Introduction
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Welcome to Our Accounting Software
This guide will help you get started...
What is Accounting?
Accounting is the process of recording financial transactions pertaining to a business. It also involves summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.
Key Concepts
- Assets: Resources owned by the business.
- Liabilities: Obligations of the business.
- Equity: The owner's stake in the company.