Accounting systems and processes are an extremely important element of any business, no matter what the size or industry.As your business engages in various activities, money flows in and out, and documents such as tax invoices, wage records, cheques and credit card statements support these transactions. These documents contain key information that needs to be recorded such as dates, payments made, amounts received and total tax paid.Having the right accounting system can help to streamline your finances, and can be instrumental in the success of your business.