understand Accountancy

In most companies related to small or medium-sized businesses, there are two main forms of organization of the accounting system. These forms depend mainly on the turnover and revenue of the company and on its staff size.

Consider these forms of organization, taking into account the impact on the economic efficiency of the company.

In most cases, the company has its own accounting department, and in most cases, it is assigned the passive role of an executor of standard duties – collecting and registering information about the state of the capital, property, and financial obligations of the company, maintaining corresponding accounting(Inkasso) and reporting documentation.

Some companies prefer to use the services of firms and agencies specializing in this field. In this case, it is also about the professional performance of contractual obligations.

Individual managers of small businesses and individual entrepreneurs in order to save the accounting function in their own hands. The result and cost-effectiveness of such a decision depends on personal competence.

Meanwhile, it is not only short-sighted to assign an accountant the role of an accountant, but also often economically unprofitable, especially in modern conditions. A good accountant or chief accountant has always been the right hand of strong business executives. Today, an integral function of the accounting service, in addition to the accounting and reporting, should be analytical and advisory. The accountant(regnskapsfører kristiansand) knows how to fill out the online return declaration and draw up other documents.

The basis of successful activity and development of the company is planning. The participation of accounting here is as follows:

– analysis of the financial component of the current and long-term activities of the enterprise, identifying weaknesses, issuing recommendations for their elimination or leveling;

– recommendations to management on the rational use of fixed assets (buildings, equipment, machinery), their sale or purchase, lease or lease;

– planning the expenditure and revenue parts of the company’s budget, complying with the regulatory requirements of their allocation to the accounts;

– planning the base of budget and tax deductions, the use of existing tax incentives and deductions when you make a tax return.

The execution of these functions involves the knowledge and proper application of the legislative framework in the field of accounting(regnskapsfører) and tax accounting, prompt response to changes in this base.