Accountancy and the recording of financial transactions can be traced back some 7,000 years and arrived in today’s format via Mesopotamia, Egypt, Babylon and Rome. The development of accounting was closely related to developments in writing, counting, and money.
So why do we still exist some 7,000 years later?
Business needs a stable and common language to allow businesses to measure and report their performance and make judgments about the value of human activities.
To allow this language to flourish and be useful to business, Accountants constantly refine methods of capturing data and produce Accounts and Reports which tell a story about the performance of a business or an organisation in financial terms.
At the same time Government, via HMRC, impacts these Accounts when they implement tax laws designed to collect various taxes and duties.
As Accountants in today’s world, Henry and Banwell are proud to support and guide our clients to manage their businesses as they adapt to changing circumstances and manage their businesses.