Accounting Near Me

An accountant is involved in structuring, arranging and managing a company's finances. A company's financial listing involves, among other things, vouchers, annual financial statements, balance sheets and income statements and a monthly report.

The accountant uses materials such as payment information, vouchers, balances, payment notices and payment notices to structure all information in a regular and planned order. The accounting is usually done jointly with a company's accounts.

The accounting work is about the information about a company's financial position and results (ie the accounting) being reported and compiled. If you have a company, it can be a great advantage to take the help of an accountant, as all financial organizations, limited companies and trading companies have an obligation to keep accounts.

There are many places that can be engaged by your accounting. If you need to borrow money to invest in your business, it is important for your bank to make sure your finances are secure. The UK Tax Agency and various suppliers are also interested in your information on earnings and possible dots. Of course, you as an entrepreneur can handle your accounting personally, as there are some minor advantages to this compared to hiring a professional accounting expert. This applies to you who have a great interest and a lot of time left over for paperwork and administration.

If you like to have a full overview of your business' business position and want to save on your expenses, it can also be an idea to handle this work yourself. However, you must consider that it is important to have knowledge of the various regulations and standards that apply in the subject of financial accounting. Therefore, it can be of great importance to hire an accountant who is aware of all this, including the Income Tax Act, the VAT Tax Act and the tax consequences of various business events. By business, event is meant a financial transaction that has another party and that affects the financial status of your company. The transaction is counted as a business event if it can be registered and is usually a replacement, sale or a subscription of a loan.

Please note that all accounting documents concerning the company's finances, such as agreements, accounting books and USB sticks, must be kept intact for ten years. It is worth pointing out that you can also have great help from a correct and well-structured accounting when it comes to setting goals for your business. With clear overviews and fact statements, it is easier to establish a business plan and estimate and work towards a specific financial calculation.

he accounting reconstructions are those operations aimed at reconstructing the data contained in the accounting statements that are part of the financial statements, that is, the data contained in the balance sheet and income statement of a company. These accounting reconstructions are necessary in the event, for example, of bankruptcy or bankruptcy of the company.
The state of insolvency produced by a bankruptcy situation, which must be certified by a bankruptcy court, and which consists in the inability of the entrepreneur to honor the commitments made both in terms of normal payments and as regards the obligations at set deadlines, can be further aggravated by a fraudulent action bankruptcy.

Failure involves one insolvency procedure which, through the necessary accounting reconstructions, allows to identify all creditors, who are in an equal position unless there are pre-emptions such as pledges or mortgages. Accounting reconstructions thus serve to ensure that all creditors see their economic entitlement resolved; an amount that the entrepreneur in a state of insolvency is no longer able to satisfy.
Payments take place after the bankruptcy trustee proceeds with the liquidation of the bankruptcy assets and the subsequent distribution of the residual assets.

The accounting reconstructions they are fundamental in these delicate processes, as the entrepreneur can also maliciously steal part of the assets, thus invalidating the possibility of creditors being compensated.
If this operation takes place, which can only be identified through a correct accounting reconstruction, the crime of bankruptcy is configured. In turn, bankruptcy can be classified as fraudulent, when there has been conscience and willingness to commit willful misconduct, or simple bankruptcy, that is, when the damage was committed through recklessness, negligence or inexperience. In any case, the accounting reconstruction of the company's financial statements establishes the characteristics of the bankruptcy.

However, there may also be cases in which the entrepreneur, in order to avoid the vision of the accounting records and the related accounting reconstruction operation, destroy all documents in its possession, steal or falsify them. Conduct that prevents creditors from being able to exercise their rights, and which is considered a crime and punished on the basis of Article 10 of Legislative Decree 74 of 2000.

Find the Accounting Reconstruction professional Near you

The organized accounting of a company – also called financial or external accounting – implies the control of all daily operations, namely purchases, sales, expenses, investments, etc. The accountant (or TOC) must record, analyze, classify and summarize these operations, working the related information with highly aggregated financial data, which reveal the financial situation of a company as a whole. You must therefore be 100% aware of the company's organized accounting. The recipients of the registration and communication of this economic and financial information are persons and external entities with an interest in the company, namely owners, partners and/or shareholders, creditors (suppliers, banks, etc.), as well as regulatory and tax authorities . Thus, the main objective of organized accounting is to communicate to these entities, in a summary way, the company's financial performance and results formation. In this case, so that the interpretation of data and its comparison with other entities is possible, the accounting activities of organized accounting are regulated with specific rules defined by the government authorities, which makes it objective, consistent and precise. In Near You, these rules are established through the SNC (Accounting Standardization System), which transposes the International Accounting Standards (NIC) approved by the European Union to Near You.

And what is different from management accounting?

The recipients of management accounting information – also known as cost accounting or internal accounting – are not the same as in organized accounting. In this case, it is the responsibility of accountants to provide information on the financial position and on the formation of results to the people within the organization who direct and control its operation, namely functional, executive and senior managers, as well as consultants, whenever applicable. Consequently, accounting activities are less subject to external rules, and the information systems and criteria for their execution are defined internally, in accordance with the company's strategic and operational needs. Consequently, this type of service is more subjective and subject to different interpretations, although it is also more relevant for management.

Hiring an accounting firm has several advantages

By hiring an accounting firm instead of opting for a full-time professional, you will be able to adjust the investment you make in this service, taking into account the different stages of your company's growth. Besides, you only have to pay for the services that you negotiate with the accounting office, not having to worry about financial software costs, for example. If you have little accounting knowledge, you may have difficulty selecting the perfect candidate. By choosing to hire a good accounting firm, you are sure to have qualified and experienced professionals. To help with this selection, you can count on Near Me, a platform where you have at your disposal several companies specialized in working in an accounting office, and where you can find out about the services they offer before requesting a free quote.

Make the most of your time by hiring an accounting firm

By relying on an accounting firm, you will be able to make better use of your time. Hire an expert to handle the most time-consuming accounting office tasks and stop worrying about this problem. Get more free time to devote to generating more revenue for your company. And if you choose to hire more qualified professionals for your company, at Near Me you will find several professionals in different business areas.