Accountancy in general term is the production of financial statements; it basically involves classifying, arranging and analyzing all the business transactions carried out in the business enterprise. Accountancy advice is recommended to all business persons. For one to know whether he or she is making profit or loss, one needs to have a better accounting system.
One may ask, why do I need accountancy advice? This advice is vital to a business; some decisions made in a business enterprise might require deep knowledge in accounting otherwise one might make a decision that could put a company on its knees.
Book keeping is a requirement by the legal authorities especially for those companies that deals with huge lump sum of money, book keeping is normally done by accountants, therefore making accounting a legal process in a business. For a good business results an advice in accounting is required and no matter how costly it would be, it is advisable for a company to go for it.