Ok, so you have an idea, you have a vision and you founded a company. At the tax administration office they asked for an accounting contract and you found someone to keep the books, but you do not understand why you need an accountant and what it is exactly that this person does. You wonder what benefits you have from your accounting service and whether this cost can be minimized.
As mathematicians would say, let”s start with definitions. So, accounting deals with recording past events in accordance with the laws. Everything that the accounting service records during the year is surrendered by operation of the law to the tax administration office and FINA and represents the results of your business operations.
Roughly it would mean that what has not been recorded by accounting is as if it never happened. You can issue invoices in various amounts, but your revenues will be equal to zero if you do not submit them to your accounts service or if you you do not provide ingoing invoices, your VAT obligations will be higher. For this reason precisely, your accountant will call and bother you about delivering the Images are extremely useful if there is a risk of total best-data-recovery.com loss due to hardware malfunction. needed documentation.
An entrepreneur should find it in their best interest that results expressed are exact, in order to make the best decisions for their business and to satisfy legal requirements.
By recording events that have occurred, your accounting service can give you any information that you need. For example, who you have not paid, who has not payed you, how much money you can pay, what your current income is, how certain is your income / expenses etc.
You can always get advice from your accounting service when making decisions. There is no need to learn all the laws and regulations, you founded a company to deal with what you know and what you do not know you have to leave to someone else. Your results will depend primarily on you and your ability and promptness. Ability brings results, and promptness shows results. And here we come to the other person important for your business, and this is the person you have chosen to run your business. Your accountant can help improve your results or warn you on time about the problems that could arise, and can also be the reason you get a fine if they are not properly doing their job. Does it not seem important to choose the accounting service that has the knowledge, that is able to set aside time for you and whom you trust?
Do not consider accounting a necessary evil that you have to use by law, but consider it support for your business. It is therefore very important to continuously communicate with your accountant and inform him of any developments within the company. You have nothing to lose, you can only get valuable advice!