Accounting structure for small businesses refers to the setup of financial processes, statements and reports used for bookkeeping. It’s important to have a solid accounting structure in place so you can keep accurate records of your day-to-day finances and gain greater insight into the success of your business. A proper accounting structure should include separating expenses into relevant categories to easily review spending and income, tracking financial goals and creating detailed bookkeeping documents to accurately demonstrate cash flow, while adhering to established industry standards. Ultimately, an appropriate accounting structure gives you the information needed to focus on strategic planning, drive revenue growth and make informed decisions.