Why Businesses Use Accounting

Introduction

• Introduce the topics you will discuss in your paper.

Accounting as an Organizational System

• Describe how accounting helps keep financial information organized.

• Explain how accounting creates summary statements that can be read and understood by anyone.

Accounting for Tax Purposes

• Describe how accounting helps businesses with income tax.

• Describe how accounting is used to track sales taxes.

Accounting for Theft Prevention

• Describe some of the accounting procedures that prevent assets being stolen from the business.

Accounting for Cash Management

• Describe how accounting can help business owners know how much cash a business has at all times.

Conclusion

Wrap up the paper in two to three final concluding comments.