Accounting is the process of recording financial transactions of a business.

 The accounting process includes summarising, analysing and 

reporting these transactions to oversight agencies, regulators and tax collection entities. 

The financial statements used in accounting are a CONCISE summary of financial transactions 

over an accounting period, showing a company's operations, 

financial position and cash flows.

For more information or if you have any questions, please get in touch

https://www.wallaceaccountancy.co.uk