6+1 benefits that a good accountant brings to the company
Posted: Sun Dec 22, 2024 4:27 am
Having our own business or simply registering as self-employed in order to be able to invoice for services or work performed involves a process that goes beyond the merely professional, but which, however, must be treated with great care and from knowledge: accounting, financial, tax and labor management . Gone are the days when an accountant only did sums, entries and solved business problems. In the 21st century office, the accountant occupies one of the most important figures in the company, performing a multitude of different tasks .
As a freelancer or as an SME, it is vital to decide how we are going to handle this management. Being a freelance professional who issues four invoices a month to certain philippines phone lookup companies is not the same as setting up a restaurant chain and hiring ten waiters. This economics professional can be as good as "one size fits all." In other words, we should not place him solely in charge of the company's monthly accounting; he can become a kind of family doctor for the business , being a very important basis for decision-making.
A good accountant: much more than a lover of numbers
Let's be clear. Accounting is not the most exciting profession, but not everyone is cut out to be a great athlete, singer or chef either. Regardless of this, it is important to have a good professional in this field who also inspires confidence. Let's keep in mind that it is not only someone who keeps our accounting books , but also our advisor and even a confidant in business matters .
The first recommendation is to hire the services of an accountant before starting the company's operations . If we do not have a large budget to integrate it into the work team, we can always hire an accountant by the hour or hire someone external to carry out the tasks from their office.
It is obvious that hiring one costs money. But a simple calculation will convince us of its necessity: let's count the time it would take us to do the tasks ourselves ( closing the accounting year , for example) and that an accountant can do for us in "a moment".
The functions of an accountant are very broad. From carrying out a procedure such as obtaining a permit, to registering and deregistering workers, tax declarations, monthly accounting, internal audits, profitability studies, etc. In addition, there is no shortage of reasons to hire them :
Having an accounting advisor from the beginning would help us choose the legal form (Limited Company, Public Limited Company, etc.) of the business, since not all businesses have the same legal structure and, in front of the Treasury, it is not the same to declare as a self-employed person than as a company.
Help with preparing a business plan . Making projections and putting down on paper what is in our minds is not always easy. The accountant will help us to make a realistic investment and financing plan.
Master your accounting before it masters you. No matter how simple our business is, accounting can end up being too much for us. For example, the simple rule of "debit" and "credit" can lead to real imbalances. In this way, the accountant can help us with the billing report, with our financial situation or to find out how healthy our debt is.
Social Security and the Treasury: two tough enemies. From keeping up to date with the payment of contributions, the liquidation of taxes, making a purchase, expanding the business... Many of these situations involve informing the Administration, so having help can get us out of many messes.
A support for difficult decisions . Let's imagine that we need to apply for a loan or that we want to launch a new product. These are decisions that can change the course of our business and that directly affect the financial structure of the company. Therefore, an accountant will advise us on what is best and not to overlook the small print.
As a freelancer or as an SME, it is vital to decide how we are going to handle this management. Being a freelance professional who issues four invoices a month to certain philippines phone lookup companies is not the same as setting up a restaurant chain and hiring ten waiters. This economics professional can be as good as "one size fits all." In other words, we should not place him solely in charge of the company's monthly accounting; he can become a kind of family doctor for the business , being a very important basis for decision-making.
A good accountant: much more than a lover of numbers
Let's be clear. Accounting is not the most exciting profession, but not everyone is cut out to be a great athlete, singer or chef either. Regardless of this, it is important to have a good professional in this field who also inspires confidence. Let's keep in mind that it is not only someone who keeps our accounting books , but also our advisor and even a confidant in business matters .
The first recommendation is to hire the services of an accountant before starting the company's operations . If we do not have a large budget to integrate it into the work team, we can always hire an accountant by the hour or hire someone external to carry out the tasks from their office.
It is obvious that hiring one costs money. But a simple calculation will convince us of its necessity: let's count the time it would take us to do the tasks ourselves ( closing the accounting year , for example) and that an accountant can do for us in "a moment".
The functions of an accountant are very broad. From carrying out a procedure such as obtaining a permit, to registering and deregistering workers, tax declarations, monthly accounting, internal audits, profitability studies, etc. In addition, there is no shortage of reasons to hire them :
Having an accounting advisor from the beginning would help us choose the legal form (Limited Company, Public Limited Company, etc.) of the business, since not all businesses have the same legal structure and, in front of the Treasury, it is not the same to declare as a self-employed person than as a company.
Help with preparing a business plan . Making projections and putting down on paper what is in our minds is not always easy. The accountant will help us to make a realistic investment and financing plan.
Master your accounting before it masters you. No matter how simple our business is, accounting can end up being too much for us. For example, the simple rule of "debit" and "credit" can lead to real imbalances. In this way, the accountant can help us with the billing report, with our financial situation or to find out how healthy our debt is.
Social Security and the Treasury: two tough enemies. From keeping up to date with the payment of contributions, the liquidation of taxes, making a purchase, expanding the business... Many of these situations involve informing the Administration, so having help can get us out of many messes.
A support for difficult decisions . Let's imagine that we need to apply for a loan or that we want to launch a new product. These are decisions that can change the course of our business and that directly affect the financial structure of the company. Therefore, an accountant will advise us on what is best and not to overlook the small print.