There is far more to accounting than filing income taxes. Proper use of accounting allows your business to create and use many useful tools to help your company grow and to understand how and where improvements can be made in your business to maximize growth and profits while reducing expenses and losses. To most large businesses, this is old news, but many small businesses remain small and struggle because they are not aware of just how useful accounting is and how important it is to have an accountant to track every aspect of your business. Most business owners think of accounting as just recording the income and expenses for their taxes, and only use an accountant at the end of the year for filing the income tax statement. You know, that point when you gather up all of your receipts and place them in an old shoebox and drop them off with the CPA. Well, there is far more to accounting than filing income taxes. By recording all of your business activity from income and expenses to man hours, pay rates, production, and inventory or wastage, an accountant can create reports that help you track and understand the growth or reasons for lack of growth of your business.