Why do you Need an Accountant to Start your own Business?

Accounting and a small business need to go hand in hand to ensure its success. Besides financial control, overcoming the competition and creating a differential to attract customers, having a partner accounting is much more than having help to overcome the bureaucracy of the country. In this article, we’ll show you how experts from companies such as accountant can do more for your venture – as long as you make room for it. Understand how important the accountant is in a small business. A management system that connects your entrepreneurship areas: from financial to business.

What the accountant does for your company?

With an increasingly challenging entrepreneurship environment, opening your new entrepreneurship could be a challenge. Check  for more useful information. As the owner of your own business, you are likely to have experienced these difficulties in your skin. However, an accountant can help you with these activities and even go beyond that. Here are some of the skills and duties you can expect from this professional.

  • Complete and file legal documents necessary for the operation of the company.
  • Ensure your business complies with tax and tax laws.
  • Make and send statements.
  • Keep the company record up to date and in accordance with the requirements of government agencies.
  • Handle payroll to ensure all employees are properly taxed salaries.

By hiring an accountant and integrating it into an online platform, you can delegate roles, transfer responsibility for paperwork, and gain time to focus on what really matters – the performance of your business.

The importance of the accountant to your company

If you are a self-employed CNPJ, without employees, you can easily do the tax part of your venture alone and without much difficulty. But when there are other people involved with your business and you are no longer an individual micro entrepreneur (MEI), it is a bit more complex to take care of accounting activities. Therefore, having an accountant to assist you is essential to grow your entrepreneurship. Such a professional is not only involved with the technical side of finance, he also acts as an indispensable consultant.

In everyday routines and controls

Ready legal formats, contracts, definitions and financial planning are not all the work of the accountant. The professional still needs to support the changes in legislation, make the monthly and yearly balance, and also notify you regarding the pending amount of the bill. In addition, it can assist you in other activities such as:

Inventory control – guiding if there is excess or surplus to facilitate the capture and retention of working capital. Analyze and compare supplier prices and rates to improve procurement.

Pricing – Set a fair price for you to sell your services and products by estimating every variable and fixed expenses, applying current interest ratio, and draw the best profit margin for the business.

Cash Flow – Determining the outflows and inflows of the capital so that future expenses and profits can be and drawn over a given period of time.

Obtaining credit – Prepare all necessary business documents for credit and evaluate the pros and cons.

When closing the deal

It is precisely by law, settlement of accounts, division of partners, and withdrawal of receivables, inventory and other financial and legal issues that the accountant must be present until the closing of business activities.

Now that you know how an accountant can contribute to your business, it’s time to explore the market and find the professional that best suits your needs. But be aware: Before signing the contract, you need to consider factors such as academic background, professional record, industry, current customer satisfaction, availability, and ultimately fees and charges charged by the professional. After analyzing these criteria you can identify the best partner to boost your business.