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Whom to entrust the accounting?

If you are an entrepreneur or owner of a small business, then to you sooner or later the question will arise about how and what forces to bookkeeping. What about this says the current legislation? If we turn to the Federal Law of 21.11.96, No 129 of the Federal Law "On Accounting" we see that accounting in the organization may conduct:

  1. The accounting office of the enterprise or a staff accountant
  2. Specialized organization on a contractual basis.
  3. Head of the organization personally

Large companies have a large amount of accounting work and acceptable to them is only the organization's own accounting. Small and medium businesses have a much smaller volume of work and they have a choice between all three ways. Let’s take a brief look at their advantages and disadvantages.

You hired a staff accountant.

The ideal situation for any organization is the presence in the professional, competent and loyal to the Chief Accountant, which does not require for their work of high wages, implementing management accounting .. If you find such a person, then you can be sure of your business. However, make sure that you have found just such a person could only after a certain time before the tax audit. If you made a mistake in the selection, then after the tax audit will feel it in the form of penalties, because the Labor Code does not allow them to shift to the accountant. The magnitude of these sanctions will be directly proportional to the magnitude of your mistakes.

You took up bookkeeping yourself

Part of the above problems is removed automatically if you took up bookkeeping yourself. But there are two additional problems. First - this requires special knowledge and experience. Otherwise the consequences will be even more severe than in the case where an accountant provides bookkeeping with low skills. Second - this time you'll spend on bookkeeping

You entrusted the bookkeeping to a specialized company

In our country receives development of such a service as bookkeeping of small businesses specialized firms: accounting and auditing, which is based on the treaties. If you are instructed bookkeeping specialist company, the technology of interaction often follows. The accounting company learns your business, determine the amount of work that must be performed to carry out maintenance of accounting, negotiates the cost of accounting services, which in most cases is less than the cost of a qualified chief accountant and the cost of providing its normal work, including computers, software and all kinds of consumables. Then the contract is for accounting services. Your task is the transfer of an accounting firm within a specified period of primary accounting documents, the signing of financial statements and tax returns. An important advantage when conducting accounting mandated accounting firm is the ability to attract a company to civil liability, if you lose money on its own fault. But in any case, as in the coin has two sides. Disadvantages include lower efficiency in making decisions when required for its adoption consultations on accounting issues.

Thus, each of the considered methods of accounting has its own advantages and disadvantages. What is the method of accounting is most acceptable to you, who entrust accounting - you decide. But we hope that this article is at least partly to help you make the right choice.


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