Let’s begin with the most frequent questions – who should take care of book-keeping? Should we hire general accountant or look for the company to provide us with book-keeping service? Which way is more reliable and beneficial?
We think that there are two ways to take care of book-keeping:
Hiring general accountant
• Setting up a workplace, buying accounting software
• Social security payments
• Rotation of human resources, illness, holidays, etc.
• Expenses for employee’s qualification improvement
Hiring a company
• You will not have a workplace set up expenses (pc, software, daily office expenses, etc.)
• You will avoid expenses for employee’s qualification improvements (seminars, training)
• There will not be any problems because of human resources rotation, general accountant’s illness or holidays
• There will be no need to worry about the mistakes that accountant may do, because the company will take full
responsibility for it’s actions.
Both ways have their own advantages and disadvantages. Everyone should decide individually which way is more
reasonable. Constant changing of legal statements, their difficulty and complicated treatment makes book-keeping risky and requires high qualification.
Achieving high level of accountancy organization is a very important condition of successful business.