Question

Explain why having a good accountant is important for a large business. What does an accountant do? Do some research to find out. What might happen to a business if they did not have an accountant?

Answer 1

Answer:4. Having a good accountant for a large business is important because:

a. They can help with growth of a business by providing information on cash flow, inventory, and business financing.

b. They help with normal business operations by providing monthly financial statements.

c. Accountants ensure that business owners are following government regulations.

d. They handle relationships with external financial stakeholders, such as, banks, lender and tax filing.

e. Finally, accountants prevent financial mistake and could cost a business money, such as, overdrafts or missing a tax deadline.

If a business did not have an accountant it could lead to financial instability, cash flow problems, and missed opportunities for growth and expansion. Without the guidance of an accountant, business owners may miss out on potential tax deductions and credits, which can result in higher tax bills and decreased profitability.

Step-by-step explanation:

Answer 2

Having a good accountant if you own a large business is important because any mistakes could be detrimental in the long run and upset clients.An accountant takes care of all finances, If a business did not have an accountant it would most likely take a turn for the worst.

-Hope i helped :D