Most business owners know that accounting is one of the most important aspects of running a company.
Without organized finances and accurate financial statements, it's impossible to tell if the business has a profit or loss.
Basic financial reports such as income statements, balance sheets, charts of accounts, and others help business owners, shareholders, investors, and creditors see clear financial gains or losses. These reports also assist CEOs and financial officers with determining where to cut back on expenditures and which budgets to increase.
It's pretty obvious. If any aspect of a business requires software and automation, it's the accounting department.