What does an accountant do and why do you need one in your business?
Posted: Mon Jan 06, 2025 10:30 am
Keeping your business's accounts is the main function that comes to mind when you think about what an accountant does , but there are other activities with which this professional adds value to your business and here we tell you what they are.
Sometimes it seems like we turn to an accountant when an annual tax return is approaching or we receive a notification from the tax agency, but the reality is that their involvement is relevant because they are responsible for the financial information of a business . In other words, their thing is numbers and money.
An accountant has the technical and legal knowledge to keep track of a company's financial and accounting activity . So, if you are starting a business and you don't know if you should hire the services of an accountant, we recommend that you do so now.
In this article we will tell you why you phone library should turn to this professional – whether by hiring him directly or through an external firm – and what value he adds to your business.
What is an accountant?
As the name suggests, an accountant is the person who handles a company's accounting . This involves preparing all kinds of financial documents such as tax returns and balance sheets .
In addition, they audit the accounting books and, in short, are responsible for presenting all the financial information of a business in a complete and accurate manner, including tax returns and payments .
People often make the mistake of thinking that accounting doesn't have the glamour of other professions, but the truth is that accountants are the unsung heroes you turn to when, for example, the Treasury is planning to audit you.
We also love them when, in April of each year, the tax authority asks us to pay our taxes, and these professionals use their knowledge to show that just as we receive income, we also have expenses.
In any company, proper money management is key to good financial health . But this need is even greater in a small business or SME, where cash flow management is key to ensuring good operations.
tip: In a topic as delicate as managing a company's financial statements or the accounting information for an annual period, we do not recommend applying the "do it yourself" motto.
Sometimes it seems like we turn to an accountant when an annual tax return is approaching or we receive a notification from the tax agency, but the reality is that their involvement is relevant because they are responsible for the financial information of a business . In other words, their thing is numbers and money.
An accountant has the technical and legal knowledge to keep track of a company's financial and accounting activity . So, if you are starting a business and you don't know if you should hire the services of an accountant, we recommend that you do so now.
In this article we will tell you why you phone library should turn to this professional – whether by hiring him directly or through an external firm – and what value he adds to your business.
What is an accountant?
As the name suggests, an accountant is the person who handles a company's accounting . This involves preparing all kinds of financial documents such as tax returns and balance sheets .
In addition, they audit the accounting books and, in short, are responsible for presenting all the financial information of a business in a complete and accurate manner, including tax returns and payments .
People often make the mistake of thinking that accounting doesn't have the glamour of other professions, but the truth is that accountants are the unsung heroes you turn to when, for example, the Treasury is planning to audit you.
We also love them when, in April of each year, the tax authority asks us to pay our taxes, and these professionals use their knowledge to show that just as we receive income, we also have expenses.
In any company, proper money management is key to good financial health . But this need is even greater in a small business or SME, where cash flow management is key to ensuring good operations.
tip: In a topic as delicate as managing a company's financial statements or the accounting information for an annual period, we do not recommend applying the "do it yourself" motto.