Setting up a company requires the structured organization and management of numerous tasks. In addition to the business plan and clarifying the financing of the company, you must also address the question of who should take care of your accounting in a timely manner.
If you are self-employed, you should record all expenses and income so that you can always provide information about them. All self-employed persons are required to do so by law, regardless of the amount of income or the size of the company. This obligation exists, in particular, due to the taxation of income. However, despite this obligation, correct and thorough bookkeeping is also essential for you as an entrepreneur in order to maintain an overview of the finances and the business. Proper bookkeeping is also necessary for investment and liquidity planning. Only if you know your exact financial situation will you be able to make sound decisions, e.g. on investments.
When planning your business, you should already determine who you will hire to do your bookkeeping. It is important that your books are always up to date. Under no circumstances should receipts be lost. In addition, you should not lose sight of your bookkeeping. The question therefore arises as to whether you want to do your bookkeeping yourself or whether it is better to leave this activity to a professional. The following options are available to young entrepreneurs:
For financial reasons, start-ups prefer to take care of the bookkeeping themselves. This is an additional effort for you that should not be underestimated, even if the bookkeeping is not yet as extensive as in an established company. However, this solution is often cost-effective for your company. In addition, it keeps track of the company's finances. Moreover, in this way, you accumulate experience and do not have to rely blindly on a specialist. To make the complex work easier for you, you can use a software solution with which you can keep your accounts quickly, easily and efficiently. This offers you the great advantage that the data is exclusively yours and you can access it at any time. This means that you do not have to wait for your service provider to send you the evaluations.
If you have decided to hire an accountant to do your bookkeeping, all you have to do is to collect and classify your receipts. The tax advisor will then check the completeness of your documents and send you regular evaluations of developments and figures and inform you in time of filing deadlines.
Not all companies find it useful to completely outsource internal and external accounting. Fortunately, there are a variety of outsourcing solutions that can flexibly deliver tax advisors and accountants.
You can outsource the following areas of accounting:
Evaluation of the company
Advance sales tax return
Before deciding on an accounting service provider, you should define your own quality criteria. In any case, you should pay attention to these key facts:
Accounting is an ongoing issue throughout the life cycle of a company. In our experience, you should consider outsourcing your accounting if you find yourself in the following situations:
Not only an important component in existing businesses, but also in start-ups, the careful establishment and maintenance of accounting records is essential.
Accurate and continuous accounting is essential for the preparation of sound and accurate financial statements. Accurate accounting is essential for stakeholders, such as banks, investors and the State, as it serves as a reliable source of information.
You develop your tailor-made concept for outsourcing your accounting together with our trustees. You decide how much time you want to spend on accounting and which tasks you want to outsource to us. As a Findea client, you benefit from our expertise in all accounting matters.
Having accounting under control is an important aspect of a company's success. Our specialists support you in a wide range of accounting tasks. We offer you the following services:
Plan, establish and manage your accounting
Preparation of annual financial statements
Assistance and follow-up of the accounting performed
Maintenance of the accounting system in place
On request, we take care of all payroll accounting and send you the complete payslips afterwards. If necessary, our experts will take care of the complete communication with the authorities and social insurances.