Accounting should be used to guide decision-making. Therefore, it must be truthfully and timely elaborated.
Accounting management is the basis of financial information, and should serve the company’s management for decision-making. Nowadays, accounting must be perfectly updated and available for such decision-makers. Businesses cannot run properly if their accounting information is not up to date.
Accounting does not only consist in recording the successive sale and purchase transactions carried out by a company. There are many additional transactions that are based on estimates or value judgments, in which the role of an expert in financial information is paramount to reflect reality, as they must also be included in the company’s accounting, so it can be complete.
On the other hand, accounting is the basis of taxation within a company. Therefore, it is essential that the accounting reflects the reality of the company’s situation, and that transactions with tax incidence are properly recorded. All this is aimed at guaranteeing that the subsequent fiscal management is correct, efficiently obtained, and within the appropriate deadlines.
Flawed accounting – with lacking details – or incorrectly managed accounting, heightens the risk that the corresponding tax statements contain errors, report differences, show no reconciliation, etc., and that there are incorrect tax settlements, with the consequent risk of a fiscal inspection.
Our team of professionals in accounting management designs the most appropriate procedure to keep your company’s accounting, based on the documentation generated by itself. We have a cutting-edge application in the market for accounting management, conveniently linked to fiscal management, so that the accounting and fiscal management process is much more efficient.
We perform the periodic monthly closings sticking to the format that the company may require so that accounting actually serves to make decisions. We have the necessary breakdowns to prepare an analytical accounting so that the reports submitted are adapted to your needs, and provide as much information as possible according to your cost centres, offices, products, services…
Along with monthly reports, the accounting management includes the deposit of the official accounting books, which, according to mercantile regulations, must be registered in the Mercantile Registry corresponding to the company’s registered office, as well as the preparation of the annual accounts in whatever format required. Both normal annual accounts and abbreviated annual accounts, including the necessary statuses according to each specific case:
- Balance sheet.
- Profit and loss account.
- Statement of changes in net equity.
- Statement of cash flows.
- Annual report.
Our work in this field encompasses the whole process, including the delivery of the annual accounts in the Mercantile Registry, once approved by the General Board.