The profession of a chartered accountant has grown considerably, and, in this sense, it is essential to surround yourself with competent people in this field for impeccable advice.
Today, an accounting firm has a pool of knowledge depending on the specificity of the profession.
The technical part of the accountant’s job is accounting (tax and social declarations, preparation of accounting statements, balance sheets, income statements), however, this is no longer its primary mission today.
Often, the chartered accountant has the double hat of the expert and the auditor. The role of the chartered accountant is to audit the accounts of certain companies to certify the regularity and accuracy of the elements checked, without interfering in the management of the company.
The chartered accountant has a few “classic” missions and here is a summary of them:
Accounting review, balance sheet production
Companies have a legal obligation to monitor accounts. This consists of monitoring the inflows and outflows of money. This monitoring is governed by fairly strict rules. The first role of the accountant is therefore to ensure the accounting monitoring of the activity on behalf of its clients. He must also carry out the annual accounting work such as preparing the balance sheet and income statement.
Payroll and social security declarations
In business life, payroll and social declarations are part of the profession. They consist of establishing payslips as well as related social declarations. The chartered accountant is responsible for it from an administrative and economic point of view. This is also valid for social events, especially entries as well as exits of personnel, about the balance of any account.
Statutory auditor
It is a mission that consists in carrying out a legal audit for the company. The auditor authenticates the published accounts and ensures that they are a true image of the financial situation of the company as well as its assets.
It leads the manager to ask himself questions about the risks as well as the procedures that need to be put in place.
Accompaniment during the major stages of the life of a company
By using the services of a chartered accountant, the company can compensate for a lack of internal resources to have advice and expertise in complex areas. During the creation of a company, its development, and also when it is time to transmit/dissolve it, a chartered accountant stands alongside the entrepreneur.
The chartered accountant is the privileged interlocutor of the business manager. In addition to his accounting mission, he advises the manager on the management of his company.
They are versatile and have a range of solid knowledge to respond to all the problems that a business manager encounters throughout the life of his company, from the creation to the sale of shares. In particular, a chartered accountant supports the managers in financial management, formation of strategies, and dealing with social, legal, and tax issues.
This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. AKGVG & Associates does not intend to advertise its services through this.