Not every company can afford such a position as chief accountant in its state. In addition, an experienced and well-versed accountant is quite expensive. In this case, many enterprises choose the way of transferring responsibilities. We are talking about outsourcing the services of the chief accountant, which is gaining popularity in Australia.
Why is it so important?
The culture of outsourcing or third-party support came to us from the West, where about 80% of enterprises operate according to this scheme. Instead of keeping the accounting department on staff, its functions are transferred to a tax and accounting company. Thus, costs are minimized, because the cost of outsourcing services is much lower than the total costs for wages, bonuses, training, workplace maintenance, etc.
visit us: BAS Agent Services in Australia
For comparison: the average salary of a good chief accountant in Melbourne is 20 thousand dollars, plus the same amount for personal income tax, contributions, and current expenses. Whereas the cost of outsourcing services starts from 15,000 dollars per month!
The conclusion is simple: when the turnover of documents in a company is small, there is no need to keep a chief accountant on staff. About 98% of small businesses simply cannot afford it, because the costs are tangible even for the budgets of large companies.
How does the outsourcing of the chief accountant work?
Companies such as Capital Tax Consulting employ qualified and well-paid specialists. They undergo a rigorous selection and acquire practical skills in working. With all relevant taxation systems (UTII, OSN, Patent), 1C system, and Trade Management. If the client decides to outsource the primary documentation and report to the chief accountant, he receives a dedicated specialist. which undertakes:
- Control the accounting department, including other specialists and assistants at the enterprise;
- Processing incoming primary documentation, even if employees have already passed it – verification will not hurt;
- Enter the primary for incoming services and goods sold in 1C;
- Maintain payroll and personnel records;
- Optimize tax accounting;
- Prepare and submit all forms of reporting;
- Provide advice on accounting issues at any time in a remote format.
Your outsourced chief accountant will always be in touch via convenient messages: phone, skype, or e-mail. The cost of outsourcing services depends on the annual turnover of the company. While it is not affected by changes in the number of transactions or documents!
Additional Benefits
You may already have some questions. For example, is it so convenient to keep the chief accountant at a distance, for example, in terms of document flow? In practice, you will make sure that the system is adjusted and there are no failures. The client gets the opportunity to use the services of courier delivery for the collection of documents. As for electronic reporting, the 1C program is even easier to work remotely.
Read More: DEPRECIATION OF FIXED ASSETS
It is not necessary to put at risk when checking the state of tax and accounting. Cooperation with the “Capital Tax Advice” will bring you benefits and full confidence that the entire document flow is under control. Ask other questions to our specialists for free and right now, if you have any!
Read Other: Here are some tips to keep in mind when doing small business accounting.
