FREQUENTLY ASKED QUESTIONS
When should I contact an accountant?
As soon as you start to think about your business, an accountant can help you take the next steps. We can discuss your business's organization, tax purposes and operations, along with target pricing and profit margins.
How can I know which accountant is right for me?
Does your accountant return your calls? Do you feel comfortable asking them a question? Do you feel heard? With the right accountant, the answers should be a resounding "Yes!"
What are the benefits of accounting?
Accurate, timely and periodic accounting is a life line for any healthy organization. Accounting helps the organization to know about its performance in terms of revenue, expenditure and profit. Day to day position of cash & fund flow, bank balances assures the liquidity of the company and going concern. Accounting helps in auditing the books at the end of the year and helps to bid for tenders, business expansion, valuation, bank facilities and growth.
Every business entity looks for profit maximization and accounting gives the insight to the redundant costs which can be eliminated.
For example, stock accounting can reveal the obsolete stock which does not have value, which occupies the costly space and adds up handling charges. Analysis of direct and indirect costs and overheads can throw out the costs which are unnecessary and hidden and which could be eliminated.
Why maintain books of accounts in digital format?
Digitization of Accounting helps to reduce process time and errors, improves transparency on income, it also helps us to make better decisions about business performance and make an organization more competitive.
