- User authentication – two-step authentication for logins and transactions ensure that with the use of 2 personal devices only can you access the account.
- Data encryption – industry-level encryption services ensure that information is delivered and translated to correct areas only.
- Network security and data center – economies of scale allow a much higher level of infrastructure and the security that runs within it. This can offer governmental levels of security at a fraction of the price.
Accounting and Bookkeeping
9 KEY POINTS TO BECOMING A PROACTIVE ACCOUNTANT
As a business owner, we often feel if we had that something extra, something better and something clearer to make an informed decision. And that ‘SOMETHING’ often depends on the proactive approach from your Accountant. As a business owner and as a Chartered Accountant, I understand the limitations that we come across at both ends.
Our profession advocates constant training to be provided not only for technical aspects but also for strong interpersonal skills, organisational competence, and intellectual ability. So what are these characteristics? What makes someone stand out?
Here are 9 points that I think are important to understand the responsibility of a Proactive Accountant:
1. Stay updated all the time
Accountants must constantly stay up to date with the profession. Attending refreshers, going to conferences/ seminars, and in-house training is a must. Technological advancements are also evolving at a furious pace, so these also must be kept up with. Continual personal development is a must, not an option!
2. Story behind the numbers: The Bigger Picture
Providing a data-generated report is easy. Staying on top of all the figures and paperwork is more important. At the very least, they need to understand where these numbers are coming from and what does it mean for the business. Good accountants will have a much shorter list of targeted questions that are developed specifically to aid their understanding which allows them to focus on the big picture.
3. Importance of Time
Every business needs management reports at regular intervals, if not in real-time. If these reports come after 2 months, it is like a post-mortem report – you can read through it but cannot change anything.
4. Inter-dependability and Accountability at each level
It is important to make every effort to do the right thing. Every process in an organisation is linked to Accounts Department somehow. Accountants need to have exceptionally well people skills as they typically work in coordination with different departments within an organisation. They have the opportunity to work with different types of professionals and personalities. Therefore, they are required to be generous with what they know, sensitive to others’ needs, and supportive of their team’s goals. We all succeed when we work together as a Team.
5. Decision making, critical reasoning & analytical ability
Business owners want their accountants to be strong and helpful in decision-making; however, decision-making can be hard. There is always a tendency to put off decisions by procrastinating and concluding that you need more information, only to later conclude that you need even more information. A good accountant should always determine what is relevant and what is not.
6. Trust factor
The information that accountants work with is highly confidential in nature. This is why trust and professionalism are important traits that they must always abide by. Not only is this the right and ethical way to go about their businesses, but having a reputation for trustworthiness will win plaudits in the long run. I firmly believe that we trade on our knowledge and ability, but we only get these opportunities by demonstrating our commitment to client confidentiality.
7. Solutions seekers, not fault finders
Great leaders have the desire to help others succeed. Don’t find faults in the system; find a solution that helps the organisation to overcome an obstacle. Leadership characteristics can be taught, but leadership must be exhibited day in and day out.
8. Commitment
Companies are looking for motivated, dedicated individuals for long-term employment. There is no short-term solution, neither for business owners nor for accountants.
9. Enjoy what you do
This last one might appear strange, but I firmly believe that we all need to enjoy what we are doing. There is no fun in a 9-6 job unless you have a good working environment, surrounded by people who are happy and joyful. Work takes up so much of our time, and it is my opinion that mere monetary rewards will not keep someone in a career they do not enjoy. Whilst no one should expect to be smiling all day, every day, it is important we have some fun along the way.
The characteristics of a proactive accountant start with the basics of sound technical ability and a solid ethical foundation. These are considered as a baseline, and the Accountant needs to grow beyond the “rules and regulations” mind-set of our profession. Attaining and maintaining the characteristics mentioned above require a personal commitment but are crucial to the accountant’s long-term success. Have you got what it takes to be a good accountant?
How Much Does An Accountant Cost In Dubai?
The recent changes in the business world in the UAE, particularly the introduction in VAT, have seen significantly increased demand for accountancy services. Until recently, many small and medium businesses may not have had their financial statements professionally compiled or audited, whereas newer regulations have made this a necessity rather than something that was done for a secondary purpose (applying for financing, for example).
This has, in turn, led to many more business owners and senior managers needing to ask how much these services will cost, and, as is often the case, there isn’t a simple answer.
Rather than try and pick an arbitrary number out of thin air, this article aims to highlight the factors that will impact the cost of accounting and bookkeeping services to help you when making the decision that fits your organisation.
The Scope of Work:
Perhaps the most obvious consideration relates to what type of accountancy you need to be taken care of. This might be registering your company with the FTA for VAT or filing a VAT return. It could be a far broader requirement, such as accounting consultancy or even full-time bookkeeping. This might be an in-house dedicated service or, as is often more appropriate and financially viable, outsourced bookkeeping. To make sure you get the quality of service you require, have a look at testimonials and client comments and consider who your competitors and clients are using for their accounting needs. Most importantly, check that the potential accounting service you are considering is experienced and qualified to handle the type of service you will be paying for.
The Scale of Work:
It goes without saying that handling the books of a multinational corporation is going to have a different cost associated than looking after the accounts of a sole proprietor. Also, consider the complexity of the industry you are involved in. Large-scale construction with multiple sub-contractors and projects spanning multiple financial years are going to have complicated requirements. They may have phased payments agreements and trigger milestones that will require extensive, if not specific, specialist skills and experience compared to a retail outlet, for example. One may require a full-time team of accountants, whereas the other may need part-time assistance, for which the costs are going to be relative.
Sheer Numbers:
Should the gross turnover alone be a factor in determining the cost of accountancy services? This is an interesting question on the surface. It may appear that the amount of chargeable work is the same for an organisation turning over $100 million with 100 transactions compared to another turning over $1 million from 100 transactions. In reality, this is not usually the case, and higher gross numbers, more often than not, will demand a higher fee. There will be different levels of responsibility and risk involved, and making sure your chosen accounting professionals have the relevant experience and confidence with high-value transactions is going to be vital for your own peace of mind.
Employee or Outsource:
This is one area where you are likely to see significant variation in costs. Having an in-house accountant will incur a salary relative to the experience and skills of the employee. Add to that visa costs, medical insurance, and holiday cover, and you will have a fixed and determined cost. Outsourcing, provided you have selected the right partner, is likely to represent a lower overall cost almost by default. Consider also that you may well have a team working on your accounts with broader skillsets and combined experience. You could well be getting considerably more bang for your buck if paying for the time they are dedicated to your books rather than for a full working day, week, month, or year.
So How Much?
When push comes to shove, you are going to get broadly what you pay for, and cheap is rarely the best, and the best is rarely cheap. The important thing to ensure is that you are getting great value and the best service for the cost.
Why not speak to the team at Affinax and let them guide you on what services they can provide and how much value they can deliver for you.
What is the Cost of Outsourcing the Accounting and Finance Function / Department?
Understanding the cost of outsourcing can be confusing. In a field where there are so many options, it is difficult to determine the cost of the accounts and what actually defines this outgoing. Here are six factors that can help you determine the cost of an accountant and why.
1) Transactions
On a pure labor cost basis, the number of transactions your business conducts will dictate a portion of the price with an accountancy firm. Quite simply, if your business conducts a few transactions throughout the year, it will cost less than a business that has thousands of transactions.
An important role of an accountant is to account for the business incomings and outgoings on an accrual basis. This shows you, and others, what financial transactions have occurred, how, and where?
2) Total Revenues
Much like the number of transactions, the value of transactions and, therefore, revenue will have an impact on the cost. Large transactions can often be more complex, but more importantly, they carry risks.
It is vital to ensure that if your business is conducting high-value transactions, the outsourced accountancy firm has the capability and experience to align with your business. This can come with a price.
3) Complexity of Business
An accountant’s cost is also affected by the complexity of your business. A single office in a single location will have a very different price to the one that is read across several jurisdictions, for instance. The makeup of a business complexity can follow a few guidelines:-
- Entities:
- How many entities does your company have?
- Is it a single company dealing only with customers, or is it a holding company with many entities serving different functions below?
- Jurisdictions:
- Where are the business (es) based?
- What activities are they carrying out?
- Is your business based locally, regionally, globally, or offshore?
- Bank Accounts:
- How many bank accounts are to be served?
- The number and type of transactions will be monitored.
- d) Business Model: Various businesses have inherent complications. A single-owned proprietorship conducting consultancy services will be much simpler compared to a contracting business having continuous contracting services.
4) International Accounting Standards
An accountant’s cost can also change based on their ability to conform to International Best Practices. It is important here to align your business with your accountant. An accountancy firm is only as good as its employees, and often they would have gained their certifications from abroad first. What is the make-up of the company, and to what best practices do they adhere? A big four company will cost you more but has the strength to back and certify your accounts to global standards. Do you need the auditing power of a big four company, or will a base-level to international mid-tier group perform the task effectively?
5) Analytical And Management Support
If you cannot measure something, how can you improve? It is very important to ensure that your accounting firm can give you the reports you need. These vary from business to business and from C-level to C-level. Everyone wants something different based on what is important to them.
The difference in cost can also change with this factor. Many low to mid-tier firms will not have the ability to customize reports for your business. They will use accounting software and will pull out reports in that standard. The more effective firms will tailor it to exactly what you need.
However, the cost of getting the exact figure you need can be outweighed by its significance to your business. Getting improper or ineffective reports can affect your decision-making ability and the future of your business.
6) Experience
When choosing an accounting firm in the UAE, you must understand the experience of that company. Aligning your company, its jurisdiction, and its activity to the skill set of the accountant is vital.
Hoe kies je de beste online goksite in Nederland?
Online gokken is een populaire vorm van entertainment in Nederland, maar met zoveel verschillende online goksites om uit te kiezen, kan het overweldigend zijn om de beste optie te vinden. In dit artikel zullen we bespreken hoe je de beste online goksite kunt kiezen die voldoet aan jouw behoeften en voorkeuren. Of je nu een beginnende speler bent of een doorgewinterde gokker, er zijn verschillende factoren waarmee je rekening moet houden bij het selecteren van een online casino.
We zullen ingaan op belangrijke aspecten zoals licenties, spelaanbod, bonussen, betaalmethoden en klantenservice om je te helpen een weloverwogen keuze te maken. Kan je vertrouwen op de veiligheid en betrouwbaarheid van een online goksite? Welke spellen worden aangeboden en zijn er aantrekkelijke bonussen beschikbaar? Door deze vragen te beantwoorden, zul je beter in staat zijn om de beste online goksite te kiezen die aansluit bij jouw wensen en die een veilige en plezierige speelervaring biedt.
Belangrijke factoren om te overwegen bij het kiezen van een online goksite
Als je op zoek bent naar de beste online goksite in Nederland, zijn er enkele belangrijke factoren om te overwegen. Ten eerste is het essentieel om te controleren of de goksite een vergunning heeft van de Nederlandse Kansspelautoriteit (KSA). Dit zorgt voor een veilige en betrouwbare spelomgeving. Daarnaast is het verstandig om te kijken naar de gebruiksvriendelijkheid van de website, de beschikbare betaalmethoden en de klantenservice.
Een handige tip is om online recensies en beoordelingen van andere spelers te raadplegen. Op die manier krijg je een goed beeld van de reputatie en betrouwbaarheid van de goksite. Bovendien is het verstandig om te letten op bonussen en promoties die worden aangeboden. Deze kunnen je extra waarde en speelplezier bieden. Wil je meer informatie over de beste online goksites in Nederland? Bezoek dan https://winstwijzer.com/ voor deskundige reviews en aanbevelingen.
Door aandacht te besteden aan bovenstaande punten en goed onderzoek te doen, kun je de beste online goksite vinden die aansluit bij jouw wensen en behoeften. Vergeet niet om verantwoord te spelen en alleen met geld te gokken dat je kunt missen. Met de juiste aanpak en informatie kun je genieten van een veilige en plezierige gokervaring online.
Veiligheid en betrouwbaarheid: Essentiële criteria voor online gokken
Online gokken is populair in Nederland, maar het kiezen van de beste goksite kan een uitdaging zijn. Een belangrijke factor om te overwegen is de licentie van de goksite. In Nederland moeten online goksites een vergunning van de Kansspelautoriteit hebben om legaal te opereren. Controleer of de goksite een geldige licentie heeft om ervoor te zorgen dat je beschermd bent als speler.
Een ander aspect om te overwegen bij het kiezen van een online goksite is het spelaanbod. Kijk naar welke spellen de goksite aanbiedt en of deze aansluiten bij jouw voorkeuren. Of je nu van slots, tafelspellen of live casinogames houdt, zorg ervoor dat de goksite een gevarieerd aanbod heeft dat aan jouw wensen voldoet.
Betrouwbaarheid en klantenservice zijn ook essentiële factoren bij het kiezen van de beste online goksite. Controleer de reputatie van de goksite door recensies te lezen en te kijken naar de ervaringen van andere spelers. Daarnaast is het belangrijk om te controleren of de klantenservice van de goksite gemakkelijk te bereiken is en adequaat reageert op vragen en problemen.
Tot slot is het verstandig om te kijken naar bonussen en promoties die worden aangeboden door online goksites. Veel goksites bieden aantrekkelijke welkomstbonussen en lopende promoties aan om spelers aan te trekken en te behouden. Vergelijk de bonussen van verschillende goksites en kies degene die de beste waarde biedt en voldoet aan jouw behoeften als speler.
Het belang van bonussen en promoties bij het selecteren van een goksite
Als je op zoek bent naar de beste online goksite in Nederland, zijn er verschillende factoren waarmee je rekening moet houden om een weloverwogen keuze te maken. Ten eerste is het belangrijk om te controleren of de goksite een geldige vergunning heeft van de Kansspelautoriteit. Dit zorgt voor een veilige en betrouwbare speelomgeving. Daarnaast is het verstandig om de reputatie van de goksite te onderzoeken door recensies en ervaringen van andere spelers te lezen.
Een ander aspect om te overwegen bij het kiezen van de beste online goksite is het spelaanbod. Controleer of de site een breed scala aan casinospellen en gokmogelijkheden biedt die aansluiten bij jouw voorkeuren. Daarnaast is het ook belangrijk om te letten op de beschikbare bonussen en promoties, aangezien deze je speelervaring kunnen verbeteren. Door deze aspecten zorgvuldig te overwegen, kun je de beste online goksite vinden die voldoet aan jouw wensen en behoeften.
Verantwoord spelen: Tips voor het vinden van een goksite die verantwoordelijkheid bevordert
Online gokken is populair in Nederland, maar het kiezen van de beste goksite kan een uitdaging zijn. Om de juiste keuze te maken, zijn er verschillende factoren waarmee je rekening moet houden. Ten eerste is het belangrijk om te controleren of de goksite een geldige vergunning heeft van de Nederlandse Kansspelautoriteit. Dit zorgt ervoor dat de site voldoet aan de wettelijke vereisten en dat je beschermd bent als speler.
Een ander belangrijk aspect bij het kiezen van een online goksite is het spelaanbod. Controleer of de site een breed scala aan casinospellen en gokopties biedt die aansluiten bij jouw voorkeuren. Daarnaast is het verstandig om te kijken naar de bonussen en promoties die de goksite aanbiedt. Sommige sites bieden aantrekkelijke welkomstbonussen of loyaliteitsprogramma’s die de moeite waard kunnen zijn.
Veiligheid en betrouwbaarheid zijn ook cruciale aspecten bij het selecteren van een online goksite. Zorg ervoor dat de site gebruikmaakt van geavanceerde beveiligingsmaatregelen om de privacy van spelers te waarborgen en transacties veilig te houden. Het is ook aan te raden om recensies en ervaringen van andere spelers te raadplegen om een goed beeld te krijgen van de reputatie van de goksite.
Al met al is het kiezen van de beste online goksite in Nederland een kwestie van zorgvuldig onderzoek en afwegen van verschillende factoren. Door te letten op zaken zoals vergunningen, spelaanbod, bonussen, veiligheid en reputatie, kun je een weloverwogen beslissing nemen en genieten van een veilige en plezierige gokervaring.
Al met al is het kiezen van de beste online goksite in Nederland een belangrijke beslissing die zorgvuldig moet worden overwogen. Door te letten op factoren zoals licenties, spelaanbod, bonussen en betalingsmogelijkheden, kun je een weloverwogen keuze maken die aansluit bij jouw behoeften en voorkeuren. Vergeet niet om ook de reputatie en klantenservice van de goksite te onderzoeken om een veilige en plezierige spelervaring te garanderen. Met de juiste informatie en onderzoek kun je genieten van een verantwoorde en opwindende online gokervaring in Nederland.
When evaluating the company, you can ask for references or details of the company that has similar stature and activities to yours. Most accountants will give you a list of the big companies that they have worked for or worked with, but it is important with alignment to your business – the answer is no. Choose a company with experience in your field, your location(s), and a proven track record of success.
The cost of experience can be high. For an accountant, landing a multinational can affect its own pricing model. Make sure you align your business with the correct skill set to attain the best results.