We list below 4 steps on how a Consultant Accountant as seen on www.lewis.cpa can correct your company’s management problems:
1 – Diagnosis
Collect information about all processes and then prepare a diagnostic report and recommendations for improvement, defining the goal, method, and metric.
2 – Modeling
Redefine the processes flow to ensure that all activities are carried out correctly, by competent people, and using sufficient resources.
3 – Implementation
Empower people so that they put into practice the actions that were agreed upon.
4 – Monitoring
Finally, it is essential to measure, monitor, and improve the process. Assess performance indicators to ensure that the results achieved align with the goals defined in the diagnosis stage. Hiring the service of an accountant is an important decision and must be subject to the company’s strategic vision. The ideal accounting professional is connected with the dynamics of the 21st century, more flexible, interdisciplinary, and focused on the value of sustainability in all themes and sectors.
What Are The Risks Of Not Having An Accountant?
Except for the Individual Micro entrepreneur, companies must have an accounting department to provide advice on tax and accounting matters. In addition, the main risk of not having an accountant is having to face bureaucracy alone, with a high chance of making mistakes and, as a consequence, paying fines.
And for you to better understand what we are talking about; the risks range from forgetting to pay a tax to paying taxes beyond what is necessary and still having losses with it.
There’s no point in having an open company if you, as an entrepreneur, don’t have the support of an accountant to assist in your business’s accounting, tax, and financial organization. It is necessary to understand that the accountant will positively contribute to your business, and therefore the professional must be seen as a strategic partner.
And contrary to what you might imagine, by hiring an accountant, you will also be investing in your time, after all, you are reducing risks, and you will have more time to focus on what matters.
Keep in mind that your company must act legally, and for that, the accountant will give instructions to act with transparency and always within the law. Therefore, before hiring an accountant, it is essential to make assessments so that the company does not have losses after the decision.