\nIn the early stages<\/strong>, accounting can be relatively simple and handled by the business owner. It usually involves tracking basic income and expenses.<\/p>\n<\/li>\n\nAs the business grows<\/strong>, transaction volume increases dramatically. New accounts appear, financial operations become more complex (loans, investments, tax planning), there are more employees, and potentially operations in multiple jurisdictions. Managing accounting alone becomes unrealistic \u2014 switching to accounting software or hiring a professional accountant becomes necessary.<\/p>\n<\/li>\n<\/ul>\n