Many entrepreneurs and freelancers assume that filing accounting is only worthwhile for large, established entrepreneurs. Unfortunately, this is not true. Especially start-ups and SMEs are heavily burdened by the effort and costs of internal bookkeeping. Below you will find three arguments for submitting your bookkeeping.
If you're an accounting layperson or a self-taught bookkeeper, you'll quickly realize that in-house accounting can become a real time-eater. Sure, you're missing the routine. As a result, you or your employees have to spend a lot of time constantly familiarizing yourselves with complex financial and tax issues.
Based on our observations, self-taught booking can be inefficient and also harbors dangers. Posting errors, missing receipts or lack of procedural documentation can lead to high fines if the tax office investigates.
Proper record keeping and documentation requirements can mean increased salaries for in-house accountants. Finding good professional staff is not only difficult, but can also be very expensive. Especially when you are a young company, hiring new staff can quickly become a financial challenge.
Young entrepreneurs often forget that hiring their own accountant is not only about salary costs, but also about creating a suitable workplace. The accounting software must meet the requirements of the in-house accountant and licenses for regular use are required.
Your in-house accountant must always be up to date with the latest case law. To do this, you will need to budget for additional education and training costs. You also need to budget for the cost of educational materials.
The biggest advantage of outsourced accounting is the simplicity of monthly budgeting of your costs. With our accounting packages we offer a tailor-made offer for every need.
Accounting for transactions (financial accounting)
Accounting for revenues and expenses
Payroll processing (payroll accounting)
Preparation of monthly and annual financial statements
Accounting for accounts receivable or payable
Completion of tax returns
A complete multidisciplinary team will advise you in the creation of your company in one day, so that you can start it with harmony and professionalism.