Different firms have radically different business models and, as such, have different bookkeeping needs and requirements.A firm with the primary business of buying and selling monetary instruments needs to have a very clear picture of the company accounts. This is because the very core of the business is predicated on controlling and influencing the flow of money and this is something that needs to conform very strictly to state laws and regulations. The accounts in this sort of situation need to be crystal clear so they can be used at any point in time to illustrate that no illegal transactions have occurred.
In direct opposition to this situation is the example of a firm that deals in a much more tangible product, namely shoes. A shoe company does not necessarily need to have a complete, microscopic view of the company accounts. In this scenario, there is a focus on knowing the inflow and outflow of revenue, value of assets and stock and so on.
In both cases, different business models necessitate different accounting needs. This is exactly why it is important for bookkeeping firms to offer customised solutions to different businesses and organisations.