When you plan to start up a business, you need an accounting system in place. This assists an accountant produce accounting record of all the assets, liabilities, revenue and the expenditure of your business on a daily basis. Maintaining this data is mandatory because you will need it when you file for tax returns. You might also need it for legal purposes. If, a company wants to borrow from a financial institution to expand business, this data can help it get one.


Another important purpose of maintaining an accounting system is that it helps an accountant by providing with an aid to asses business’s performance. An accounting system provides you with information about your business that will help you assess the performance of your business.


Infotax square provides you accounting services for recording, classifying and summarizing your company’s data and interpreting them for internal and external end users.