Accounting is the one of the most important things in business i think. But for my sadness not every businessman understands it. There are still bosses who don't understand it. They think that if they are bosses they can do everything they whant and they don't need bookkeepimng because thouse are their buisinesses and their money. But they are completely wrong. Without bookkeeping no one can tell you about state of your business about your debts and profit. As your assets equal your business' capital plus debts. So what i want to tell you about is money you have on your firms' accounts may not be your profit and at the same time you may have debts much more. That may mean even that you are bankrupt.