A Company’s logo is its brand identity. People recognize brands by their logos. For e.g. People recognize “Three Stripes” as Adidas or “Yellow M Letter” as McDonald’s. These logos are visually attractive and make their brands stand out to be identified easily. Similarly Account Logos in Salesforce have the same purpose. They make an Account record page visually appealing. It helps users identify accounts easily.
You can enable Account Logos in setup along with Automated Account Fields. Once enabled and when you are trying to create a new account, you will get company suggestions with logo to choose from. When selected, Account Logo appears besides Account Name and other fields such as website, address, phone etc. also get populated automatically to save you time. More