South Carolina Accounting (Mandatory) is the practice of tracking, managing, and analyzing financial information in the state of South Carolina. It includes recording financial transactions, preparing financial statements, and creating financial reports for government, businesses, and individuals. South Carolina Accounting (Mandatory) also includes filing and paying taxes, maintaining records, and complying with government regulations. There are two types of South Carolina Accounting (Mandatory): General Accounting and Tax Accounting. General Accounting includes managing accounts receivable, accounts payable, inventory, payroll, and other accounting functions. Tax Accounting includes preparing and filing tax returns, ensuring compliance with state and federal tax laws, and managing related accounting activities.