What is Accounting?
Ask most people what they think accounting in Elkhorn, WI entails and you’re going to get a wide variety of responses… most of them centered around managing money. While this is definitely in the ballpark of what an accountant does, accounting is much more than just recording transactions and tracking down cash! There are really two distinct facets of accounting:
- Recording transactions and managing cash flow.
- Organizing, retrieving, summarizing and presenting data regarding cash flow.
Now, even the above explanations are pretty generalized and that’s because the job of an accountant might vary tremendously depending on the employer—a small business accountant might be tasked with presenting profit and loss data to owners and management, while a personal accountant might be more entrenched with tax filings and asset allocation. This isn’t to say that accounting duties can’t overlap, however—they often do!
Accounting in Elkhorn, WI might seem like a complicated numbers game and it often is, but at the root of it all, it’s more than just a suit sitting behind a desk balancing books for a business—it’s a skilled professional making sure that the numbers add up and the business (or person) stays financially sound.